AT&T (NYSE:T) Trading Up 0.1%

Shares of AT&T Inc. (NYSE:T) rose 0.1% during trading on Wednesday . The stock traded as high as $18.92 and last traded at $18.84. Approximately 4,345,508 shares traded hands during trading, a decline of 88% from the average daily volume of 36,599,363 shares. The stock had previously closed at $18.82.

Analyst Upgrades and Downgrades

T has been the subject of several recent analyst reports. UBS Group reaffirmed a “buy” rating and set a $24.00 price objective on shares of AT&T in a research report on Tuesday, June 18th. Barclays raised shares of AT&T from an “equal weight” rating to an “overweight” rating and set a $20.00 price objective for the company in a research report on Monday, April 29th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $17.00 price objective on shares of AT&T in a research report on Thursday, April 11th. The Goldman Sachs Group assumed coverage on AT&T in a report on Monday. They issued a “buy” rating and a $22.00 target price on the stock. Finally, Wolfe Research upgraded AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a report on Tuesday, March 5th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, AT&T has an average rating of “Moderate Buy” and a consensus target price of $21.73.

AT&T Trading Down 0.4 %

The stock has a market capitalization of $134.37 billion, a PE ratio of 10.13, a price-to-earnings-growth ratio of 4.34 and a beta of 0.58. The firm has a 50-day moving average price of $17.67 and a 200-day moving average price of $17.21. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 1.06.

AT&T (NYSE:T) last announced its earnings results on Wednesday, April 24th. The technology company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.02. AT&T had a return on equity of 14.63% and a net margin of 11.13%. The firm had revenue of $30.03 billion during the quarter, compared to analyst estimates of $30.62 billion. During the same period last year, the firm posted $0.60 EPS. The business’s revenue was down .4% compared to the same quarter last year. As a group, equities analysts forecast that AT&T Inc. will post 2.24 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Wednesday, July 10th will be given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 5.92%. The ex-dividend date is Wednesday, July 10th. AT&T’s dividend payout ratio is presently 59.68%.

Institutional Investors Weigh In On AT&T

Several large investors have recently added to or reduced their stakes in T. Cantor Fitzgerald Investment Advisors L.P. purchased a new position in AT&T during the 4th quarter valued at about $11,554,000. Provence Wealth Management Group boosted its position in shares of AT&T by 55.8% during the 4th quarter. Provence Wealth Management Group now owns 16,217 shares of the technology company’s stock valued at $272,000 after acquiring an additional 5,807 shares during the last quarter. Clearbridge Investments LLC lifted its position in AT&T by 250.3% in the 4th quarter. Clearbridge Investments LLC now owns 67,303 shares of the technology company’s stock worth $1,129,000 after buying an additional 48,091 shares during the last quarter. Retireful LLC bought a new stake in AT&T in the 4th quarter worth approximately $1,163,000. Finally, Brighton Jones LLC lifted its position in AT&T by 12.6% in the 4th quarter. Brighton Jones LLC now owns 46,265 shares of the technology company’s stock worth $776,000 after buying an additional 5,161 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

About AT&T

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.