AT&T Inc. Plans Dividend of $0.48 (T)
AT&T Inc. (NYSE:T) declared a dividend on Friday, September 30th. Stockholders of record on Monday, October 10th will be paid a dividend of 0.48 per share on Tuesday, November 1st. The ex-dividend date of this dividend is Wednesday, October 5th.
AT&T (NYSE:T) traded up 0.20% during midday trading on Friday, hitting $40.81. The company had a trading volume of 6,576,773 shares. The firm has a market capitalization of $251.06 billion, a P/E ratio of 17.60 and a beta of 0.28. The firm’s 50 day moving average is $41.05 and its 200-day moving average is $40.46. AT&T has a 52 week low of $32.19 and a 52 week high of $43.89.
AT&T (NYSE:T) last issued its quarterly earnings results on Thursday, July 21st. The company reported $0.72 EPS for the quarter, meeting the consensus estimate of $0.72. The company had revenue of $40.50 billion for the quarter, compared to the consensus estimate of $40.75 billion. AT&T had a net margin of 8.76% and a return on equity of 13.93%. On average, equities research analysts expect that AT&T will post $2.86 EPS for the current fiscal year.
In other news, CEO John T. Stankey sold 2,131 shares of the firm’s stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $43.38, for a total value of $92,442.78. Following the transaction, the chief executive officer now directly owns 13,583 shares of the company’s stock, valued at $589,230.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.07% of the stock is currently owned by insiders.
A number of institutional investors have recently modified their holdings of T. SSI Investment Management Inc. boosted its stake in shares of AT&T by 2.4% in the second quarter. SSI Investment Management Inc. now owns 16,935 shares of the company’s stock worth $734,000 after buying an additional 400 shares in the last quarter. Nippon Life Global Investors Americas Inc. bought a new stake in shares of AT&T during the second quarter worth $25,607,000. Commerce Bank boosted its stake in shares of AT&T by 2.7% in the second quarter. Commerce Bank now owns 2,366,232 shares of the company’s stock worth $102,245,000 after buying an additional 61,480 shares in the last quarter. Penserra Capital Management LLC boosted its stake in shares of AT&T by 1,674.5% in the second quarter. Penserra Capital Management LLC now owns 15,332 shares of the company’s stock worth $662,000 after buying an additional 14,468 shares in the last quarter. Finally, Midwest Investment Management LLC bought a new stake in shares of AT&T during the second quarter worth $204,000. 53.64% of the stock is currently owned by institutional investors.
A number of equities analysts have commented on the stock. S&P Equity Research set a $46.00 target price on shares of AT&T and gave the stock a “buy” rating in a research note on Sunday, July 24th. Vetr cut shares of AT&T from a “hold” rating to a “sell” rating and set a $38.71 price target for the company. in a research report on Tuesday, June 21st. Wells Fargo & Co. reaffirmed a “buy” rating on shares of AT&T in a research report on Friday, July 22nd. Barclays PLC upped their price target on shares of AT&T from $42.00 to $45.00 and gave the stock an “overweight” rating in a research report on Friday, July 15th. Finally, Jefferies Group reaffirmed a “buy” rating on shares of AT&T in a research report on Wednesday, August 3rd. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $41.43.
AT&T Company Profile
AT&T Inc is a holding company. The Company offers communications and digital entertainment services in the United States and the world. It operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Business Solutions segment includes various categories, including wireless service, fixed strategic services, legacy voice and data services, other services and wireless equipment.
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