Short Interest in AT&T Inc. (T) Increases By 4.4%
AT&T Inc. (NYSE:T) saw a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 101,289,751 shares, a growth of 4.4% from the October 31st total of 97,045,568 shares. Based on an average daily trading volume, of 26,069,765 shares, the days-to-cover ratio is presently 3.9 days. Currently, 1.6% of the shares of the company are short sold.
In other news, Director Geoffrey Y. Yang purchased 27,129 shares of the company’s stock in a transaction on Tuesday, October 25th. The stock was acquired at an average cost of $36.91 per share, for a total transaction of $1,001,331.39. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.07% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. American Economic Planning Group Inc. ADV raised its stake in shares of AT&T by 0.4% in the third quarter. American Economic Planning Group Inc. ADV now owns 8,898 shares of the company’s stock valued at $362,000 after buying an additional 32 shares during the period. Family Firm Inc. raised its stake in shares of AT&T by 0.5% in the second quarter. Family Firm Inc. now owns 7,536 shares of the company’s stock valued at $326,000 after buying an additional 35 shares during the period. Delphi Private Advisors LLC raised its stake in shares of AT&T by 0.9% in the second quarter. Delphi Private Advisors LLC now owns 5,074 shares of the company’s stock valued at $219,000 after buying an additional 44 shares during the period. Cornerstone Investment Partners LLC raised its stake in shares of AT&T by 0.6% in the second quarter. Cornerstone Investment Partners LLC now owns 9,554 shares of the company’s stock valued at $413,000 after buying an additional 54 shares during the period. Finally, Cohen Lawrence B raised its stake in shares of AT&T by 0.4% in the second quarter. Cohen Lawrence B now owns 13,585 shares of the company’s stock valued at $587,000 after buying an additional 60 shares during the period. Institutional investors and hedge funds own 52.95% of the company’s stock.
A number of research firms have weighed in on T. Deutsche Bank AG reiterated a “buy” rating and issued a $45.00 price target on shares of AT&T in a research report on Monday, October 24th. William Blair reissued a “market perform” rating on shares of AT&T in a report on Wednesday. Instinet reissued a “buy” rating and issued a $46.00 target price on shares of AT&T in a report on Wednesday. Vetr raised shares of AT&T from a “sell” rating to a “hold” rating and set a $41.06 target price on the stock in a report on Tuesday, August 16th. Finally, Jefferies Group reissued a “buy” rating and issued a $48.00 target price on shares of AT&T in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $42.41.
Shares of AT&T (NYSE:T) opened at 38.63 on Thursday. AT&T has a 12-month low of $33.01 and a 12-month high of $43.89. The company has a market capitalization of $237.23 billion, a PE ratio of 16.43 and a beta of 0.35. The stock has a 50 day moving average of $37.69 and a 200-day moving average of $40.24.
The business also recently declared a quarterly dividend, which was paid on Tuesday, November 1st. Stockholders of record on Monday, October 10th were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Wednesday, October 5th. This represents a $1.92 annualized dividend and a dividend yield of 4.97%. AT&T’s dividend payout ratio is presently 81.70%.
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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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