Traders purchased shares of AT&T Inc. (NYSE:T) on weakness during trading on Tuesday. $230.20 million flowed into the stock on the tick-up and $126.55 million flowed out of the stock on the tick-down, for a money net flow of $103.65 million into the stock. Of all stocks tracked, AT&T had the 10th highest net in-flow for the day. AT&T traded down ($0.15) for the day and closed at $33.76
A number of analysts have recently issued reports on T shares. Zacks Investment Research raised AT&T from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research report on Tuesday, July 17th. Macquarie reissued a “buy” rating and issued a $40.00 price objective on shares of AT&T in a report on Wednesday, May 30th. Bank of America raised AT&T from a “neutral” rating to a “buy” rating and set a $37.00 price objective for the company in a report on Monday, July 30th. They noted that the move was a valuation call. UBS Group raised AT&T from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $33.00 to $38.00 in a report on Friday, September 21st. They noted that the move was a valuation call. Finally, Jefferies Financial Group lowered AT&T from a “buy” rating to a “hold” rating and lowered their price objective for the company from $39.80 to $31.17 in a report on Thursday, June 7th. Three research 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 “Hold” and an average price target of $38.09.
The company has a debt-to-equity ratio of 0.92, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market cap of $207.25 billion, a P/E ratio of 10.29, a P/E/G ratio of 2.69 and a beta of 0.40.
In related news, Director Piazza Samuel A. Jr. Di bought 7,690 shares of the firm’s stock in a transaction on Wednesday, August 8th. The stock was bought at an average cost of $32.48 per share, for a total transaction of $249,771.20. Following the completion of the purchase, the director now directly owns 31,405 shares in the company, valued at approximately $1,020,034.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Matthew K. Rose bought 65,500 shares of the firm’s stock in a transaction on Thursday, July 26th. The stock was bought at an average price of $30.51 per share, with a total value of $1,998,405.00. Following the completion of the purchase, the director now owns 81,319 shares of the company’s stock, valued at $2,481,042.69. The disclosure for this purchase can be found here. Insiders own 0.09% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. HC Financial Advisors Inc. purchased a new stake in AT&T in the fourth quarter valued at approximately $1,136,000. Ascend Capital LLC raised its stake in AT&T by 166.1% in the fourth quarter. Ascend Capital LLC now owns 1,132,005 shares of the technology company’s stock valued at $44,012,000 after purchasing an additional 706,635 shares in the last quarter. Mackenzie Financial Corp raised its stake in AT&T by 4,507.9% in the fourth quarter. Mackenzie Financial Corp now owns 1,527,341 shares of the technology company’s stock valued at $59,383,000 after purchasing an additional 1,494,195 shares in the last quarter. Martin Capital Partners LLC purchased a new stake in AT&T in the fourth quarter valued at approximately $2,013,000. Finally, Lipe & Dalton raised its stake in AT&T by 35.0% in the fourth quarter. Lipe & Dalton now owns 12,720 shares of the technology company’s stock valued at $495,000 after purchasing an additional 3,300 shares in the last quarter. Institutional investors and hedge funds own 64.57% of the company’s stock.
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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