AT&T (NYSE:T) Stock Price Down 1.5%

AT&T Inc. (NYSE:T) was down 1.5% on Tuesday . The stock traded as low as $15.98 and last traded at $16.00. Approximately 14,588,384 shares traded hands during trading, a decline of 62% from the average daily volume of 38,166,844 shares. The stock had previously closed at $16.24.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on T shares. Oppenheimer raised AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a research report on Friday, January 19th. TheStreet raised AT&T from a “c” rating to a “b-” rating in a research report on Wednesday, January 24th. Royal Bank of Canada reissued a “sector perform” rating and set a $17.00 target price on shares of AT&T in a research report on Thursday, April 11th. Barclays raised their target price on AT&T from $17.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 31st. Finally, Citigroup raised their target price on AT&T from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, AT&T currently has an average rating of “Moderate Buy” and a consensus target price of $20.68.

AT&T Stock Up 0.2 %

The firm has a 50 day simple moving average of $17.02 and a two-hundred day simple moving average of $16.48. The company has a market capitalization of $115.30 billion, a PE ratio of 8.22, a P/E/G ratio of 2.43 and a beta of 0.57. The company has a current ratio of 0.71, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09.

AT&T (NYSE:T) last announced its earnings results on Wednesday, January 24th. The technology company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.01). AT&T had a net margin of 11.76% and a return on equity of 15.39%. The company had revenue of $32 billion during the quarter, compared to analysts’ expectations of $31.44 billion. During the same quarter last year, the business posted $0.61 earnings per share. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. Research analysts expect that AT&T Inc. will post 2.21 EPS for the current year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be paid a $0.2775 dividend. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.11 annualized dividend and a dividend yield of 6.89%. AT&T’s dividend payout ratio (DPR) is currently 56.63%.

Institutional Trading of AT&T

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of AT&T by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 622,406,459 shares of the technology company’s stock valued at $10,443,980,000 after buying an additional 2,155,232 shares in the last quarter. State Street Corp boosted its stake in shares of AT&T by 0.5% in the first quarter. State Street Corp now owns 287,304,512 shares of the technology company’s stock valued at $5,530,602,000 after buying an additional 1,567,008 shares in the last quarter. Newport Trust Company LLC boosted its stake in shares of AT&T by 0.3% in the third quarter. Newport Trust Company LLC now owns 199,998,040 shares of the technology company’s stock valued at $3,003,971,000 after buying an additional 673,043 shares in the last quarter. Morgan Stanley boosted its stake in shares of AT&T by 37.3% in the fourth quarter. Morgan Stanley now owns 109,639,428 shares of the technology company’s stock valued at $2,018,462,000 after buying an additional 29,769,976 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC boosted its stake in shares of AT&T by 85,003.0% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 76,836,936 shares of the technology company’s stock valued at $1,414,568,000 after buying an additional 76,746,649 shares in the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

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.