Published On: Tue, Sep 20th, 2016

Traders Buy AT&T Inc. (T) on Weakness

Investors purchased shares of AT&T Inc. (NYSE:T) on weakness during trading on Monday. $119.85 million flowed into the stock on the tick-up and $101.22 million flowed out of the stock on the tick-down, for a money net flow of $18.63 million into the stock. Of all companies tracked, AT&T had the 19th highest net in-flow for the day. AT&T traded down ($0.14) for the day and closed at $40.06
T has been the topic of several research analyst reports. Jefferies Group restated a “buy” rating and issued a $48.00 price objective on shares of AT&T in a report on Thursday, September 15th. Vetr upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $44.06 price objective on the stock in a report on Wednesday, September 7th. Pacific Crest restated a “hold” rating on shares of AT&T in a report on Wednesday, September 7th. Argus restated a “buy” rating and issued a $51.00 price objective (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 objective on shares of AT&T and gave the company a “buy” rating in a report on Sunday, July 24th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and sixteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $41.59.
The company has a market capitalization of $246.45 billion, a price-to-earnings ratio of 17.27 and a beta of 0.28. The company has a 50 day moving average of $41.56 and a 200-day moving average of $40.34.

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AT&T (NYSE:T) last announced its earnings results on Thursday, July 21st. The company reported $0.72 EPS for the quarter, meeting the consensus estimate of $0.72. The business had revenue of $40.50 billion for the quarter, compared to the consensus estimate of $40.75 billion. AT&T had a return on equity of 13.93% and a net margin of 8.76%. On average, equities analysts forecast that AT&T Inc. will post $2.86 EPS for the current fiscal year.
In related 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 in the company, valued at approximately $589,230.54. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.07% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Union Bankshares Corp raised its stake in shares of AT&T by 0.8% in the first quarter. Union Bankshares Corp now owns 151,016 shares of the company’s stock worth $5,915,000 after buying an additional 1,254 shares during the period. Kistler Tiffany Companies LLC raised its stake in shares of AT&T by 22.2% in the first quarter. Kistler Tiffany Companies LLC now owns 34,392 shares of the company’s stock worth $1,347,000 after buying an additional 6,254 shares during the period. Foundry Partners LLC raised its stake in shares of AT&T by 6.7% in the first quarter. Foundry Partners LLC now owns 685,965 shares of the company’s stock worth $26,869,000 after buying an additional 42,805 shares during the period. Thompson Rubinstein Investment Management Inc. OR raised its stake in shares of AT&T by 22.4% in the first quarter. Thompson Rubinstein Investment Management Inc. OR now owns 33,032 shares of the company’s stock worth $1,294,000 after buying an additional 6,050 shares during the period. Finally, Chevy Chase Trust Holdings Inc. raised its stake in shares of AT&T by 2.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 5,568,270 shares of the company’s stock worth $218,109,000 after buying an additional 120,751 shares during the period. Institutional investors and hedge funds own 53.66% of the company’s stock.
About AT&T
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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