AT&T Inc. (T) Sees Large Volume Increase
AT&T Inc. (NYSE:T) saw unusually-high trading volume on Friday . Approximately 17,355,433 shares traded hands during trading, a decline of 8% from the previous session’s volume of 18,913,941 shares.The stock last traded at $40.74 and had previously closed at $41.40.
T has been the topic of a number of research analyst reports. FBR & Co reaffirmed a “hold” rating and set a $38.00 price objective on shares of AT&T in a research report on Wednesday, April 27th. Robert W. Baird reaffirmed a “neutral” rating and set a $41.00 price objective on shares of AT&T in a research report on Tuesday, June 28th. Citigroup Inc. downgraded 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 research report on Thursday, July 7th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of AT&T from a “buy” rating to a “hold” rating in a research report on Monday, July 25th. Finally, Jefferies Group raised shares of AT&T to a “buy” rating and set a $44.00 target price for the company in a research report on Wednesday, April 27th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $41.34.
The company has a 50 day moving average price of $42.76 and a 200 day moving average price of $39.74. The company has a market cap of $252.29 billion and a PE ratio of 17.68.
AT&T (NYSE:T) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.72 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.72. The company had revenue of $40.50 billion for the quarter, compared to the consensus estimate of $40.75 billion. On average, equities research analysts forecast that AT&T Inc. will post $2.86 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 1st. Shareholders of record on Friday, July 8th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Wednesday, July 6th. This represents a $1.92 dividend on an annualized basis and a yield of 4.68%.
In other news, CEO John T. Stankey sold 2,131 shares of AT&T 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 completion of the sale, the chief executive officer now owns 13,583 shares of the company’s stock, valued at $589,230.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several large investors have recently bought and sold shares of the company. Taylor Cottrill LLC increased its stake in AT&T by 1.8% in the fourth quarter. Taylor Cottrill LLC now owns 29,697 shares of the company’s stock worth $1,022,000 after buying an additional 535 shares in the last quarter. AMG National Trust Bank increased its stake in AT&T by 1.3% in the fourth quarter. AMG National Trust Bank now owns 30,059 shares of the company’s stock worth $1,034,000 after buying an additional 382 shares in the last quarter. West Chester Capital Advisors Inc. increased its stake in AT&T by 1.7% in the fourth quarter. West Chester Capital Advisors Inc. now owns 31,397 shares of the company’s stock worth $1,080,000 after buying an additional 531 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its stake in AT&T by 8.2% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 35,086 shares of the company’s stock worth $1,207,000 after buying an additional 2,658 shares in the last quarter. Finally, Arvest Trust Co increased its stake in AT&T by 10.1% in the fourth quarter. Arvest Trust Co now owns 36,114 shares of the company’s stock worth $1,243,000 after buying an additional 3,313 shares in the last quarter.
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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