AT&T (NYSE:T) Stock Price Up 0.3%

Shares of AT&T Inc. (NYSE:T) rose 0.3% on Friday . The stock traded as high as $18.75 and last traded at $18.73. Approximately 13,673,498 shares were traded during trading, a decline of 63% from the average daily volume of 36,538,359 shares. The stock had previously closed at $18.68.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on T. Oppenheimer restated an “outperform” rating and issued a $21.00 price objective on shares of AT&T in a research note on Tuesday, June 25th. Scotiabank increased their price target on shares of AT&T from $22.00 to $22.50 and gave the stock a “sector outperform” rating in a report on Thursday, April 25th. UBS Group reaffirmed a “buy” rating and set a $24.00 price objective on shares of AT&T in a research note on Tuesday, June 18th. BNP Paribas upgraded shares of AT&T from an “underperform” rating to a “neutral” rating in a research note on Tuesday, June 11th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of AT&T from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Friday, June 28th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $21.73.

AT&T Stock Up 0.4 %

The company has a market cap of $134.44 billion, a P/E ratio of 10.07, a P/E/G ratio of 4.24 and a beta of 0.58. The stock has a 50-day moving average of $17.75 and a two-hundred day moving average of $17.23. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.63 and a current ratio of 0.68.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. AT&T had a net margin of 11.13% and a return on equity of 14.63%. The firm had revenue of $30.03 billion during the quarter, compared to analyst estimates of $30.62 billion. During the same period in the previous year, the business posted $0.60 EPS. The business’s quarterly revenue was down .4% on a year-over-year basis. On average, research analysts anticipate that AT&T Inc. will post 2.24 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Wednesday, July 10th will be paid a dividend of $0.2775 per share. The ex-dividend date of this dividend is Wednesday, July 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.92%. AT&T’s dividend payout ratio (DPR) is currently 59.68%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in T. Texas Capital Bank Wealth Management Services Inc boosted its position in shares of AT&T by 1.7% during the 4th quarter. Texas Capital Bank Wealth Management Services Inc now owns 35,098 shares of the technology company’s stock valued at $589,000 after acquiring an additional 598 shares during the last quarter. Klingman & Associates LLC boosted its holdings in AT&T by 3.1% during the 1st quarter. Klingman & Associates LLC now owns 19,889 shares of the technology company’s stock valued at $350,000 after acquiring an additional 603 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA grew its holdings in shares of AT&T by 35.3% in the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock valued at $39,000 after purchasing an additional 606 shares in the last quarter. JB Capital LLC lifted its holdings in AT&T by 2.4% during the 4th quarter. JB Capital LLC now owns 26,620 shares of the technology company’s stock worth $447,000 after buying an additional 614 shares in the last quarter. Finally, Fortitude Family Office LLC boosted its position in AT&T by 1.5% in the 1st quarter. Fortitude Family Office LLC now owns 41,595 shares of the technology company’s stock valued at $732,000 after buying an additional 614 shares during the period. Institutional investors own 57.10% of the company’s stock.

About AT&T

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.