Nomura reissued their buy rating on shares of AT&T Inc. (NYSE:T) in a research report report published on Wednesday. Nomura currently has a $46.00 target price on the stock.
Several other research firms have also commented on T. Zacks Investment Research upgraded AT&T from a hold rating to a buy rating and set a $49.00 price objective on the stock in a research report on Tuesday, July 5th. Jefferies Group restated a buy rating on shares of AT&T in a research report on Wednesday, August 3rd. S&P Equity Research set a $46.00 price objective on AT&T and gave the stock a buy rating in a research report on Sunday, July 24th. Robert W. Baird restated a neutral rating and issued a $41.00 price objective on shares of AT&T in a research report on Monday, July 25th. Finally, Citigroup Inc. lowered AT&T from a buy rating to a neutral rating and upped their price objective for the stock from $42.00 to $46.00 in a research report on Thursday, July 7th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have given a buy rating to the company. AT&T has a consensus rating of Hold and an average target price of $41.86.
AT&T (NYSE:T) opened at 39.22 on Wednesday. AT&T has a 12-month low of $32.22 and a 12-month high of $43.89. The stock has a market capitalization of $241.28 billion, a price-to-earnings ratio of 16.91 and a beta of 0.30. The company has a 50 day moving average of $40.33 and a 200-day moving average of $40.51.
AT&T (NYSE:T) last issued its earnings results on Thursday, July 21st. The company reported $0.72 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.72. The firm had revenue of $40.50 billion for the quarter, compared to analyst estimates of $40.75 billion. AT&T had a return on equity of 13.93% and a net margin of 8.76%. On average, equities research analysts forecast that AT&T will post $2.86 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 1st. Shareholders 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 yield of 4.90%. The ex-dividend date is Wednesday, October 5th. AT&T’s dividend payout ratio is currently 83.12%.
In other news, CEO John T. Stankey sold 2,131 shares of the firm’s stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $43.38, for a total transaction of $92,442.78. Following the sale, the chief executive officer now owns 13,583 shares of the company’s stock, valued at approximately $589,230.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.07% of the stock is owned by company insiders.
Several large investors have recently modified their holdings of the company. Proficio Capital Partners LLC raised its position in AT&T by 170.8% in the second quarter. Proficio Capital Partners LLC now owns 2,361 shares of the company’s stock valued at $101,000 after buying an additional 1,489 shares during the period. Taylor Wealth Management Partners raised its position in AT&T by 38.1% in the second quarter. Taylor Wealth Management Partners now owns 2,539 shares of the company’s stock valued at $110,000 after buying an additional 700 shares during the period. WealthTrust Arizona LLC raised its position in AT&T by 13.0% in the second quarter. WealthTrust Arizona LLC now owns 2,612 shares of the company’s stock valued at $113,000 after buying an additional 300 shares during the period. Wealthcare Capital Management LLC purchased a new position in AT&T during the second quarter valued at approximately $117,000. Finally, Invictus RG raised its position in AT&T by 266.4% in the first quarter. Invictus RG now owns 3,521 shares of the company’s stock valued at $138,000 after buying an additional 2,560 shares during the period. 53.62% of the stock is currently owned by institutional investors and hedge funds.