Investors sold shares of AT&T Inc. (NYSE:T) on strength during trading hours on Wednesday. $71.99 million flowed into the stock on the tick-up and $129.38 million flowed out of the stock on the tick-down, for a money net flow of $57.39 million out of the stock. Of all stocks tracked, AT&T had the 4th highest net out-flow for the day. AT&T traded up $0.12 for the day and closed at $43.20

T has been the topic of a number of recent analyst reports. Nomura lifted their price target on shares of AT&T from $39.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, April 19th. Vetr raised shares of AT&T from a “hold” rating to a “buy” rating and set a $41.45 price target on the stock in a research report on Wednesday, April 20th. Zacks Investment Research raised shares of AT&T from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research report on Wednesday, April 20th. Cowen and Company reissued a “buy” rating and issued a $44.00 price target (up previously from $41.00) on shares of AT&T in a research report on Wednesday, April 27th. Finally, Jefferies Group raised shares of AT&T to a “buy” rating and set a $44.00 price target on the stock in a research report on Wednesday, April 27th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and seventeen have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $41.12.

The stock has a 50-day moving average of $42.72 and a 200-day moving average of $39.43. The company has a market capitalization of $265.77 billion and a P/E ratio of 18.63.

AT&T (NYSE:T) last released its earnings results on Thursday, July 21st. The company reported $0.72 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.72. The company had revenue of $40.50 billion for the quarter, compared to analyst estimates of $40.75 billion. Equities research analysts predict that AT&T Inc. will post $2.86 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, August 1st. Stockholders of record on Friday, July 8th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 4.44%. The ex-dividend date was Wednesday, July 6th.

In other news, CEO John T. Stankey sold 2,131 shares of the stock in a transaction 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 sale, the chief executive officer now directly owns 13,583 shares of the company’s stock, valued at approximately $589,230.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Other hedge funds have added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in AT&T by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 358,813,013 shares of the company’s stock valued at $12,346,756,000 after buying an additional 8,052,202 shares during the period. BlackRock Investment Management LLC raised its stake in AT&T by 1.8% in the fourth quarter. BlackRock Investment Management LLC now owns 12,437,381 shares of the company’s stock valued at $427,970,000 after buying an additional 216,374 shares during the period. Agran Libbie raised its stake in AT&T by 9,875.9% in the fourth quarter. Agran Libbie now owns 11,909,863 shares of the company’s stock valued at $4,098,000 after buying an additional 11,790,477 shares during the period. Thornburg Investment Management Inc. raised its stake in AT&T by 4.2% in the fourth quarter. Thornburg Investment Management Inc. now owns 11,761,123 shares of the company’s stock valued at $404,700,000 after buying an additional 478,000 shares during the period. Finally, BlackRock Advisors LLC raised its stake in AT&T by 2.9% in the fourth quarter. BlackRock Advisors LLC now owns 9,448,436 shares of the company’s stock valued at $325,121,000 after buying an additional 264,205 shares during the period.

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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