Vetr lowered shares of AT&T Inc. (NYSE:T) from a buy rating to a hold rating in a research note issued to investors on Wednesday. They currently have $40.78 price target on the stock.
Other research analysts also recently issued reports about the company. Jefferies Group restated a buy rating and issued a $44.00 price target on shares of AT&T in a research note on Thursday, July 21st. Barclays PLC restated a buy rating on shares of AT&T in a research note on Sunday, July 17th. Deutsche Bank AG restated a buy rating and issued a $45.00 price target on shares of AT&T in a research note on Sunday, July 17th. Zacks Investment Research upgraded AT&T from a hold rating to a buy rating and set a $47.00 price target for the company in a research note on Wednesday, June 29th. Finally, Wells Fargo & Co. restated a buy rating on shares of AT&T in a research note on Friday, July 22nd. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $41.86.
AT&T (NYSE:T) opened at 39.075 on Wednesday. AT&T has a 52 week low of $32.22 and a 52 week high of $43.89. The stock has a market capitalization of $240.39 billion, a P/E ratio of 16.850 and a beta of 0.30. The company has a 50 day moving average of $40.43 and a 200 day moving average of $40.52.
AT&T (NYSE:T) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.72 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.72. AT&T had a return on equity of 13.93% and a net margin of 8.76%. The business earned $40.50 billion during the quarter, compared to the consensus estimate of $40.75 billion. Equities analysts expect that AT&T will post $2.86 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 1st. Stockholders of record on Monday, October 10th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date of this dividend is Wednesday, October 5th. AT&T’s dividend payout ratio (DPR) is presently 83.12%.
In other news, CEO John T. Stankey sold 2,131 shares of AT&T stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $43.38, for a total value of $92,442.78. Following the sale, the chief executive officer now directly owns 13,583 shares of the company’s stock, valued at $589,230.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.07% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of T. Vanguard Group Inc. raised its position in AT&T by 2.6% in the second quarter. Vanguard Group Inc. now owns 384,136,905 shares of the company’s stock worth $16,598,555,000 after buying an additional 9,838,198 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in AT&T by 0.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 162,390,830 shares of the company’s stock worth $6,360,849,000 after buying an additional 656,641 shares during the period. BlackRock Fund Advisors raised its position in AT&T by 6.4% in the second quarter. BlackRock Fund Advisors now owns 84,651,726 shares of the company’s stock worth $3,657,801,000 after buying an additional 5,072,060 shares during the period. FMR LLC raised its position in AT&T by 6.4% in the second quarter. FMR LLC now owns 80,965,668 shares of the company’s stock worth $3,498,528,000 after buying an additional 4,882,241 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in AT&T by 0.5% in the second quarter. Dimensional Fund Advisors LP now owns 52,389,851 shares of the company’s stock worth $2,263,512,000 after buying an additional 275,739 shares during the period. 53.64% of the stock is currently owned by hedge funds and other institutional investors.
AT&T Inc is a holding company. The Company offers communications and digital entertainment services in the United States and the world. It operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Business Solutions segment includes various categories, including wireless service, fixed strategic services, legacy voice and data services, other services and wireless equipment.