Traders Buy AT&T Inc. (T) on Weakness

Investors purchased shares of AT&T Inc. (NYSE:T) on weakness during trading on Thursday. $574.65 million flowed into the stock on the tick-up and $474.17 million flowed out of the stock on the tick-down, for a money net flow of $100.48 million into the stock. Of all equities tracked, AT&T had the 5th highest net in-flow for the day. AT&T traded down ($2.33) for the day and closed at $35.86

Several research analysts have issued reports on the stock. Macquarie restated a “buy” rating and set a $43.00 price target on shares of AT&T in a report on Friday, September 1st. Vetr upgraded shares of AT&T from a “buy” rating to a “strong-buy” rating and set a $44.24 price objective for the company in a research note on Thursday, September 28th. Zacks Investment Research upgraded shares of AT&T from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. KeyCorp reiterated a “hold” rating on shares of AT&T in a research note on Wednesday. Finally, Cowen and Company reiterated a “market perform” rating and issued a $41.00 price objective (down previously from $43.00) on shares of AT&T in a research note on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, twenty have issued a hold rating and eleven have issued a buy rating to the company’s stock. AT&T presently has a consensus rating of “Hold” and a consensus price target of $43.84.

The stock has a 50-day moving average price of $37.82 and a 200-day moving average price of $38.44. The stock has a market cap of $220.18 billion, a PE ratio of 16.85 and a beta of 0.49.

AT&T (NYSE:T) last released its quarterly earnings data on Tuesday, July 25th. The technology company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.74 by $0.05. AT&T had a return on equity of 14.53% and a net margin of 8.12%. The company had revenue of $39.84 billion during the quarter, compared to the consensus estimate of $39.84 billion. During the same period last year, the company earned $0.72 EPS. AT&T’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, analysts anticipate that AT&T Inc. will post $2.95 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th will be issued a $0.49 dividend. The ex-dividend date of this dividend is Friday, October 6th. This represents a $1.96 annualized dividend and a yield of 5.47%. AT&T’s payout ratio is 92.45%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Osborn Williams & Donohoe LLC increased its holdings in AT&T by 9.5% in the 3rd quarter. Osborn Williams & Donohoe LLC now owns 99,934 shares of the technology company’s stock worth $3,914,000 after buying an additional 8,710 shares in the last quarter. Curbstone Financial Management Corp increased its holdings in AT&T by 93.6% in the 3rd quarter. Curbstone Financial Management Corp now owns 65,208 shares of the technology company’s stock worth $2,554,000 after buying an additional 31,521 shares in the last quarter. Park National Corp OH increased its holdings in AT&T by 3.4% in the 3rd quarter. Park National Corp OH now owns 437,671 shares of the technology company’s stock worth $17,144,000 after buying an additional 14,411 shares in the last quarter. Bridges Investment Management Inc. increased its holdings in AT&T by 6.4% in the 3rd quarter. Bridges Investment Management Inc. now owns 38,960 shares of the technology company’s stock worth $1,526,000 after buying an additional 2,345 shares in the last quarter. Finally, Perpetual Ltd increased its holdings in AT&T by 13.2% in the 2nd quarter. Perpetual Ltd now owns 56,422 shares of the technology company’s stock worth $2,129,000 after buying an additional 6,600 shares in the last quarter. Institutional investors own 54.98% of the company’s stock.

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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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