AT&T Inc. (NYSE:T) Shares Sold by Creative Capital Management Investments LLC

Creative Capital Management Investments LLC decreased its stake in shares of AT&T Inc. (NYSE:T) by 22.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,554 shares of the technology company’s stock after selling 750 shares during the period. Creative Capital Management Investments LLC’s holdings in AT&T were worth $43,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of T. Carmel Capital Partners LLC raised its holdings in AT&T by 16,250.0% in the 3rd quarter. Carmel Capital Partners LLC now owns 1,635 shares of the technology company’s stock worth $25,000 after acquiring an additional 1,625 shares during the period. Lipe & Dalton acquired a new position in AT&T during the third quarter valued at approximately $30,000. Ramirez Asset Management Inc. acquired a new position in shares of AT&T in the third quarter valued at approximately $30,000. Farmers & Merchants Trust Co of Chambersburg PA lifted its position in shares of AT&T by 35.3% in the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock worth $39,000 after purchasing an additional 606 shares in the last quarter. Finally, Financial Gravity Asset Management Inc. raised its position in AT&T by 3,202.4% during the third quarter. Financial Gravity Asset Management Inc. now owns 2,708 shares of the technology company’s stock worth $41,000 after acquiring an additional 2,626 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Barclays raised shares of AT&T from an “equal weight” rating to an “overweight” rating and set a $20.00 target price on the stock in a report on Monday. TheStreet raised shares of AT&T from a “c” rating to a “b-” rating in a report on Wednesday, January 24th. Scotiabank increased their price target on shares of AT&T from $22.00 to $22.50 and gave the stock a “sector outperform” rating in a report on Thursday, April 25th. Wolfe Research raised shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a research note on Tuesday, March 5th. Finally, Oppenheimer upgraded shares of AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a report on Friday, January 19th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $20.81.

AT&T Price Performance

Shares of AT&T stock traded up $0.16 during midday trading on Wednesday, hitting $17.05. 24,439,673 shares of the company traded hands, compared to its average volume of 39,163,559. The stock has a market cap of $121.96 billion, a price-to-earnings ratio of 9.16, a PEG ratio of 3.38 and a beta of 0.57. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.63 and a current ratio of 0.68. The firm’s fifty day moving average price is $16.97 and its 200-day moving average price is $16.62. AT&T Inc. has a 12 month low of $13.43 and a 12 month high of $18.16.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. The firm had revenue of $30.03 billion for the quarter, compared to the consensus estimate of $30.62 billion. AT&T had a net margin of 11.13% and a return on equity of 14.63%. The company’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.60 EPS. As a group, sell-side analysts forecast that AT&T Inc. will post 2.21 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 6.51%. The ex-dividend date of this dividend is Tuesday, April 9th. AT&T’s dividend payout ratio (DPR) is 59.68%.

AT&T Company Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.