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

Investors sold shares of AT&T Inc. (NYSE:T) on strength during trading on Thursday. $364.80 million flowed into the stock on the tick-up and $462.36 million flowed out of the stock on the tick-down, for a money net flow of $97.56 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 $1.71 for the day and closed at $39.16

T has been the subject of a number of research analyst reports. Oppenheimer reaffirmed a “hold” rating on shares of AT&T in a research report on Wednesday, October 25th. Citigroup boosted their target price on shares of AT&T from $52.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, November 10th. KeyCorp reissued a “hold” rating on shares of AT&T in a research report on Wednesday, October 11th. Zacks Investment Research cut shares of AT&T from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. Finally, Deutsche Bank reduced their target price on shares of AT&T from $41.00 to $38.00 and set a “hold” rating for the company in a research report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eleven have assigned a buy rating to the stock. AT&T presently has a consensus rating of “Hold” and a consensus target price of $42.57.

The stock has a market capitalization of $233,710.00, a P/E ratio of 7.93, a P/E/G ratio of 2.73 and a beta of 0.37. The company has a current ratio of 0.97, a quick ratio of 1.60 and a debt-to-equity ratio of 0.89.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.78 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 return on equity of 14.55% and a net margin of 18.34%. AT&T’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.66 earnings per share. equities research analysts anticipate that AT&T Inc. will post 3.49 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Wednesday, January 10th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 5.25%. The ex-dividend date was Tuesday, January 9th. This is an increase from AT&T’s previous quarterly dividend of $0.49. AT&T’s payout ratio is 41.67%.

In related news, EVP John T. Stankey sold 2,307 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $39.21, for a total value 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 $2,026,059.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.09% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of T. Telos Capital Management Inc. grew its holdings in shares of AT&T by 4.8% during the second quarter. Telos Capital Management Inc. now owns 69,994 shares of the technology company’s stock worth $2,641,000 after purchasing an additional 3,197 shares during the last quarter. Welch Investments LLC boosted its holdings in AT&T by 9.3% in the second quarter. Welch Investments LLC now owns 109,245 shares of the technology company’s stock valued at $4,122,000 after acquiring an additional 9,291 shares during the last quarter. Moors & Cabot Inc. boosted its holdings in AT&T by 11.3% in the second quarter. Moors & Cabot Inc. now owns 247,888 shares of the technology company’s stock valued at $9,373,000 after acquiring an additional 25,167 shares during the last quarter. Wedbush Securities Inc. boosted its holdings in AT&T by 9.7% in the second quarter. Wedbush Securities Inc. now owns 176,333 shares of the technology company’s stock valued at $6,653,000 after acquiring an additional 15,562 shares during the last quarter. Finally, Ingalls & Snyder LLC boosted its holdings in AT&T by 2.3% in the second quarter. Ingalls & Snyder LLC now owns 460,224 shares of the technology company’s stock valued at $17,364,000 after acquiring an additional 10,305 shares during the last quarter. 55.75% 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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