AT&T Inc. (T) Short Interest Up 2.7% in September
AT&T Inc. (NYSE:T) saw a significant increase in short interest in the month of September. As of September 29th, there was short interest totalling 191,834,121 shares, an increase of 2.7% from the September 15th total of 186,733,200 shares. Currently, 3.1% of the shares of the stock are sold short. Based on an average trading volume of 26,704,115 shares, the days-to-cover ratio is currently 7.2 days.
AT&T (NYSE T) opened at 36.23 on Wednesday. The company has a market cap of $222.45 billion, a PE ratio of 17.03 and a beta of 0.49. AT&T has a 12-month low of $35.10 and a 12-month high of $43.03. The stock’s 50 day moving average price is $37.75 and its 200 day moving average price is $38.35.
AT&T (NYSE:T) last released its earnings results on Tuesday, July 25th. The technology company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.74 by $0.05. AT&T had a return on equity of 14.53% and a net margin of 8.12%. The business had revenue of $39.84 billion during the quarter, compared to analysts’ expectations of $39.84 billion. During the same quarter last year, the firm posted $0.72 earnings per share. The firm’s revenue was down 1.6% on a year-over-year basis. Equities research analysts anticipate that AT&T will post $2.94 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th will be paid a dividend of $0.49 per share. The ex-dividend date is Friday, October 6th. This represents a $1.96 annualized dividend and a yield of 5.41%. AT&T’s dividend payout ratio is currently 92.45%.
A number of research analysts recently issued reports on the company. Vetr cut AT&T from a “strong-buy” rating to a “buy” rating and set a $44.24 price target for the company. in a report on Friday, October 6th. Morgan Stanley lifted their price target on AT&T from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Wednesday, September 27th. BidaskClub raised AT&T from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Zacks Investment Research raised AT&T from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a report on Wednesday, October 11th. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $43.00 price target on shares of AT&T in a report on Thursday, September 21st. One equities research analyst has rated the stock with a sell rating, twenty have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. AT&T currently has a consensus rating of “Hold” and a consensus target price of $43.57.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Affinity Wealth Management grew its stake in AT&T by 0.8% in the first quarter. Affinity Wealth Management now owns 17,446 shares of the technology company’s stock valued at $725,000 after acquiring an additional 146 shares during the period. National Investment Services Inc. WI grew its stake in AT&T by 17.2% in the first quarter. National Investment Services Inc. WI now owns 64,449 shares of the technology company’s stock valued at $2,678,000 after acquiring an additional 9,462 shares during the period. Edmp Inc. grew its stake in AT&T by 0.7% in the first quarter. Edmp Inc. now owns 70,076 shares of the technology company’s stock valued at $2,912,000 after acquiring an additional 470 shares during the period. Asset Planning Services Ltd. grew its stake in AT&T by 26.6% in the first quarter. Asset Planning Services Ltd. now owns 4,169 shares of the technology company’s stock valued at $173,000 after acquiring an additional 877 shares during the period. Finally, Donald L. Hagan LLC grew its stake in AT&T by 3.6% in the first quarter. Donald L. Hagan LLC now owns 19,567 shares of the technology company’s stock valued at $813,000 after acquiring an additional 687 shares during the period. 54.97% of the stock is owned by institutional investors and hedge funds.
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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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