Published On: Sat, Sep 17th, 2016

Investors Buy Shares of AT&T Inc. (T) on Weakness

Traders bought shares of AT&T Inc. (NYSE:T) on weakness during trading hours on Friday. $912.22 million flowed into the stock on the tick-up and $98.87 million flowed out of the stock on the tick-down, for a money net flow of $813.35 million into the stock. Of all companies tracked, AT&T had the 3rd highest net in-flow for the day. AT&T traded down ($0.25) for the day and closed at $40.20
A number of brokerages recently commented on T. Jefferies Group reiterated a “buy” rating and set a $48.00 price target on shares of AT&T in a report on Thursday. Vetr upgraded AT&T from a “hold” rating to a “buy” rating and set a $44.06 price target on the stock in a report on Wednesday, September 7th. Pacific Crest reiterated a “hold” rating on shares of AT&T in a report on Wednesday, September 7th. Argus reiterated a “buy” rating and set a $51.00 price target (up from $45.00) on shares of AT&T in a report on Tuesday, July 26th. Finally, S&P Equity Research set a $46.00 price target on AT&T and gave the stock a “buy” rating in a report on Sunday, July 24th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and sixteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $41.59.
The firm’s 50 day moving average price is $41.65 and its 200-day moving average price is $40.28. The company has a market capitalization of $247.31 billion, a P/E ratio of 17.34 and a beta of 0.28.

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AT&T (NYSE:T) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.72 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.72. The business had revenue of $40.50 billion for the quarter, compared to analysts’ expectations 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 expect that AT&T Inc. will post $2.86 earnings per share for the current year.
In other AT&T 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 directly owns 13,583 shares of the company’s stock, valued at $589,230.54. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.07% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of T. Family Firm Inc. raised its position in shares of AT&T by 0.5% in the second quarter. Family Firm Inc. now owns 7,536 shares of the company’s stock worth $326,000 after buying an additional 35 shares during the last quarter. Delphi Private Advisors LLC raised its position in shares of AT&T by 0.9% in the second quarter. Delphi Private Advisors LLC now owns 5,074 shares of the company’s stock worth $219,000 after buying an additional 44 shares during the last quarter. Cornerstone Investment Partners LLC raised its position in shares of AT&T by 0.6% in the second quarter. Cornerstone Investment Partners LLC now owns 9,554 shares of the company’s stock worth $413,000 after buying an additional 54 shares during the last quarter. Capital Asset Advisory Services LLC raised its position in shares of AT&T by 0.6% in the first quarter. Capital Asset Advisory Services LLC now owns 9,901 shares of the company’s stock worth $388,000 after buying an additional 60 shares during the last quarter. Finally, Cohen Lawrence B raised its position in shares of AT&T by 0.4% in the second quarter. Cohen Lawrence B now owns 13,585 shares of the company’s stock worth $587,000 after buying an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 53.66% of the company’s stock.
AT&T Company Profile
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.

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