Investors Sell Shares of AT&T (T) on Strength (T)

Traders sold shares of AT&T Inc. (NYSE:T) on strength during trading hours on Friday. $160.82 million flowed into the stock on the tick-up and $293.72 million flowed out of the stock on the tick-down, for a money net flow of $132.90 million out of the stock. Of all companies tracked, AT&T had the 9th highest net out-flow for the day. AT&T traded up $0.42 for the day and closed at $36.90

A number of brokerages have weighed in on T. Vetr lowered AT&T from a “strong-buy” rating to a “buy” rating and set a $42.75 price objective on the stock. in a report on Tuesday, September 26th. Zacks Investment Research upgraded AT&T from a “sell” rating to a “hold” rating in a report on Friday. ValuEngine lowered AT&T from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Moffett Nathanson restated a “neutral” rating on shares of AT&T in a report on Monday, October 16th. Finally, Morgan Stanley raised their price objective on AT&T from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $42.59.

The company has a market capitalization of $226,530.00, a P/E ratio of 17.74, a PEG ratio of 3.14 and a beta of 0.44. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.60 and a quick ratio of 1.60.

AT&T (NYSE:T) last issued its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01). The business had revenue of $39.67 billion for the quarter, compared to analyst estimates of $40.34 billion. AT&T had a return on equity of 14.49% and a net margin of 8.00%. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.74 earnings per share. equities analysts anticipate that AT&T Inc. will post 2.92 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.42%. This is an increase from AT&T’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, January 9th. AT&T’s dividend payout ratio (DPR) is presently 96.15%.

In other AT&T news, Director Matthew K. Rose acquired 29,600 shares of the business’s stock in a transaction that occurred on Wednesday, October 25th. The stock was purchased at an average cost of $33.75 per share, with a total value of $999,000.00. Following the transaction, the director now owns 3,100 shares of the company’s stock, valued at $104,625. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.09% of the stock is currently owned by company insiders.

Large investors have recently modified their holdings of the stock. Bath Savings Trust Co boosted its holdings in AT&T by 1.4% during the 2nd quarter. Bath Savings Trust Co now owns 75,633 shares of the technology company’s stock valued at $2,854,000 after acquiring an additional 1,034 shares during the period. McQueen Ball & Associates Inc. boosted its holdings in AT&T by 2.7% during the 2nd quarter. McQueen Ball & Associates Inc. now owns 74,081 shares of the technology company’s stock valued at $2,795,000 after acquiring an additional 1,970 shares during the period. Private Asset Management Inc. boosted its holdings in AT&T by 15.4% during the 2nd quarter. Private Asset Management Inc. now owns 380,861 shares of the technology company’s stock valued at $14,370,000 after acquiring an additional 50,740 shares during the period. Hefty Wealth Partners boosted its holdings in AT&T by 799.7% during the 2nd quarter. Hefty Wealth Partners now owns 18,416 shares of the technology company’s stock valued at $694,000 after acquiring an additional 16,369 shares during the period. Finally, First National Bank of Mount Dora Trust Investment Services boosted its holdings in AT&T by 41.8% during the 2nd quarter. First National Bank of Mount Dora Trust Investment Services now owns 39,184 shares of the technology company’s stock valued at $1,479,000 after acquiring an additional 11,547 shares during the period. 55.76% of the stock is owned by hedge funds and other institutional investors.

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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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