AT&T Inc. (NYSE:T) – Jefferies Group lowered their Q3 2016 EPS estimates for shares of AT&T in a report issued on Friday. Jefferies Group analyst M. Mccormack now anticipates that the firm will post earnings per share of $0.74 for the quarter, down from their previous forecast of $0.75. Jefferies Group currently has a “Buy” rating and a $48.00 price objective on the stock. Jefferies Group also issued estimates for AT&T’s Q4 2016 earnings at $0.65 EPS, FY2016 earnings at $2.84 EPS and FY2017 earnings at $3.01 EPS.
AT&T (NYSE:T) last announced its earnings results on Thursday, July 21st. The company reported $0.72 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.72. The company earned $40.50 billion during the quarter, compared to the consensus estimate of $40.75 billion. AT&T had a net margin of 8.76% and a return on equity of 13.93%.
Other equities research analysts also recently issued reports about the stock. Vetr downgraded shares of AT&T from a “hold” rating to a “sell” rating and set a $38.71 price target on the stock. in a research note on Tuesday, June 21st. Barclays PLC reissued a “buy” rating on shares of AT&T in a research note on Sunday, July 17th. S&P Equity Research set a $46.00 target price on shares of AT&T and gave the stock a “buy” rating in a research note on Sunday, July 24th. FBR & Co upped their target price on shares of AT&T from $38.00 to $42.00 and gave the stock a “market perform” rating in a research note on Friday, July 22nd. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $41.00 target price on shares of AT&T in a research note on Tuesday, June 28th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $41.62.
Shares of AT&T (NYSE:T) opened at 40.61 on Monday. The firm has a market capitalization of $249.83 billion, a P/E ratio of 17.51 and a beta of 0.28. The firm has a 50-day moving average of $40.97 and a 200 day moving average of $40.48. AT&T has a 52 week low of $32.22 and a 52 week high of $43.89.
Several institutional investors have recently made changes to their positions in T. Proficio Capital Partners LLC boosted its stake in shares of AT&T by 170.8% in the second quarter. Proficio Capital Partners LLC now owns 2,361 shares of the company’s stock worth $101,000 after buying an additional 1,489 shares during the last quarter. Taylor Wealth Management Partners boosted its stake in shares of AT&T by 38.1% in the second quarter. Taylor Wealth Management Partners now owns 2,539 shares of the company’s stock worth $110,000 after buying an additional 700 shares during the last quarter. WealthTrust Arizona LLC boosted its stake in shares of AT&T by 13.0% in the second quarter. WealthTrust Arizona LLC now owns 2,612 shares of the company’s stock worth $113,000 after buying an additional 300 shares during the last quarter. Wealthcare Capital Management LLC acquired a new stake in shares of AT&T during the second quarter worth approximately $117,000. Finally, Invictus RG boosted its stake in shares of AT&T by 266.4% in the first quarter. Invictus RG now owns 3,521 shares of the company’s stock worth $138,000 after buying an additional 2,560 shares during the last quarter. Institutional investors and hedge funds own 53.64% of the company’s stock.
In other news, CEO John T. Stankey sold 2,131 shares of the stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $43.38, for a total value of $92,442.78. Following the completion of the transaction, the chief executive officer now owns 13,583 shares in the company, valued at approximately $589,230.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.07% of the stock is currently owned by insiders.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 1st. Stockholders of record on Monday, October 10th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.73%. AT&T’s dividend payout ratio is presently 83.12%.
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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