WealthPLAN Partners LLC Sells 1,483 Shares of AT&T Inc. (NYSE:T)

WealthPLAN Partners LLC decreased its holdings in shares of AT&T Inc. (NYSE:T) by 7.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,775 shares of the technology company’s stock after selling 1,483 shares during the period. WealthPLAN Partners LLC’s holdings in AT&T were worth $391,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in T. Harbour Investments Inc. increased its position in shares of AT&T by 9.0% during the third quarter. Harbour Investments Inc. now owns 142,186 shares of the technology company’s stock worth $3,128,000 after acquiring an additional 11,713 shares in the last quarter. Entropy Technologies LP increased its holdings in AT&T by 107.1% during the 3rd quarter. Entropy Technologies LP now owns 180,600 shares of the technology company’s stock worth $3,973,000 after purchasing an additional 93,392 shares in the last quarter. Nations Financial Group Inc. IA ADV raised its stake in shares of AT&T by 1.3% in the third quarter. Nations Financial Group Inc. IA ADV now owns 50,033 shares of the technology company’s stock worth $1,101,000 after purchasing an additional 662 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of AT&T by 35.6% in the third quarter. Venturi Wealth Management LLC now owns 15,038 shares of the technology company’s stock valued at $331,000 after purchasing an additional 3,948 shares in the last quarter. Finally, Jag Capital Management LLC boosted its position in shares of AT&T by 8.7% during the third quarter. Jag Capital Management LLC now owns 15,607 shares of the technology company’s stock valued at $343,000 after buying an additional 1,246 shares during the last quarter. 57.10% of the stock is owned by institutional investors.

AT&T Price Performance

T stock opened at $22.15 on Wednesday. The firm has a 50 day moving average of $21.75 and a 200-day moving average of $19.60. The firm has a market capitalization of $158.93 billion, a P/E ratio of 18.01, a price-to-earnings-growth ratio of 3.35 and a beta of 0.59. AT&T Inc. has a 12 month low of $15.51 and a 12 month high of $22.73. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The firm had revenue of $30.20 billion during the quarter, compared to the consensus estimate of $30.50 billion. During the same quarter last year, the company posted $0.64 EPS. The company’s revenue for the quarter was down .5% on a year-over-year basis. As a group, sell-side analysts predict that AT&T Inc. will post 2.22 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Thursday, October 10th were given a $0.2775 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.11 annualized dividend and a yield of 5.01%. AT&T’s dividend payout ratio (DPR) is presently 90.24%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Tigress Financial lifted their price objective on shares of AT&T from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Moffett Nathanson increased their price objective on shares of AT&T from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Thursday, August 15th. Daiwa America raised AT&T to a “hold” rating in a report on Friday, July 26th. Citigroup boosted their price objective on AT&T from $21.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. Finally, Redburn Atlantic upgraded AT&T to a “strong sell” rating in a research note on Monday, September 16th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $23.40.

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.