AT&T Inc. (NYSE:T) Shares Acquired by Larson Financial Group LLC

Larson Financial Group LLC grew its stake in AT&T Inc. (NYSE:T) by 14.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,864 shares of the technology company’s stock after purchasing an additional 1,406 shares during the quarter. Larson Financial Group LLC’s holdings in AT&T were worth $411,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the company. Ancora Advisors LLC raised its stake in AT&T by 1.3% during the second quarter. Ancora Advisors LLC now owns 351,407 shares of the technology company’s stock worth $11,776,000 after acquiring an additional 4,370 shares during the period. Kavar Capital Partners LLC raised its stake in AT&T by 3.0% during the second quarter. Kavar Capital Partners LLC now owns 99,006 shares of the technology company’s stock worth $3,318,000 after acquiring an additional 2,914 shares during the period. Investment Partners LTD. raised its stake in AT&T by 36.5% during the second quarter. Investment Partners LTD. now owns 33,247 shares of the technology company’s stock worth $1,114,000 after acquiring an additional 8,892 shares during the period. JGP Wealth Management LLC raised its stake in AT&T by 2.7% during the second quarter. JGP Wealth Management LLC now owns 130,198 shares of the technology company’s stock worth $4,363,000 after acquiring an additional 3,373 shares during the period. Finally, Marco Investment Management LLC raised its stake in AT&T by 16.2% during the second quarter. Marco Investment Management LLC now owns 62,639 shares of the technology company’s stock worth $2,099,000 after acquiring an additional 8,734 shares during the period. Institutional investors and hedge funds own 53.02% of the company’s stock.

In related news, CEO John T. Stankey sold 4,024 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $34.15, for a total value of $137,419.60. Following the completion of the sale, the chief executive officer now owns 2,366 shares in the company, valued at approximately $80,798.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.07% of the stock is currently owned by corporate insiders.

NYSE:T traded up $0.23 during trading hours on Friday, reaching $37.65. 9,720,034 shares of the company’s stock were exchanged, compared to its average volume of 33,095,766. The company has a market capitalization of $273.43 billion, a P/E ratio of 10.70, a price-to-earnings-growth ratio of 2.36 and a beta of 0.63. AT&T Inc. has a 12 month low of $26.80 and a 12 month high of $38.75. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.81. The business’s 50-day simple moving average is $36.67 and its two-hundred day simple moving average is $33.53.

AT&T (NYSE:T) last issued its earnings results on Wednesday, July 24th. The technology company reported $0.89 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.89. The firm had revenue of $44.96 billion during the quarter, compared to analysts’ expectations of $44.97 billion. AT&T had a net margin of 9.47% and a return on equity of 13.38%. The firm’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period last year, the firm posted $0.91 earnings per share. As a group, sell-side analysts anticipate that AT&T Inc. will post 3.57 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 10th will be given a $0.51 dividend. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.04 annualized dividend and a dividend yield of 5.42%. AT&T’s dividend payout ratio (DPR) is presently 57.95%.

Several brokerages have commented on T. Bank of America restated a “buy” rating on shares of AT&T in a research note on Monday, September 9th. Raymond James restated an “outperform” rating and issued a $40.00 price target (up previously from $35.00) on shares of AT&T in a research note on Monday. Morgan Stanley set a $37.00 price target on shares of AT&T and gave the company a “buy” rating in a research note on Tuesday, September 10th. JPMorgan Chase & Co. set a $39.00 price target on shares of AT&T and gave the company a “buy” rating in a research note on Tuesday, September 10th. Finally, Oppenheimer set a $41.00 price target on shares of AT&T and gave the company a “buy” rating in a research note on Tuesday, September 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $38.43.

About AT&T

AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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