Clear Creek Financial Management LLC Has $1.63 Million Holdings in AT&T Inc. $T

Clear Creek Financial Management LLC reduced its holdings in AT&T Inc. (NYSE:T) by 11.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,291 shares of the technology company’s stock after selling 7,426 shares during the quarter. Clear Creek Financial Management LLC’s holdings in AT&T were worth $1,629,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC lifted its holdings in AT&T by 26.5% during the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock worth $1,106,000 after buying an additional 10,188 shares in the last quarter. GAMMA Investing LLC lifted its holdings in AT&T by 15.5% during the 1st quarter. GAMMA Investing LLC now owns 165,258 shares of the technology company’s stock worth $4,673,000 after buying an additional 22,195 shares in the last quarter. Donaldson Capital Management LLC lifted its holdings in AT&T by 94.1% during the 1st quarter. Donaldson Capital Management LLC now owns 31,872 shares of the technology company’s stock worth $901,000 after buying an additional 15,448 shares in the last quarter. Focus Financial Network Inc. lifted its holdings in AT&T by 5.4% during the 1st quarter. Focus Financial Network Inc. now owns 20,679 shares of the technology company’s stock worth $585,000 after buying an additional 1,054 shares in the last quarter. Finally, Capital Advisors Ltd. LLC lifted its holdings in AT&T by 13.8% during the 1st quarter. Capital Advisors Ltd. LLC now owns 5,485 shares of the technology company’s stock worth $155,000 after buying an additional 667 shares in the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Price Performance

T opened at $26.12 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.01. AT&T Inc. has a 12 month low of $21.05 and a 12 month high of $29.79. The company has a fifty day simple moving average of $28.49 and a 200 day simple moving average of $27.89. The stock has a market cap of $186.77 billion, a P/E ratio of 14.84, a P/E/G ratio of 3.36 and a beta of 0.42.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. AT&T had a net margin of 10.29% and a return on equity of 13.36%. The business had revenue of $30.85 billion during the quarter, compared to analysts’ expectations of $30.44 billion. During the same quarter in the prior year, the company earned $0.51 EPS. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. On average, research analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be given a $0.2775 dividend. The ex-dividend date is Friday, October 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.2%. AT&T’s dividend payout ratio is currently 63.07%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on T shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of AT&T in a report on Wednesday. Raymond James Financial reaffirmed a “strong-buy” rating and set a $33.00 price objective (up previously from $31.00) on shares of AT&T in a report on Thursday, September 18th. Wells Fargo & Company upped their price objective on AT&T from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Thursday, July 10th. Barclays reissued an “equal weight” rating and issued a $30.00 price target on shares of AT&T in a research note on Wednesday, October 1st. Finally, Bank of America started coverage on AT&T in a research note on Monday, July 7th. They issued a “buy” rating and a $32.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $30.75.

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.