AT&T Inc. (NYSE:T) – Oppenheimer Holdings boosted their FY2017 earnings per share (EPS) estimates for AT&T in a research report issued to clients and investors on Friday. Oppenheimer Holdings analyst T. Horan now expects that the firm will post earnings per share of $3.13 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 issued its quarterly earnings data on Thursday, July 21st. The company reported $0.72 EPS for the quarter, hitting analysts’ consensus estimates of $0.72. AT&T had a net margin of 8.76% and a return on equity of 13.93%. The business had revenue of $40.50 billion for the quarter, compared to analyst estimates of $40.75 billion.
Other equities research analysts have also issued reports about the stock. Vetr lowered shares of AT&T from a “hold” rating to a “sell” rating and set a $38.71 target price on the stock. in a report on Tuesday, June 21st. Zacks Investment Research raised shares of AT&T from a “sell” rating to a “hold” rating in a report on Monday. Citigroup Inc. lowered shares of 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. Jefferies Group reissued a “buy” rating and set a $44.00 target price on shares of AT&T in a report on Thursday, July 21st. Finally, Nomura reissued a “buy” rating and set a $46.00 target price on shares of AT&T in a report on Wednesday, October 12th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $41.86.
Shares of AT&T (NYSE:T) traded down 0.140% during midday trading on Monday, hitting $39.215. 5,359,431 shares of the company were exchanged. The firm’s 50 day moving average price is $40.29 and its 200 day moving average price is $40.53. AT&T has a one year low of $32.22 and a one year high of $43.89. The firm has a market capitalization of $241.25 billion, a price-to-earnings ratio of 16.910 and a beta of 0.30.
A number of large investors have recently made changes to their positions in the stock. Family Firm Inc. increased its stake in shares of AT&T by 0.5% in the second quarter. Family Firm Inc. now owns 7,536 shares of the company’s stock worth $326,000 after buying an additional 35 shares in the last quarter. Delphi Private Advisors LLC increased its stake in shares of AT&T by 0.9% in the second quarter. Delphi Private Advisors LLC now owns 5,074 shares of the company’s stock worth $219,000 after buying an additional 44 shares in the last quarter. Cornerstone Investment Partners LLC increased its stake in shares of AT&T by 0.6% in the second quarter. Cornerstone Investment Partners LLC now owns 9,554 shares of the company’s stock worth $413,000 after buying an additional 54 shares in the last quarter. Cohen Lawrence B increased its stake in shares of AT&T by 0.4% in the second quarter. Cohen Lawrence B now owns 13,585 shares of the company’s stock worth $587,000 after buying an additional 60 shares in the last quarter. Finally, Highland Private Wealth Management increased its stake in shares of AT&T by 0.6% in the second quarter. Highland Private Wealth Management now owns 10,720 shares of the company’s stock worth $464,000 after buying an additional 60 shares in the last quarter. 53.62% of the stock is currently owned by institutional investors and hedge funds.
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 sale, the chief executive officer now directly owns 13,583 shares of the company’s stock, valued at $589,230.54. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.07% of the stock is currently owned by insiders.
The company 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. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date of this dividend is Wednesday, October 5th. AT&T’s payout ratio is 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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