Investors Buy AT&T Inc. (T) on Weakness
Traders bought shares of AT&T Inc. (NYSE:T) on weakness during trading on Tuesday. $128.87 million flowed into the stock on the tick-up and $100.57 million flowed out of the stock on the tick-down, for a money net flow of $28.30 million into the stock. Of all companies tracked, AT&T had the 15th highest net in-flow for the day. AT&T traded down ($0.34) for the day and closed at $38.16
Several research firms have weighed in on T. Royal Bank Of Canada set a $42.00 price target on AT&T and gave the stock a “hold” rating in a research report on Saturday, May 20th. Vetr raised AT&T from a “buy” rating to a “strong-buy” rating and set a $42.91 price target on the stock in a research report on Thursday, August 10th. Cowen and Company reaffirmed a “market perform” rating and set a $41.00 price target (down previously from $43.00) on shares of AT&T in a research report on Wednesday, July 26th. Drexel Hamilton reaffirmed a “hold” rating on shares of AT&T in a research report on Friday, June 2nd. Finally, ValuEngine lowered AT&T from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. One analyst has rated the stock with a sell rating, twenty have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. AT&T presently has an average rating of “Hold” and an average price target of $43.50.
The firm’s 50 day moving average price is $37.59 and its 200-day moving average price is $39.56. The company has a market capitalization of $234.30 billion, a PE ratio of 17.93 and a beta of 0.47.
AT&T (NYSE:T) last posted its quarterly earnings data on Tuesday, July 25th. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.05. The company had revenue of $39.84 billion during the quarter, compared to analyst estimates of $39.84 billion. AT&T had a return on equity of 14.53% and a net margin of 8.12%. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the company earned $0.72 earnings per share. Analysts anticipate that AT&T Inc. will post $2.95 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Monday, July 10th were paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 5.14%. The ex-dividend date of this dividend was Thursday, July 6th. AT&T’s dividend payout ratio is 92.45%.
A number of large investors have recently bought and sold shares of the stock. Vantage Financial Partners Ltd. Inc. purchased a new stake in AT&T during the second quarter worth $314,000. Ullmann Financial Group Inc. purchased a new stake in AT&T during the first quarter worth $101,000. Feltz Wealth PLAN Inc. purchased a new stake in AT&T during the first quarter worth $104,000. Taylor Wealth Management Partners increased its stake in AT&T by 0.4% in the first quarter. Taylor Wealth Management Partners now owns 2,550 shares of the technology company’s stock worth $106,000 after buying an additional 11 shares during the last quarter. Finally, Almanack Investment Partners LLC. purchased a new stake in AT&T during the first quarter worth $109,000. 55.24% 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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