Saturday, July 7, 2018

Investors Buy AT&T (T) on Weakness

Traders bought shares of AT&T Inc. (NYSE:T) on weakness during trading hours on Thursday. $303.51 million flowed into the stock on the tick-up and $177.90 million flowed out of the stock on the tick-down, for a money net flow of $125.61 million into the stock. Of all equities tracked, AT&T had the highest net in-flow for the day. AT&T traded down ($0.11) for the day and closed at $32.60

A number of equities analysts recently commented on T shares. Guggenheim started coverage on AT&T in a research note on Tuesday, March 13th. They issued a “buy” rating and a $42.00 price objective on the stock. Zacks Investment Research lowered AT&T from a “buy” rating to a “hold” rating in a research note on Tuesday, March 13th. Vetr raised AT&T from a “buy” rating to a “strong-buy” rating and set a $39.68 price objective on the stock in a research note on Friday, March 23rd. Wells Fargo & Co dropped their price target on AT&T from $48.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, March 23rd. Finally, HSBC raised AT&T from a “hold” rating to a “buy” rating and boosted their price target for the company from $34.90 to $41.00 in a research note on Wednesday, March 28th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $39.69.

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The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $200.81 billion, a price-to-earnings ratio of 10.71, a P/E/G ratio of 2.80 and a beta of 0.42.

AT&T (NYSE:T) last issued its earnings results on Wednesday, April 25th. The technology company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.02). AT&T had a return on equity of 14.46% and a net margin of 19.25%. The firm had revenue of $38.04 billion for the quarter, compared to analyst estimates of $39.36 billion. During the same period in the previous year, the company earned $0.74 earnings per share. AT&T’s revenue for the quarter was down 3.4% compared to the same quarter last year. equities research analysts predict that AT&T Inc. will post 3.42 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 1st. Stockholders of record on Tuesday, July 10th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.12%. The ex-dividend date is Monday, July 9th. AT&T’s payout ratio is 65.57%.

Institutional investors have recently made changes to their positions in the stock. Earnest Partners LLC bought a new position in AT&T in the 4th quarter valued at $113,000. Braun Bostich & Associates Inc. bought a new position in AT&T in the 1st quarter valued at $137,000. Delphi Private Advisors LLC grew its stake in AT&T by 416.0% in the 4th quarter. Delphi Private Advisors LLC now owns 4,278 shares of the technology company’s stock valued at $166,000 after purchasing an additional 3,449 shares during the period. Elmwood Wealth Management Inc. bought a new position in AT&T in the 1st quarter valued at $178,000. Finally, Cerebellum GP LLC bought a new position in AT&T in the 2nd quarter valued at $178,000. Institutional investors and hedge funds own 54.94% of the company’s stock.

About AT&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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