Several other research analysts have also issued reports on the stock. Deutsche Bank AG reissued a buy rating and set a $45.00 target price on shares of AT&T in a research note on Tuesday. Wells Fargo & Co. reissued a buy rating on shares of AT&T in a research note on Thursday, October 6th. Vetr raised shares of AT&T from a hold rating to a buy rating and set a $41.50 target price on the stock in a research note on Tuesday, October 4th. Zacks Investment Research lowered shares of AT&T from a hold rating to a sell rating in a research note on Monday, October 3rd. Finally, Barclays PLC reissued a buy rating and set a $45.00 target price on shares of AT&T in a research note on Monday, September 26th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have assigned a buy rating to the stock. AT&T currently has a consensus rating of Hold and an average price target of $41.86.
Shares of AT&T (NYSE:T) traded down 0.36% during midday trading on Wednesday, reaching $39.19. 6,652,194 shares of the company’s stock traded hands. The company has a 50 day moving average of $40.43 and a 200 day moving average of $40.52. The firm has a market cap of $241.10 billion, a PE ratio of 16.90 and a beta of 0.30. AT&T has a 52-week low of $32.22 and a 52-week high of $43.89.
AT&T (NYSE:T) last posted its quarterly earnings data on Thursday, July 21st. The company reported $0.72 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.72. AT&T had a net margin of 8.76% and a return on equity of 13.93%. The company earned $40.50 billion during the quarter, compared to analysts’ expectations of $40.75 billion. On average, equities analysts predict that AT&T will post $2.86 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 1st. Shareholders of record on Monday, October 10th will be given a dividend of $0.48 per share. The ex-dividend date is Wednesday, October 5th. This represents a $1.92 annualized dividend and a yield of 4.88%. AT&T’s payout ratio is presently 83.12%.
In other AT&T news, CEO John T. Stankey sold 2,131 shares of AT&T stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $43.38, for a total transaction of $92,442.78. Following the completion of the sale, the chief executive officer now directly owns 13,583 shares in the company, valued at $589,230.54. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.07% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake 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 last quarter. BlackRock Institutional Trust Company N.A. raised its stake 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 last quarter. BlackRock Fund Advisors raised its stake 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 last quarter. FMR LLC raised its stake 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 last quarter. Finally, Dimensional Fund Advisors LP raised its stake 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 last quarter. Institutional investors and hedge funds own 53.64% of the company’s stock.
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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