Investors sold shares of AT&T Inc. (NYSE:T) on strength during trading on Friday. $77.24 million flowed into the stock on the tick-up and $206.09 million flowed out of the stock on the tick-down, for a money net flow of $128.85 million out of the stock. Of all companies tracked, AT&T had the 0th highest net out-flow for the day. AT&T traded up $0.25 for the day and closed at $36.72
A number of analysts recently weighed in on T shares. Nomura decreased their price target on shares of AT&T to $42.00 and set a “buy” rating for the company in a research note on Tuesday, November 21st. Standpoint Research started coverage on shares of AT&T in a research note on Wednesday, November 8th. They set a “buy” rating and a $40.00 price target for the company. Zacks Investment Research upgraded shares of AT&T from a “sell” rating to a “hold” rating in a research note on Friday, January 12th. Citigroup increased their price target on shares of AT&T from $52.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, November 10th. Finally, KeyCorp raised their target price on shares of AT&T from $35.00 to $38.00 and gave the stock a “sector weight” rating in a research note on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $41.92.
The company has a market cap of $225,420.00, a P/E ratio of 24.64, a P/E/G ratio of 2.52 and a beta of 0.37. The company has a quick ratio of 1.60, a current ratio of 0.97 and a debt-to-equity ratio of 0.89.
AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.13. The business had revenue of $41.68 billion during the quarter, compared to the consensus estimate of $41.21 billion. AT&T had a net margin of 18.34% and a return on equity of 14.55%. The business’s revenue was down .4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.66 EPS. sell-side analysts predict that AT&T Inc. will post 3.48 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.45%. The ex-dividend date of this dividend was Tuesday, January 9th. This is an increase from AT&T’s previous quarterly dividend of $0.49. AT&T’s dividend payout ratio (DPR) is currently 134.23%.
In related news, Director Richard W. Fisher purchased 2,600 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was acquired at an average price of $38.10 per share, for a total transaction of $99,060.00. Following the acquisition, the director now directly owns 2,600 shares of the company’s stock, valued at approximately $99,060. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP John T. Stankey sold 2,307 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $39.21, for a total transaction of $90,457.47. Following the completion of the transaction, the executive vice president now owns 51,672 shares of the company’s stock, valued at approximately $2,026,059.12. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Green Square Capital LLC grew its holdings in shares of AT&T by 35.1% during the fourth quarter. Green Square Capital LLC now owns 242,962 shares of the technology company’s stock worth $9,446,000 after buying an additional 63,189 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of AT&T by 9.0% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 1,290,461 shares of the technology company’s stock worth $50,173,000 after buying an additional 107,029 shares in the last quarter. PHH Investments Ltd. grew its holdings in shares of AT&T by 11.7% during the fourth quarter. PHH Investments Ltd. now owns 42,834 shares of the technology company’s stock worth $1,665,000 after buying an additional 4,483 shares in the last quarter. Certified Advisory Corp purchased a new stake in shares of AT&T during the fourth quarter worth about $1,982,000. Finally, Wagner Wealth Management LLC purchased a new stake in shares of AT&T during the fourth quarter worth about $863,000. Institutional investors and hedge funds own 55.14% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This news story was originally posted by Transcript Daily and is owned by of Transcript Daily. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright & trademark legislation. The original version of this news story can be viewed at https://transcriptdaily.com/2018/02/25/investors-sell-shares-of-att-t-on-strength-t-2.html.
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.
Receive News & Ratings for AT&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T and related companies with MarketBeat.com's FREE daily email newsletter.