AT&T (NYSE:T) Shares Down 1%

AT&T Inc. (NYSE:T) shares were down 1% during mid-day trading on Monday . The company traded as low as $16.30 and last traded at $16.35. Approximately 13,795,428 shares traded hands during mid-day trading, a decline of 64% from the average daily volume of 38,230,848 shares. The stock had previously closed at $16.51.

Wall Street Analysts Forecast Growth

T has been the subject of a number of recent research reports. Tigress Financial boosted their price target on shares of AT&T from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Barclays upped their price target on AT&T from $17.00 to $20.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 31st. StockNews.com downgraded shares of AT&T from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th. Citigroup upped their target price on AT&T from $19.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on AT&T from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $20.50.

AT&T Stock Performance

The stock has a market cap of $118.09 billion, a PE ratio of 8.42, a P/E/G ratio of 2.46 and a beta of 0.57. The company has a fifty day moving average price of $16.98 and a 200 day moving average price of $16.54. The company has a quick ratio of 0.67, a current ratio of 0.71 and a debt-to-equity ratio of 1.09.

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

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.72%. The ex-dividend date is Tuesday, April 9th. AT&T’s payout ratio is 56.63%.

Institutional Trading of AT&T

Several large investors have recently modified their holdings of T. Sora Investors LLC bought a new stake in AT&T in the third quarter valued at $11,265,000. Robeco Institutional Asset Management B.V. boosted its position in AT&T by 2.3% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 17,258,265 shares of the technology company’s stock valued at $259,219,000 after acquiring an additional 383,015 shares in the last quarter. Checchi Capital Advisers LLC raised its position in shares of AT&T by 3.1% in the 3rd quarter. Checchi Capital Advisers LLC now owns 38,929 shares of the technology company’s stock worth $585,000 after acquiring an additional 1,178 shares in the last quarter. Retireful LLC purchased a new position in shares of AT&T in the 4th quarter valued at approximately $1,163,000. Finally, Terril Brothers Inc. boosted its position in shares of AT&T by 51.6% during the third quarter. Terril Brothers Inc. now owns 594,974 shares of the technology company’s stock valued at $8,937,000 after purchasing an additional 202,637 shares in the last quarter. 57.10% of the stock is owned by 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.