AT&T Inc. (NYSE:T)‘s stock had its “buy” rating reiterated by Wells Fargo & Co. in a research report issued to clients and investors on Thursday.
Other analysts have also issued research reports about the stock. Zacks Investment Research raised shares of AT&T from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research report on Wednesday, June 29th. Deutsche Bank AG boosted their price target on shares of AT&T from $41.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, June 28th. Barclays PLC initiated coverage on shares of AT&T in a report on Monday, June 27th. They set a “buy” rating on the stock. Jefferies Group reaffirmed a “buy” rating and set a $44.00 target price on shares of AT&T in a report on Thursday, July 21st. Finally, S&P Equity Research set a $46.00 target price on shares of AT&T and gave the stock a “buy” rating in a report on Sunday, July 24th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have assigned a buy rating to the company. AT&T has a consensus rating of “Hold” and a consensus price target of $41.82.
Shares of AT&T (NYSE:T) opened at 38.87 on Thursday. AT&T has a 12 month low of $32.22 and a 12 month high of $43.89. The firm has a 50-day moving average of $40.58 and a 200-day moving average of $40.51. The firm has a market cap of $239.13 billion, a price-to-earnings ratio of 16.76 and a beta of 0.30.
AT&T (NYSE:T) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.72 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.72. AT&T had a net margin of 8.76% and a return on equity of 13.93%. The company had revenue of $40.50 billion for the quarter, compared to analyst estimates of $40.75 billion. On average, analysts anticipate that AT&T will post $2.86 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 1st. Investors of record on Monday, October 10th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $1.92 annualized dividend and a dividend yield of 4.94%. AT&T’s payout ratio is 83.12%.
In related 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 directly owns 13,583 shares in the company, valued at approximately $589,230.54. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.07% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of T. Advisory Services Network LLC raised its position in shares of AT&T by 7.2% in the third quarter. Advisory Services Network LLC now owns 81,124 shares of the company’s stock valued at $3,294,000 after buying an additional 5,463 shares during the last quarter. Nadler Financial Group Inc. increased its stake in shares of AT&T by 8.8% in the third quarter. Nadler Financial Group Inc. now owns 15,322 shares of the company’s stock valued at $622,000 after buying an additional 1,237 shares during the period. Sadoff Investment Management LLC increased its stake in shares of AT&T by 1.1% in the third quarter. Sadoff Investment Management LLC now owns 247,778 shares of the company’s stock valued at $10,062,000 after buying an additional 2,632 shares during the period. Central Bank & Trust Co. increased its stake in shares of AT&T by 114.4% in the third quarter. Central Bank & Trust Co. now owns 43,791 shares of the company’s stock valued at $1,778,000 after buying an additional 23,365 shares during the period. Finally, Lawson Kroeker Investment Management Inc. NE increased its stake in shares of AT&T by 5.6% in the third quarter. Lawson Kroeker Investment Management Inc. NE now owns 31,870 shares of the company’s stock valued at $1,294,000 after buying an additional 1,700 shares during the period. Institutional investors 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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