Investors Sell Shares of AT&T (T) on Strength (T)

Investors sold shares of AT&T Inc. (NYSE:T) on strength during trading on Wednesday. $186.68 million flowed into the stock on the tick-up and $311.72 million flowed out of the stock on the tick-down, for a money net flow of $125.04 million out of the stock. Of all companies tracked, AT&T had the 33rd highest net out-flow for the day. AT&T traded up $0.10 for the day and closed at $36.93

A number of equities analysts have weighed in on the stock. ValuEngine cut shares of AT&T from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. SunTrust Banks increased their target price on shares of AT&T from $36.00 to $40.00 and gave the company a “hold” rating in a research report on Thursday, February 1st. KeyCorp increased their target price on shares of AT&T from $35.00 to $38.00 and gave the company a “sector weight” rating in a research report on Tuesday, January 2nd. Zacks Investment Research upgraded shares of AT&T from a “sell” rating to a “hold” rating in a research report on Tuesday, December 19th. Finally, Vetr cut shares of AT&T from a “buy” rating to a “hold” rating and set a $39.75 target price for the company. in a research report on Monday, December 18th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. AT&T has an average rating of “Hold” and an average price target of $41.94.

The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.60 and a current ratio of 0.97. The firm has a market capitalization of $221,310.00, a price-to-earnings ratio of 7.51, a PEG ratio of 2.55 and a beta of 0.37.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.13. AT&T had a net margin of 18.34% and a return on equity of 14.55%. The firm had revenue of $41.68 billion during the quarter, compared to analyst estimates of $41.21 billion. During the same quarter in the prior year, the firm posted $0.66 earnings per share. AT&T’s quarterly revenue was down .4% on a year-over-year basis. equities research analysts predict that AT&T Inc. will post 3.48 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Wednesday, January 10th were issued a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.55%. This is a positive change from AT&T’s previous quarterly dividend of $0.49. AT&T’s dividend payout ratio is currently 41.67%.

In related news, Director Richard W. Fisher bought 2,600 shares of the stock in a transaction on Monday, February 5th. The stock was bought at an average price of $38.10 per share, with a total value of $99,060.00. Following the completion of the purchase, the director now directly owns 2,600 shares in the company, valued at approximately $99,060. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John T. Stankey sold 2,307 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $39.21, for a total transaction of $90,457.47. Following the transaction, the executive vice president now directly owns 51,672 shares of the company’s stock, valued at approximately $2,026,059.12. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Vantage Financial Partners Ltd. Inc. purchased a new position in AT&T during the second quarter worth about $314,000. New Capital Management LP boosted its stake in shares of AT&T by 130.9% in the third quarter. New Capital Management LP now owns 2,646 shares of the technology company’s stock valued at $104,000 after purchasing an additional 1,500 shares during the period. Financial Engines Advisors L.L.C. purchased a new position in shares of AT&T in the third quarter valued at approximately $104,000. Macroview Investment Management LLC boosted its stake in shares of AT&T by 144.3% in the third quarter. Macroview Investment Management LLC now owns 2,700 shares of the technology company’s stock valued at $106,000 after purchasing an additional 1,595 shares during the period. Finally, Mountain Capital Investment Advisors Inc purchased a new position in shares of AT&T in the second quarter valued at approximately $134,000. 55.49% of the stock is owned by institutional investors.

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AT&T Company Profile

AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.

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