Investors Sell Shares of AT&T (T) on Strength (T)
Investors sold shares of AT&T Inc. (NYSE:T) on strength during trading on Monday. $141.34 million flowed into the stock on the tick-up and $311.32 million flowed out of the stock on the tick-down, for a money net flow of $169.98 million out of the stock. Of all stocks tracked, AT&T had the 0th highest net out-flow for the day. AT&T traded up $0.22 for the day and closed at $38.46
A number of research firms have recently commented on T. Jefferies Group reissued a “buy” rating and set a $48.00 target price on shares of AT&T in a research note on Thursday, August 24th. Oppenheimer reissued a “hold” rating on shares of AT&T in a research note on Wednesday, October 25th. Canaccord Genuity reissued a “buy” rating and set a $51.00 target price on shares of AT&T in a research note on Friday, November 10th. Vetr cut shares of AT&T from a “strong-buy” rating to a “buy” rating and set a $39.67 target price for the company. in a research note on Wednesday, November 29th. Finally, Robert W. Baird reissued an “outperform” rating and set a $43.00 target price on shares of AT&T in a research note on Thursday, September 21st. One analyst has rated the stock with a sell rating, eighteen have given a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $42.83.
The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.23. The company has a market cap of $236,105.94, a price-to-earnings ratio of 13.13, a price-to-earnings-growth ratio of 3.20 and a beta of 0.44.
The business 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 $0.50 dividend. This is a positive change from AT&T’s previous quarterly dividend of $0.49. This represents a $2.00 annualized dividend and a dividend yield of 5.15%. The ex-dividend date is Tuesday, January 9th. AT&T’s dividend payout ratio is currently 94.69%.
In other AT&T news, Director Matthew K. Rose bought 29,600 shares of the business’s stock in a transaction that occurred on Wednesday, October 25th. The shares were purchased at an average cost of $33.75 per share, with a total value of $999,000.00. Following the purchase, the director now directly owns 3,100 shares in the company, valued at $104,625. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.09% of the stock is owned by corporate insiders.
Several large investors have recently made changes to their positions in the business. New Capital Management LP grew its position in shares of AT&T by 130.9% in the 3rd quarter. New Capital Management LP now owns 2,646 shares of the technology company’s stock valued at $104,000 after buying an additional 1,500 shares during the last quarter. Financial Engines Advisors L.L.C. purchased a new position in shares of AT&T in the 3rd quarter valued at $104,000. Macroview Investment Management LLC grew its position in shares of AT&T by 144.3% in the 3rd quarter. Macroview Investment Management LLC now owns 2,700 shares of the technology company’s stock valued at $106,000 after buying an additional 1,595 shares during the last quarter. Almanack Investment Partners LLC. purchased a new position in shares of AT&T in the 1st quarter valued at $109,000. Finally, Sterling Investment Advisors Ltd. grew its position in shares of AT&T by 289.1% in the 1st quarter. Sterling Investment Advisors Ltd. now owns 2,724 shares of the technology company’s stock valued at $113,000 after buying an additional 2,024 shares during the last quarter. 55.76% of the stock is currently owned by institutional investors.
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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