Investors Buy AT&T (T) on Weakness

Investors bought shares of AT&T Inc. (NYSE:T) on weakness during trading on Thursday. $395.65 million flowed into the stock on the tick-up and $239.85 million flowed out of the stock on the tick-down, for a money net flow of $155.80 million into the stock. Of all equities tracked, AT&T had the 8th highest net in-flow for the day. AT&T traded down ($0.20) for the day and closed at $30.53

T has been the subject of a number of recent research reports. Bank of America set a $37.00 target price on shares of AT&T and gave the company a “buy” rating in a research report on Tuesday, October 23rd. ValuEngine raised shares of AT&T from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 12th. JPMorgan Chase & Co. raised shares of AT&T from a “neutral” rating to an “overweight” rating and set a $38.00 target price for the company in a research report on Monday, December 3rd. Macquarie reissued a “buy” rating and issued a $35.00 target price on shares of AT&T in a research report on Wednesday, September 12th. Finally, Wells Fargo & Co cut shares of AT&T from an “outperform” rating to a “market perform” rating and set a $40.00 price objective for the company. in a research report on Wednesday, August 22nd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $36.42.

The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $187.42 billion, a price-to-earnings ratio of 9.88, a PEG ratio of 1.68 and a beta of 0.44.

AT&T (NYSE:T) last posted its earnings results on Wednesday, October 24th. The technology company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.04). The company had revenue of $45.74 billion during the quarter, compared to the consensus estimate of $45.73 billion. AT&T had a return on equity of 13.61% and a net margin of 20.40%. The firm’s revenue was up 15.3% compared to the same quarter last year. During the same period last year, the company posted $0.74 EPS. Equities analysts predict that AT&T Inc. will post 3.51 earnings per share for the current fiscal year.

In related news, Director Michael B. Mccallister bought 4,000 shares of the company’s stock in a transaction dated Friday, October 26th. The stock was purchased at an average price of $29.14 per share, with a total value of $116,560.00. Following the completion of the acquisition, the director now owns 7,361 shares of the company’s stock, valued at $214,499.54. The purchase was disclosed in a document filed with the SEC, which is available through this link. 0.09% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. Stumpf Capital Management LLC increased its stake in shares of AT&T by 24.8% in the third quarter. Stumpf Capital Management LLC now owns 95,960 shares of the technology company’s stock valued at $3,222,000 after buying an additional 19,060 shares during the period. Matthew Goff Investment Advisor LLC acquired a new position in shares of AT&T in the third quarter valued at approximately $279,000. Burleson & Company LLC increased its stake in shares of AT&T by 77.7% in the third quarter. Burleson & Company LLC now owns 123,576 shares of the technology company’s stock valued at $3,751,000 after buying an additional 54,034 shares during the period. Great Lakes Advisors LLC increased its stake in shares of AT&T by 2.2% in the third quarter. Great Lakes Advisors LLC now owns 68,734 shares of the technology company’s stock valued at $2,308,000 after buying an additional 1,479 shares during the period. Finally, GFS Advisors LLC increased its stake in shares of AT&T by 2.0% in the third quarter. GFS Advisors LLC now owns 212,295 shares of the technology company’s stock valued at $7,129,000 after buying an additional 4,109 shares during the period. 63.61% of the stock is owned by hedge funds and other institutional investors.

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About AT&T (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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