AT&T (NYSE:T) Stock Price Down 1%

AT&T Inc. (NYSE:T)’s stock price fell 1% during trading on Monday . The company traded as low as $16.30 and last traded at $16.35. 13,795,428 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 38,230,848 shares. The stock had previously closed at $16.51.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on T shares. Barclays increased their price target on AT&T from $17.00 to $20.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 31st. JPMorgan Chase & Co. raised AT&T from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $18.00 to $21.00 in a research note on Thursday, February 1st. Tigress Financial lifted their target price on AT&T from $28.00 to $29.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Wolfe Research raised shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price objective for the company in a research note on Tuesday, March 5th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $17.00 target price on shares of AT&T in a research note on Thursday, April 11th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $20.50.

AT&T Stock Up 1.2 %

The company has a debt-to-equity ratio of 1.09, a current ratio of 0.71 and a quick ratio of 0.67. The firm has a market capitalization of $118.09 billion, a price-to-earnings ratio of 8.42, a price-to-earnings-growth ratio of 2.46 and a beta of 0.57. The firm’s 50-day moving average price is $16.98 and its 200 day moving average price is $16.54.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, January 24th. The technology company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.01). The company had revenue of $32 billion during the quarter, compared to analyst estimates of $31.44 billion. AT&T had a return on equity of 15.39% and a net margin of 11.76%. The business’s revenue was up 2.2% compared to the same quarter last year. During the same period last year, the firm earned $0.61 earnings per share. Sell-side analysts expect that AT&T Inc. will post 2.21 EPS for the current year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be issued a $0.2775 dividend. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.11 annualized dividend and a yield of 6.72%. AT&T’s payout ratio is 56.63%.

Institutional Investors Weigh In On AT&T

A number of large investors have recently modified their holdings of T. Bell Bank increased its position in shares of AT&T by 2.7% in the 1st quarter. Bell Bank now owns 452,661 shares of the technology company’s stock worth $7,967,000 after purchasing an additional 11,926 shares during the last quarter. Godsey & Gibb Inc. raised its position in shares of AT&T by 17.3% during the 1st quarter. Godsey & Gibb Inc. now owns 999,489 shares of the technology company’s stock valued at $17,591,000 after acquiring an additional 147,557 shares in the last quarter. Busey Bank lifted its stake in AT&T by 3.6% during the first quarter. Busey Bank now owns 102,565 shares of the technology company’s stock worth $1,805,000 after purchasing an additional 3,545 shares during the last quarter. BSW Wealth Partners boosted its holdings in AT&T by 2.6% in the first quarter. BSW Wealth Partners now owns 27,227 shares of the technology company’s stock worth $479,000 after purchasing an additional 696 shares during the period. Finally, Sage Mountain Advisors LLC raised its holdings in shares of AT&T by 79.9% during the first quarter. Sage Mountain Advisors LLC now owns 32,675 shares of the technology company’s stock worth $575,000 after purchasing an additional 14,517 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

About AT&T

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.