Traders Sell AT&T (T) on Strength (T)

Investors sold shares of AT&T Inc. (NYSE:T) on strength during trading hours on Monday. $134.23 million flowed into the stock on the tick-up and $300.07 million flowed out of the stock on the tick-down, for a money net flow of $165.84 million out of the stock. Of all companies tracked, AT&T had the 4th highest net out-flow for the day. AT&T traded up $0.16 for the day and closed at $29.71

T has been the topic of several recent analyst reports. Bank of America set a $37.00 target price on shares of AT&T and gave the stock a “buy” rating in a research report on Tuesday, October 23rd. Cowen restated a “buy” rating and set a $35.00 target price on shares of AT&T in a research report on Thursday, January 31st. JPMorgan Chase & Co. upgraded shares of AT&T from a “neutral” rating to an “overweight” rating and set a $38.00 target price on the stock in a research report on Monday, December 3rd. Robert W. Baird lowered their target price on shares of AT&T from $38.00 to $35.00 and set an “outperform” rating on the stock in a research report on Thursday, October 25th. Finally, Scotiabank set a $32.00 target price on shares of AT&T and gave the stock a “hold” rating in a research report on Thursday, October 25th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $35.89.

The stock has a market cap of $181.41 billion, a P/E ratio of 8.44, a P/E/G ratio of 1.25 and a beta of 0.54. The company has a current ratio of 0.80, a quick ratio of 0.81 and a debt-to-equity ratio of 0.86.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, January 30th. The technology company reported $0.86 EPS for the quarter, meeting the consensus estimate of $0.86. The business had revenue of $47.99 billion for the quarter, compared to analyst estimates of $48.50 billion. AT&T had a net margin of 11.34% and a return on equity of 13.47%. The company’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.78 earnings per share. Research analysts expect that AT&T Inc. will post 3.59 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, February 1st. Stockholders of record on Thursday, January 10th were given a $0.51 dividend. The ex-dividend date was Wednesday, January 9th. This is a positive change from AT&T’s previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a dividend yield of 6.87%. AT&T’s dividend payout ratio is currently 57.95%.

In other news, CEO John T. Stankey sold 3,748 shares of the stock in a transaction that occurred on Thursday, January 31st. The shares were sold at an average price of $29.84, for a total value of $111,840.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.09% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. NuWave Investment Management LLC purchased a new position in AT&T during the fourth quarter worth approximately $40,000. WealthTrust Arizona LLC raised its stake in AT&T by 76.2% during the fourth quarter. WealthTrust Arizona LLC now owns 1,427 shares of the technology company’s stock worth $41,000 after purchasing an additional 617 shares during the period. Smart Portfolios LLC raised its stake in AT&T by 44.8% during the fourth quarter. Smart Portfolios LLC now owns 1,615 shares of the technology company’s stock worth $46,000 after purchasing an additional 500 shares during the period. Mackey Komara & Dankovich LLC purchased a new position in AT&T during the fourth quarter worth approximately $76,000. Finally, Creative Financial Designs Inc. ADV raised its stake in AT&T by 86.3% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 2,696 shares of the technology company’s stock worth $77,000 after purchasing an additional 1,249 shares during the period. 64.77% of the stock is currently owned by institutional investors and hedge funds.

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AT&T Company Profile (NYSE:T)

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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