Traders Sell AT&T Inc. (T) on Strength (T)
Traders sold shares of AT&T Inc. (NYSE:T) on strength during trading hours on Tuesday. $74.00 million flowed into the stock on the tick-up and $119.88 million flowed out of the stock on the tick-down, for a money net flow of $45.88 million out of the stock. Of all stocks tracked, AT&T had the 0th highest net out-flow for the day. AT&T traded up $0.32 for the day and closed at $41.00
A number of equities research analysts have recently weighed in on T shares. Barclays PLC started coverage on AT&T in a research note on Monday, June 27th. They set a “buy” rating for the company. Jefferies Group reissued a “buy” rating on shares of AT&T in a research note on Sunday, June 5th. Bank of America Corp. reissued a “buy” rating on shares of AT&T in a research note on Thursday, May 19th. DA Davidson raised their price objective on AT&T from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, May 17th. Finally, Drexel Hamilton reissued a “buy” rating and issued a $44.00 price objective on shares of AT&T in a research note on Thursday, May 12th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and sixteen have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $41.34.
The stock has a market capitalization of $251.56 billion and a P/E ratio of 17.63. The firm has a 50 day moving average price of $42.38 and a 200-day moving average price of $40.01.
AT&T (NYSE:T) last issued its quarterly earnings results on Thursday, July 21st. The company reported $0.72 earnings per share (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 analyst estimates of $40.75 billion. Analysts forecast that AT&T Inc. will post $2.86 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, August 1st. Investors of record on Friday, July 8th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 4.70%. The ex-dividend date of this dividend was Wednesday, July 6th.
In related news, CEO John T. Stankey sold 2,131 shares of the 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 sale, the chief executive officer now owns 13,583 shares of the company’s stock, valued at $589,230.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of large investors recently modified their holdings of T. AMG National Trust Bank increased its stake 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 in the last quarter. Arvest Trust Co increased its stake in shares of 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. Harris Associates L P bought a new stake in shares of AT&T during the fourth quarter worth about $1,488,000. Alpha Cubed Investments LLC increased its stake in shares of AT&T by 1.5% in the fourth quarter. Alpha Cubed Investments LLC now owns 44,422 shares of the company’s stock worth $1,529,000 after buying an additional 660 shares in the last quarter. Finally, PBWM Holdings LLC increased its stake in shares of AT&T by 5.5% in the fourth quarter. PBWM Holdings LLC now owns 53,014 shares of the company’s stock worth $1,824,000 after buying an additional 2,761 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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