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

Investors sold shares of AT&T Inc. (NYSE:T) on strength during trading 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 stocks 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

Several equities analysts have recently issued reports on the stock. Tigress Financial raised shares of AT&T from a “neutral” rating to a “buy” rating in a research note on Monday, October 22nd. Bank of America set a $37.00 price objective on shares of AT&T and gave the stock a “buy” rating in a research note on Tuesday, October 23rd. Scotiabank set a $32.00 price objective on shares of AT&T and gave the stock a “hold” rating in a research note on Thursday, October 25th. Robert W. Baird lowered their price objective on shares of AT&T from $38.00 to $35.00 and set an “outperform” rating on the stock in a research note on Thursday, October 25th. Finally, Argus reaffirmed a “buy” rating and issued a $48.00 price objective on shares of AT&T in a research note on Friday, October 26th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. AT&T currently has an average rating of “Buy” and a consensus target price of $35.89.

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

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

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

In other news, CEO John T. Stankey sold 3,748 shares of AT&T 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 filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.09% of the company’s stock.

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

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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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