Traders Sell Shares of AT&T Inc. (T) on Strength (T)
Traders sold shares of AT&T Inc. (NYSE:T) on strength during trading hours on Wednesday. $96.30 million flowed into the stock on the tick-up and $158.39 million flowed out of the stock on the tick-down, for a money net flow of $62.09 million out of the stock. Of all companies tracked, AT&T had the 0th highest net out-flow for the day. AT&T traded up $0.02 for the day and closed at $39.50
A number of research firms recently weighed in on T. Macquarie restated a “buy” rating and issued a $43.00 price target on shares of AT&T in a report on Friday, September 1st. Vetr upgraded AT&T from a “buy” rating to a “strong-buy” rating and set a $44.24 price target on the stock in a report on Thursday, September 28th. Zacks Investment Research upgraded AT&T from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. Cowen and Company restated a “market perform” rating and issued a $41.00 price target (down previously from $43.00) on shares of AT&T in a report on Wednesday, July 26th. Finally, Wells Fargo & Company restated an “outperform” rating on shares of AT&T in a report on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, nineteen have given a hold rating and eleven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $43.87.
The stock has a market cap of $242.59 billion, a price-to-earnings ratio of 18.57 and a beta of 0.49. The firm has a 50-day moving average of $37.79 and a 200 day moving average of $38.58.
AT&T (NYSE:T) last released its quarterly earnings data on Tuesday, July 25th. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.05. AT&T had a net margin of 8.12% and a return on equity of 14.53%. The business had revenue of $39.84 billion during the quarter, compared to analyst estimates of $39.84 billion. During the same quarter in the previous year, the business earned $0.72 EPS. AT&T’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, equities research analysts predict that AT&T Inc. will post $2.94 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 4.96%. The ex-dividend date is Friday, October 6th. AT&T’s payout ratio is presently 92.45%.
Several hedge funds have recently added to or reduced their stakes in T. Parametrica Management Ltd acquired a new position in AT&T during the 1st quarter worth $417,000. Winslow Evans & Crocker Inc. lifted its position in AT&T by 8.4% during the 1st quarter. Winslow Evans & Crocker Inc. now owns 67,916 shares of the technology company’s stock worth $2,822,000 after acquiring an additional 5,268 shares during the last quarter. American National Bank lifted its position in AT&T by 8.4% during the 1st quarter. American National Bank now owns 18,863 shares of the technology company’s stock worth $784,000 after acquiring an additional 1,455 shares during the last quarter. Atria Investments LLC lifted its position in AT&T by 20.3% during the 1st quarter. Atria Investments LLC now owns 181,804 shares of the technology company’s stock worth $7,554,000 after acquiring an additional 30,738 shares during the last quarter. Finally, Community Bank of Raymore lifted its position in AT&T by 21.6% during the 1st quarter. Community Bank of Raymore now owns 112,384 shares of the technology company’s stock worth $4,669,000 after acquiring an additional 19,950 shares during the last quarter. 54.99% of the stock is owned by institutional investors and hedge funds.
AT&T Company Profile
AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.
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