Investors Buy AT&T (T) on Weakness

Investors bought shares of AT&T Inc. (NYSE:T) on weakness during trading on Friday. $181.37 million flowed into the stock on the tick-up and $98.84 million flowed out of the stock on the tick-down, for a money net flow of $82.53 million into the stock. Of all stocks tracked, AT&T had the 8th highest net in-flow for the day. AT&T traded down ($0.23) for the day and closed at $32.26

Several equities research analysts have weighed in on the stock. Jefferies Financial Group cut shares of AT&T from a “buy” rating to a “hold” rating and dropped their price target for the company from $39.80 to $31.17 in a research report on Thursday, June 7th. Macquarie reissued a “buy” rating and set a $40.00 price target on shares of AT&T in a research report on Sunday, April 29th. Moffett Nathanson cut shares of AT&T from a “neutral” rating to a “sell” rating and dropped their price target for the company from $35.00 to $28.00 in a research report on Wednesday, June 13th. UBS Group dropped their price target on shares of AT&T from $39.00 to $37.00 and set a “neutral” rating for the company in a research report on Thursday, April 26th. Finally, Raymond James dropped their price target on shares of AT&T from $44.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, April 26th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. AT&T presently has a consensus rating of “Buy” and a consensus price target of $38.21.

The stock has a market cap of $199.46 billion, a P/E ratio of 10.58, a PEG ratio of 2.69 and a beta of 0.43. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.92.



AT&T (NYSE:T) last announced its quarterly earnings results on Tuesday, July 24th. The technology company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.06. The firm had revenue of $38.99 billion for the quarter, compared to the consensus estimate of $38.45 billion. AT&T had a net margin of 20.12% and a return on equity of 13.64%. The business’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.79 EPS. analysts anticipate that AT&T Inc. will post 3.53 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 1st. Stockholders of record on Tuesday, July 10th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.20%. The ex-dividend date was Monday, July 9th. AT&T’s payout ratio is presently 65.57%.

In other AT&T news, Director Piazza Samuel A. Jr. Di acquired 7,690 shares of the company’s stock in a transaction that occurred on Wednesday, August 8th. The shares were bought at an average price of $32.48 per share, with a total value of $249,771.20. Following the completion of the acquisition, the director now owns 31,405 shares in the company, valued at approximately $1,020,034.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Matthew K. Rose acquired 65,500 shares of the company’s stock in a transaction that occurred on Thursday, July 26th. The stock was acquired at an average cost of $30.51 per share, for a total transaction of $1,998,405.00. Following the acquisition, the director now owns 81,319 shares of the company’s stock, valued at approximately $2,481,042.69. The disclosure for this purchase can be found here. Company insiders own 0.09% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Earnest Partners LLC bought a new stake in AT&T in the fourth quarter worth $113,000. Price Wealth Management Inc. increased its position in AT&T by 165.1% in the second quarter. Price Wealth Management Inc. now owns 3,314 shares of the technology company’s stock worth $106,000 after purchasing an additional 2,064 shares during the last quarter. Braun Bostich & Associates Inc. bought a new stake in AT&T in the first quarter worth $137,000. CKW Financial Group increased its position in AT&T by 105.0% in the second quarter. CKW Financial Group now owns 4,215 shares of the technology company’s stock worth $135,000 after purchasing an additional 2,159 shares during the last quarter. Finally, Delphi Private Advisors LLC increased its position in AT&T by 416.0% in the fourth quarter. Delphi Private Advisors LLC now owns 4,278 shares of the technology company’s stock worth $166,000 after purchasing an additional 3,449 shares during the last quarter. Institutional investors own 55.40% of the company’s stock.

AT&T Company Profile

AT&T Inc provides communications and digital entertainment services. The company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment offers wireless services, strategic services, legacy voice, data services, wireless equipment, and other services to multinational companies, governmental and wholesale customers, and individual subscribers.

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