Traders Sell Shares of AT&T (T) on Strength (T)
Investors sold shares of AT&T Inc. (NYSE:T) on strength during trading hours on Monday. $160.82 million flowed into the stock on the tick-up and $293.72 million flowed out of the stock on the tick-down, for a money net flow of $132.90 million out of the stock. Of all companies tracked, AT&T had the 9th highest net out-flow for the day. AT&T traded up $0.42 for the day and closed at $36.90
T has been the topic of a number of research analyst reports. SunTrust Banks reiterated a “hold” rating and issued a $36.00 target price on shares of AT&T in a research note on Friday, October 27th. Nomura lowered their target price on shares of AT&T to $42.00 and set a “buy” rating on the stock in a research note on Tuesday, November 21st. Standpoint Research initiated coverage on shares of AT&T in a research note on Wednesday, November 8th. They issued a “buy” rating and a $40.00 target price on the stock. Vetr upgraded shares of AT&T from a “buy” rating to a “strong-buy” rating and set a $40.58 target price on the stock in a research note on Monday, October 16th. Finally, Zacks Investment Research upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research note on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $42.59.
The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.60 and a current ratio of 1.60. The stock has a market capitalization of $226,530.00, a price-to-earnings ratio of 17.74, a price-to-earnings-growth ratio of 2.97 and a beta of 0.44.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.42%. This is an increase from AT&T’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Tuesday, January 9th. AT&T’s dividend payout ratio (DPR) is presently 96.15%.
In other AT&T news, Director Matthew K. Rose acquired 29,600 shares of AT&T stock in a transaction dated Wednesday, October 25th. The stock was bought at an average cost of $33.75 per share, with a total value of $999,000.00. Following the acquisition, the director now owns 3,100 shares of the company’s stock, valued at $104,625. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.09% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in the company. American National Bank lifted its holdings in AT&T by 1.5% during the 2nd quarter. American National Bank now owns 19,147 shares of the technology company’s stock valued at $722,000 after purchasing an additional 284 shares during the last quarter. Catawba Capital Management VA lifted its holdings in AT&T by 4.9% during the 2nd quarter. Catawba Capital Management VA now owns 89,333 shares of the technology company’s stock valued at $3,371,000 after purchasing an additional 4,203 shares during the last quarter. Xact Kapitalforvaltning AB increased its position in AT&T by 2.5% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 1,006,259 shares of the technology company’s stock valued at $37,966,000 after acquiring an additional 24,719 shares in the last quarter. Trust Co increased its position in AT&T by 1.3% in the 1st quarter. Trust Co now owns 108,136 shares of the technology company’s stock valued at $4,493,000 after acquiring an additional 1,358 shares in the last quarter. Finally, Needelman Asset Management Inc. increased its position in AT&T by 1.2% in the 2nd quarter. Needelman Asset Management Inc. now owns 22,555 shares of the technology company’s stock valued at $851,000 after acquiring an additional 265 shares in the last quarter. 55.76% of the stock is owned by institutional investors.
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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