AT&T Inc. (NYSE:T) announced a dividend on Friday, September 30th. Shareholders of record on Monday, October 10th will be paid a dividend of 0.48 per share on Tuesday, November 1st. The ex-dividend date of this dividend is Wednesday, October 5th.
Shares of AT&T (NYSE:T) traded up 0.20% during midday trading on Friday, hitting $40.81. 6,576,773 shares of the company’s stock were exchanged. The firm has a market cap of $251.06 billion, a PE ratio of 17.60 and a beta of 0.28. AT&T has a one year low of $32.19 and a one year high of $43.89. The stock’s 50-day moving average price is $41.05 and its 200 day moving average price is $40.46.
AT&T (NYSE:T) last issued its quarterly earnings data on Thursday, July 21st. The company reported $0.72 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.72. AT&T had a net margin of 8.76% and a return on equity of 13.93%. The company earned $40.50 billion during the quarter, compared to the consensus estimate of $40.75 billion. Equities research analysts forecast that AT&T will post $2.86 EPS for the current year.
A number of research firms have recently weighed in on T. Jefferies Group reissued a “buy” rating and set a $48.00 price target on shares of AT&T in a research report on Thursday, September 15th. Barclays PLC reissued a “buy” rating and set a $45.00 price target on shares of AT&T in a research report on Monday. Zacks Investment Research raised shares of AT&T from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research report on Tuesday, July 5th. Finally, Vetr downgraded shares of AT&T from a “buy” rating to a “hold” rating and set a $41.37 price target for the company. in a research report on Tuesday, June 7th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fifteen have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $41.43.
In other AT&T news, CEO John T. Stankey sold 2,131 shares of AT&T stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $43.38, for a total transaction of $92,442.78. Following the transaction, the chief executive officer now owns 13,583 shares of the company’s stock, valued at approximately $589,230.54. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.07% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Wealthcare Capital Management LLC purchased a new stake in shares of AT&T during the second quarter valued at about $117,000. Westbourne Investment Advisors Inc. purchased a new stake in shares of AT&T during the second quarter valued at about $155,000. Eagle Global Advisors LLC purchased a new stake in shares of AT&T during the second quarter valued at about $204,000. Midwest Investment Management LLC purchased a new stake in shares of AT&T during the second quarter valued at about $204,000. Finally, Cable Hill Partners LLC raised its stake in shares of AT&T by 4.8% in the second quarter. Cable Hill Partners LLC now owns 5,020 shares of the company’s stock valued at $219,000 after buying an additional 229 shares in the last quarter. Institutional investors and hedge funds own 53.64% of the company’s stock.
AT&T Company Profile
AT&T Inc is a holding company. The Company offers communications and digital entertainment services in the United States and the world. It operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Business Solutions segment includes various categories, including wireless service, fixed strategic services, legacy voice and data services, other services and wireless equipment.
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