AT&T (NYSE:T) Stock Price Up 0.7%

AT&T Inc. (NYSE:T) was up 0.7% during trading on Monday . The company traded as high as $19.91 and last traded at $19.90. Approximately 29,362,602 shares changed hands during mid-day trading, a decline of 17% from the average daily volume of 35,488,766 shares. The stock had previously closed at $19.76.

Analysts Set New Price Targets

T has been the subject of a number of recent analyst reports. Evercore ISI lifted their price target on shares of AT&T from $18.00 to $19.00 and gave the company an “in-line” rating in a research report on Thursday, July 25th. Daiwa America raised AT&T to a “hold” rating in a research report on Friday, July 26th. Scotiabank lowered AT&T from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Oppenheimer lifted their price objective on AT&T from $21.00 to $23.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Finally, Barclays raised their target price on AT&T from $20.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $22.06.

AT&T Trading Up 2.8 %

The firm has a market capitalization of $146.63 billion, a PE ratio of 10.99, a PEG ratio of 3.36 and a beta of 0.59. The company’s 50-day moving average price is $19.20 and its 200-day moving average price is $17.94. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.66 and a current ratio of 0.70.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.57 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.57. AT&T had a return on equity of 14.16% and a net margin of 10.41%. The business had revenue of $29.80 billion during the quarter, compared to analysts’ expectations of $30.05 billion. During the same period in the prior year, the firm posted $0.63 EPS. The business’s quarterly revenue was down .3% compared to the same quarter last year. On average, sell-side analysts expect that AT&T Inc. will post 2.22 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 1st. Stockholders of record on Wednesday, July 10th were issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 5.43%. The ex-dividend date was Wednesday, July 10th. AT&T’s payout ratio is currently 59.68%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of T. Frank Rimerman Advisors LLC acquired a new position in shares of AT&T during the fourth quarter worth about $25,000. Pineridge Advisors LLC acquired a new position in AT&T during the 4th quarter worth approximately $25,000. Strategic Financial Concepts LLC raised its stake in shares of AT&T by 227.6% during the 2nd quarter. Strategic Financial Concepts LLC now owns 131,813 shares of the technology company’s stock worth $25,000 after buying an additional 91,578 shares in the last quarter. Riggs Asset Managment Co. Inc. lifted its holdings in shares of AT&T by 356.5% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 1,429 shares of the technology company’s stock valued at $27,000 after buying an additional 1,116 shares during the period. Finally, First Pacific Financial boosted its stake in shares of AT&T by 166.7% in the first quarter. First Pacific Financial now owns 1,600 shares of the technology company’s stock valued at $28,000 after buying an additional 1,000 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

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.