AT&T Inc. (NYSE:T) – Stock analysts at Oppenheimer Holdings boosted their FY2017 EPS estimates for shares of AT&T in a research report issued to clients and investors on Friday. Oppenheimer Holdings analyst T. Horan now expects that the brokerage will post earnings of $3.13 per share for the year, up from their previous forecast of $3.10. Oppenheimer Holdings also issued estimates for AT&T’s FY2018 earnings at $3.28 EPS.
AT&T (NYSE:T) last announced its 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 return on equity of 13.93% and a net margin of 8.76%. The firm earned $40.50 billion during the quarter, compared to analyst estimates of $40.75 billion.
T has been the topic of several other reports. Robert W. Baird restated a “neutral” rating and set a $41.00 price target on shares of AT&T in a research report on Tuesday, June 28th. Deutsche Bank AG restated a “buy” rating and set a $45.00 price target on shares of AT&T in a research report on Tuesday, October 11th. Citigroup Inc. downgraded AT&T from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $42.00 to $46.00 in a report on Thursday, July 7th. They noted that the move was a valuation call. Zacks Investment Research downgraded AT&T from a “buy” rating to a “hold” rating in a report on Monday, July 25th. Finally, FBR & Co boosted their target price on AT&T from $38.00 to $42.00 and gave the stock a “market perform” rating in a report on Friday, July 22nd. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $41.86.
Shares of AT&T (NYSE:T) opened at 39.22 on Monday. The stock has a market capitalization of $241.28 billion, a price-to-earnings ratio of 16.91 and a beta of 0.30. AT&T has a 12 month low of $32.22 and a 12 month high of $43.89. The stock’s 50 day moving average price is $40.33 and its 200 day moving average price is $40.51.
Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of AT&T by 2.6% in the second quarter. Vanguard Group Inc. now owns 384,136,905 shares of the company’s stock worth $16,598,555,000 after buying an additional 9,838,198 shares during the period. BlackRock Institutional Trust Company N.A. boosted its position in shares of AT&T by 0.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 162,390,830 shares of the company’s stock worth $6,360,849,000 after buying an additional 656,641 shares during the period. BlackRock Fund Advisors boosted its position in shares of AT&T by 6.4% in the second quarter. BlackRock Fund Advisors now owns 84,651,726 shares of the company’s stock worth $3,657,801,000 after buying an additional 5,072,060 shares during the period. FMR LLC boosted its position in shares of AT&T by 6.4% in the second quarter. FMR LLC now owns 80,965,668 shares of the company’s stock worth $3,498,528,000 after buying an additional 4,882,241 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of AT&T by 0.5% in the second quarter. Dimensional Fund Advisors LP now owns 52,389,851 shares of the company’s stock worth $2,263,512,000 after buying an additional 275,739 shares during the period. Hedge funds and other institutional investors own 53.62% of the company’s stock.
In other AT&T news, CEO John T. Stankey sold 2,131 shares of the firm’s stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $43.38, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.07% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 1st. Shareholders of record on Monday, October 10th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 4.90%. The ex-dividend date is Wednesday, October 5th. AT&T’s dividend payout ratio is presently 83.12%.
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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