AT&T Inc. (NYSE:T) Shares Acquired by Wealthstreet Investment Advisors LLC

Wealthstreet Investment Advisors LLC increased its position in AT&T Inc. (NYSE:T) by 1.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 154,903 shares of the technology company’s stock after buying an additional 2,397 shares during the period. Wealthstreet Investment Advisors LLC’s holdings in AT&T were worth $5,191,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. NEXT Financial Group Inc raised its position in shares of AT&T by 143.9% in the second quarter. NEXT Financial Group Inc now owns 100,021 shares of the technology company’s stock valued at $3,352,000 after buying an additional 59,011 shares during the last quarter. We Are One Seven LLC raised its position in shares of AT&T by 6.3% in the second quarter. We Are One Seven LLC now owns 68,393 shares of the technology company’s stock valued at $2,291,000 after buying an additional 4,038 shares during the last quarter. Cornerstone Advisors Inc. raised its position in shares of AT&T by 11.3% in the second quarter. Cornerstone Advisors Inc. now owns 10,872 shares of the technology company’s stock valued at $364,000 after buying an additional 1,105 shares during the last quarter. Buckingham Capital Management Inc. raised its position in shares of AT&T by 4.2% in the first quarter. Buckingham Capital Management Inc. now owns 106,925 shares of the technology company’s stock valued at $3,353,000 after buying an additional 4,352 shares during the last quarter. Finally, Summit Financial Wealth Advisors LLC raised its position in shares of AT&T by 13.4% in the second quarter. Summit Financial Wealth Advisors LLC now owns 290,677 shares of the technology company’s stock valued at $9,741,000 after buying an additional 34,439 shares during the last quarter. 52.91% of the stock is owned by institutional investors and hedge funds.

T stock traded up $0.07 on Friday, hitting $34.19. 15,779,487 shares of the company were exchanged, compared to its average volume of 28,677,940. AT&T Inc. has a twelve month low of $26.80 and a twelve month high of $34.64. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.71 and a quick ratio of 0.72. The company has a fifty day simple moving average of $33.26. The firm has a market cap of $249.45 billion, a PE ratio of 9.71, a price-to-earnings-growth ratio of 2.14 and a beta of 0.61.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.89 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.89. AT&T had a net margin of 9.47% and a return on equity of 13.38%. The company had revenue of $44.96 billion during the quarter, compared to the consensus estimate of $44.97 billion. During the same period in the previous year, the firm earned $0.91 earnings per share. AT&T’s revenue for the quarter was up 15.3% on a year-over-year basis. Sell-side analysts predict that AT&T Inc. will post 3.57 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 1st. Shareholders of record on Wednesday, July 10th were paid a dividend of $0.51 per share. The ex-dividend date was Tuesday, July 9th. This represents a $2.04 annualized dividend and a yield of 5.97%. AT&T’s dividend payout ratio is currently 57.95%.

In other AT&T news, CEO John T. Stankey sold 4,024 shares of the business’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 transaction of $137,419.60. Following the completion of the sale, the chief executive officer now directly owns 2,366 shares in the company, valued at $80,798.90. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.07% of the stock is owned by insiders.

A number of equities analysts have recently weighed in on T shares. Desjardins reissued an “average” rating and issued a $56.50 price objective on shares of AT&T in a research report on Friday, April 5th. Raymond James upped their price target on shares of AT&T from $34.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Cowen upped their price target on shares of AT&T from $34.00 to $40.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Bank of America reaffirmed a “buy” rating and set a $37.00 price target on shares of AT&T in a research report on Monday, June 24th. Finally, Morgan Stanley reaffirmed a “buy” rating and set a $37.00 price target on shares of AT&T in a research report on Thursday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $36.78.

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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