AT&T Inc. (NYSE:T) declared a dividend on Friday, September 30th. Stockholders of record on Monday, October 10th will be given a dividend of 0.48 per share on Tuesday, November 1st. The ex-dividend date is Wednesday, October 5th.
AT&T (NYSE:T) traded up 0.12% on Friday, hitting $40.78. The stock had a trading volume of 7,054,297 shares. AT&T has a 1-year low of $32.19 and a 1-year high of $43.89. The stock has a market capitalization of $250.88 billion, a price-to-earnings ratio of 17.59 and a beta of 0.28. The company has a 50-day moving average price of $41.05 and a 200-day moving average price of $40.46.
AT&T (NYSE:T) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.72 earnings per share for the quarter, hitting the consensus estimate of $0.72. AT&T had a return on equity of 13.93% and a net margin of 8.76%. The company earned $40.50 billion during the quarter, compared to analyst estimates of $40.75 billion. Equities analysts predict that AT&T will post $2.86 earnings per share for the current year.
Several brokerages recently weighed in on T. Vetr lowered AT&T from a “hold” rating to a “sell” rating and set a $38.71 price objective for the company. in a report on Tuesday, June 21st. Barclays PLC reissued a “buy” rating on shares of AT&T in a report on Sunday, July 17th. S&P Equity Research set a $46.00 price target on AT&T and gave the company a “buy” rating in a research report on Sunday, July 24th. FBR & Co lifted their price target on AT&T from $38.00 to $42.00 and gave the company a “market perform” rating in a research report on Friday, July 22nd. Finally, Robert W. Baird reiterated a “neutral” rating and set a $41.00 price target on shares of AT&T in a research report on Tuesday, June 28th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fifteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $41.43.
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.
Institutional investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. boosted its position in AT&T by 34.6% in the second quarter. American Century Companies Inc. now owns 8,346,666 shares of the company’s stock valued at $360,659,000 after buying an additional 2,146,128 shares in the last quarter. Argent Trust Co purchased a new position in AT&T during the second quarter valued at $3,950,000. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its position in AT&T by 5.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 45,614 shares of the company’s stock valued at $1,970,000 after buying an additional 2,302 shares in the last quarter. Allegis Investment Advisors LLC boosted its position in AT&T by 9.1% in the second quarter. Allegis Investment Advisors LLC now owns 59,358 shares of the company’s stock valued at $2,525,000 after buying an additional 4,948 shares in the last quarter. Finally, Brave Asset Management Inc boosted its position in AT&T by 0.5% in the second quarter. Brave Asset Management Inc now owns 74,131 shares of the company’s stock valued at $3,203,000 after buying an additional 399 shares in 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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