Holistic Planning LLC Makes New $219,000 Investment in AT&T Inc. (NYSE:T)

Holistic Planning LLC acquired a new stake in shares of AT&T Inc. (NYSE:T) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 7,739 shares of the technology company’s stock, valued at approximately $219,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. PDS Planning Inc increased its position in shares of AT&T by 11.0% in the first quarter. PDS Planning Inc now owns 36,682 shares of the technology company’s stock worth $1,037,000 after acquiring an additional 3,632 shares in the last quarter. Bank of Stockton acquired a new position in AT&T in the 1st quarter worth approximately $218,000. KG&L Capital Management LLC boosted its stake in AT&T by 8.8% in the 1st quarter. KG&L Capital Management LLC now owns 11,505 shares of the technology company’s stock worth $325,000 after purchasing an additional 934 shares during the period. KPP Advisory Services LLC grew its position in AT&T by 7.3% during the 1st quarter. KPP Advisory Services LLC now owns 143,241 shares of the technology company’s stock worth $4,051,000 after purchasing an additional 9,738 shares in the last quarter. Finally, Penobscot Investment Management Company Inc. raised its stake in AT&T by 4.2% during the 1st quarter. Penobscot Investment Management Company Inc. now owns 45,315 shares of the technology company’s stock valued at $1,282,000 after purchasing an additional 1,841 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Royal Bank Of Canada raised their target price on AT&T from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, April 24th. Barclays lifted their target price on AT&T from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Friday, April 25th. Oppenheimer increased their price target on shares of AT&T from $27.00 to $32.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 1st. Citigroup reaffirmed a “buy” rating on shares of AT&T in a research report on Tuesday, June 17th. Finally, Williams Trading set a $30.00 price objective on shares of AT&T in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $28.76.

AT&T Stock Performance

T opened at $28.04 on Friday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.65 and a current ratio of 0.70. The company has a market cap of $201.73 billion, a PE ratio of 17.20, a price-to-earnings-growth ratio of 3.96 and a beta of 0.41. The stock has a 50-day moving average of $27.61 and a 200-day moving average of $25.91. AT&T Inc. has a 52-week low of $18.14 and a 52-week high of $29.03.

AT&T (NYSE:T) last announced its earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). AT&T had a return on equity of 13.63% and a net margin of 9.64%. The company had revenue of $30.63 billion for the quarter, compared to the consensus estimate of $30.39 billion. During the same period in the previous year, the company earned $0.55 EPS. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, equities research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Thursday, July 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 3.96%. The ex-dividend date of this dividend is Thursday, July 10th. AT&T’s dividend payout ratio is currently 68.10%.

AT&T Company Profile

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.