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

Investors sold shares of AT&T Inc. (NYSE:T) on strength during trading hours on Tuesday. $140.63 million flowed into the stock on the tick-up and $285.10 million flowed out of the stock on the tick-down, for a money net flow of $144.47 million out of the stock. Of all stocks tracked, AT&T had the 2nd highest net out-flow for the day. AT&T traded up $0.18 for the day and closed at $37.44

A number of research analysts have recently issued reports on the stock. Jefferies Group restated a “buy” rating and issued a $36.38 price target (down from $48.00) on shares of AT&T in a research report on Friday, December 1st. Zacks Investment Research downgraded shares of AT&T from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Vetr upgraded shares of AT&T from a “buy” rating to a “strong-buy” rating and set a $40.58 price target on the stock in a research report on Monday, October 16th. Deutsche Bank reduced their price target on shares of AT&T from $41.00 to $38.00 and set a “hold” rating on the stock in a research report on Wednesday, October 25th. Finally, Moffett Nathanson restated a “neutral” rating on shares of AT&T in a research report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $42.41.

The company has a debt-to-equity ratio of 1.23, a current ratio of 1.60 and a quick ratio of 1.60. The firm has a market capitalization of $229,840.00, a price-to-earnings ratio of 18.00, a price-to-earnings-growth ratio of 2.99 and a beta of 0.44.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.34%. The ex-dividend date of this dividend is Tuesday, January 9th. This is a boost from AT&T’s previous quarterly dividend of $0.49. AT&T’s dividend payout ratio (DPR) is 96.15%.

Hedge funds have recently added to or reduced their stakes in the stock. New Capital Management LP increased its stake in AT&T by 130.9% during 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 period. Financial Engines Advisors L.L.C. acquired a new position in AT&T during the 3rd quarter valued at about $104,000. Macroview Investment Management LLC increased its stake in AT&T by 144.3% during 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 period. Mountain Capital Investment Advisors Inc acquired a new position in AT&T during the 2nd quarter valued at about $134,000. Finally, CKW Financial Group increased its stake in AT&T by 83.9% during the 2nd quarter. CKW Financial Group now owns 3,780 shares of the technology company’s stock valued at $144,000 after buying an additional 1,724 shares during the period. 55.75% of the stock is currently owned by institutional investors and hedge funds.

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About AT&T

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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