Investors sold shares of AT&T Inc. (NYSE:T) on strength during trading on Thursday. $83.58 million flowed into the stock on the tick-up and $131.66 million flowed out of the stock on the tick-down, for a money net flow of $48.08 million out of the stock. Of all companies tracked, AT&T had the 0th highest net out-flow for the day. AT&T traded up $0.20 for the day and closed at $41.07

T has been the subject of several recent analyst reports. Zacks Investment Research raised shares of AT&T from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research note on Tuesday, July 5th. Jefferies Group reaffirmed a “buy” rating on shares of AT&T in a research note on Wednesday, August 3rd. S&P Equity Research set a $46.00 price objective on shares of AT&T and gave the company a “buy” rating in a research note on Sunday, July 24th. Robert W. Baird reaffirmed a “neutral” rating and set a $41.00 price objective on shares of AT&T in a research note on Monday, July 25th. Finally, Citigroup Inc. downgraded shares of AT&T from a “buy” rating to a “neutral” rating and upped their price objective for the company from $42.00 to $46.00 in a research note on Thursday, July 7th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and sixteen have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $41.34.

The firm has a market cap of $250.26 billion and a price-to-earnings ratio of 17.54. The firm has a 50-day moving average of $42.47 and a 200-day moving average of $39.89.

AT&T (NYSE:T) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.72 EPS for the quarter, meeting the consensus estimate of $0.72. The business earned $40.50 billion during the quarter, compared to the consensus estimate of $40.75 billion. Analysts predict that AT&T Inc. will post $2.86 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, August 1st. Stockholders of record on Friday, July 8th were issued a $0.48 dividend. The ex-dividend date of this dividend was Wednesday, July 6th. This represents a $1.92 annualized dividend and a dividend yield of 4.72%.

In other news, CEO John T. Stankey sold 2,131 shares of the business’s 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 completion of the sale, 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 SEC, which is available at the SEC website.

Several hedge funds and institutional investors have recently modified their holdings of the company. Adirondack Trust Co. increased its position in shares of AT&T by 0.4% in the fourth quarter. Adirondack Trust Co. now owns 66,259 shares of the company’s stock worth $2,389,000 after buying an additional 291 shares during the last quarter. Sigma Investment Counselors Inc. increased its position in shares of AT&T by 0.4% in the fourth quarter. Sigma Investment Counselors Inc. now owns 79,153 shares of the company’s stock worth $2,724,000 after buying an additional 293 shares during the last quarter. AMG National Trust Bank increased its position in shares of 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 during the last quarter. West Chester Capital Advisors Inc. increased its position in shares of 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 during the last quarter. Finally, Taylor Cottrill LLC increased its position in shares of 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 during 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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