AT&T (NYSE:T) Shares Up 1.4%

AT&T Inc. (NYSE:T)’s share price traded up 1.4% on Wednesday . The stock traded as high as $19.25 and last traded at $19.25. 6,813,272 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 36,507,141 shares. The stock had previously closed at $18.98.

Wall Street Analysts Forecast Growth

T has been the subject of a number of research analyst reports. TD Cowen boosted their price objective on AT&T from $21.00 to $23.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. Royal Bank of Canada boosted their price target on AT&T from $18.00 to $19.00 and gave the company a “sector perform” rating in a research note on Thursday, July 25th. Oppenheimer increased their price objective on AT&T from $21.00 to $23.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Scotiabank boosted their target price on shares of AT&T from $23.00 to $24.00 and gave the company a “sector outperform” rating in a research report on Thursday, July 25th. Finally, UBS Group restated a “buy” rating and issued a $24.00 price target on shares of AT&T in a research note on Tuesday, June 18th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.33.

AT&T Trading Up 1.4 %

The company has a market cap of $138.03 billion, a price-to-earnings ratio of 10.35, a P/E/G ratio of 3.18 and a beta of 0.58. The firm’s 50-day moving average price is $18.38 and its 200 day moving average price is $17.51. The company has a current ratio of 0.70, a quick ratio of 0.66 and a debt-to-equity ratio of 1.05.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.57 earnings per share for the quarter, meeting the consensus estimate of $0.57. The firm had revenue of $29.80 billion for the quarter, compared to analyst estimates of $30.05 billion. AT&T had a net margin of 10.41% and a return on equity of 14.16%. The business’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.63 earnings per share. As a group, equities analysts expect that AT&T Inc. will post 2.22 EPS for the current year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Wednesday, July 10th will be issued a dividend of $0.2775 per share. The ex-dividend date is Wednesday, July 10th. This represents a $1.11 annualized dividend and a dividend yield of 5.77%. AT&T’s dividend payout ratio is 59.68%.

Institutional Trading of AT&T

A number of hedge funds and other institutional investors have recently bought and sold shares of T. JB Capital LLC raised its position in AT&T by 2.4% in the 4th quarter. JB Capital LLC now owns 26,620 shares of the technology company’s stock valued at $447,000 after buying an additional 614 shares during the last quarter. Oak Thistle LLC purchased a new position in AT&T during the fourth quarter worth about $1,050,000. Drive Wealth Management LLC bought a new stake in AT&T in the 4th quarter worth about $406,000. Princeton Global Asset Management LLC increased its stake in AT&T by 6.7% in the 4th quarter. Princeton Global Asset Management LLC now owns 18,448 shares of the technology company’s stock valued at $310,000 after buying an additional 1,162 shares during the last quarter. Finally, Stonegate Investment Group LLC lifted its position in shares of AT&T by 6.3% during the 4th quarter. Stonegate Investment Group LLC now owns 51,997 shares of the technology company’s stock worth $873,000 after buying an additional 3,059 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Company Profile

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.