AT&T Inc. (T) Receives “Buy” Rating from Wells Fargo & Co.
A number of other equities analysts have also commented on the stock. Vetr upgraded shares of AT&T from a hold rating to a buy rating and set a $41.50 price target on the stock in a report on Tuesday. Zacks Investment Research lowered shares of AT&T from a hold rating to a sell rating in a report on Monday. Barclays PLC restated a buy rating and issued a $45.00 target price on shares of AT&T in a report on Monday, September 26th. HSBC upgraded shares of AT&T from a reduce rating to a hold rating and set a $38.00 target price on the stock in a report on Monday, September 26th. Finally, Jefferies Group restated a buy rating and issued a $48.00 target price on shares of AT&T in a report on Thursday, September 15th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have assigned a buy rating to the company. The stock has an average rating of Hold and an average target price of $41.57.
AT&T (NYSE:T) traded down 0.61% during trading on Thursday, hitting $38.87. 8,003,355 shares of the stock were exchanged. The firm’s 50-day moving average is $40.65 and its 200 day moving average is $40.51. The firm has a market cap of $239.13 billion, a PE ratio of 16.76 and a beta of 0.30. AT&T has a 52 week low of $32.22 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, hitting analysts’ consensus estimates of $0.72. The company had revenue of $40.50 billion for the quarter, compared to analyst estimates of $40.75 billion. AT&T had a net margin of 8.76% and a return on equity of 13.93%. Analysts expect that AT&T will post $2.86 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 1st. Investors of record on Monday, October 10th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $1.92 annualized dividend and a dividend yield of 4.91%. AT&T’s payout ratio is 83.12%.
In related news, CEO John T. Stankey sold 2,131 shares of the 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 completion of the transaction, the chief executive officer now directly owns 13,583 shares in the company, valued at approximately $589,230.54. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.07% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Dividend Asset Capital LLC raised its position in shares of AT&T by 17.6% in the first quarter. Dividend Asset Capital LLC now owns 33,667 shares of the company’s stock valued at $1,319,000 after buying an additional 5,033 shares during the last quarter. V Wealth Management LLC purchased a new stake in AT&T during the first quarter worth $1,780,000. Private Trust Co. NA raised its stake in AT&T by 7.1% in the first quarter. Private Trust Co. NA now owns 124,582 shares of the company’s stock worth $4,879,000 after buying an additional 8,216 shares in the last quarter. Sigma Planning Corp raised its stake in AT&T by 2.0% in the first quarter. Sigma Planning Corp now owns 183,120 shares of the company’s stock worth $7,173,000 after buying an additional 3,583 shares in the last quarter. Finally, Woodley Farra Manion Portfolio Management Inc. raised its stake in AT&T by 30.3% in the first quarter. Woodley Farra Manion Portfolio Management Inc. now owns 101,466 shares of the company’s stock worth $3,974,000 after buying an additional 23,603 shares in the last quarter. Institutional investors own 53.64% of the company’s stock.
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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