AT&T Inc. (NYSE:T) released its quarterly earnings data on Tuesday. The technology company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.01), Briefing.com reports. AT&T had a return on equity of 14.53% and a net margin of 8.12%. The business had revenue of $39.67 billion for the quarter, compared to analysts’ expectations of $40.34 billion. During the same quarter in the prior year, the firm earned $0.74 earnings per share. AT&T’s quarterly revenue was down 3.0% compared to the same quarter last year.

AT&T (T) traded down 1.11% during trading on Tuesday, hitting $34.86. 51,896,537 shares of the stock traded hands. The stock has a market cap of $214.04 billion, a PE ratio of 16.38 and a beta of 0.49. AT&T has a one year low of $34.81 and a one year high of $43.03. The company has a 50-day moving average price of $37.42 and a 200 day moving average price of $38.11.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th will be issued a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, October 6th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 5.62%. AT&T’s dividend payout ratio (DPR) is 92.45%.

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Several hedge funds and other institutional investors have recently modified their holdings of T. Vanguard Group Inc. lifted its holdings in shares of AT&T by 2.2% during the second quarter. Vanguard Group Inc. now owns 427,857,308 shares of the technology company’s stock valued at $16,143,056,000 after acquiring an additional 9,053,649 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of AT&T by 6,188.8% during the second quarter. Janus Henderson Group PLC now owns 6,900,152 shares of the technology company’s stock valued at $260,343,000 after acquiring an additional 6,790,430 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of AT&T by 13.3% during the second quarter. Ameriprise Financial Inc. now owns 47,961,490 shares of the technology company’s stock valued at $1,808,545,000 after acquiring an additional 5,619,434 shares during the period. BlackRock Inc. lifted its holdings in shares of AT&T by 1.1% during the second quarter. BlackRock Inc. now owns 367,489,130 shares of the technology company’s stock valued at $13,865,363,000 after acquiring an additional 4,104,136 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its holdings in shares of AT&T by 31.4% during the second quarter. Parametric Portfolio Associates LLC now owns 15,881,088 shares of the technology company’s stock valued at $599,193,000 after acquiring an additional 3,798,090 shares during the period. 55.03% of the stock is owned by institutional investors.

A number of research firms have recently commented on T. KeyCorp reissued a “hold” rating on shares of AT&T in a research report on Wednesday, October 11th. Zacks Investment Research cut shares of AT&T from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. Royal Bank Of Canada reissued a “hold” rating and set a $42.00 target price on shares of AT&T in a research report on Sunday, July 9th. Vetr raised shares of AT&T from a “buy” rating to a “strong-buy” rating and set a $41.56 target price on the stock in a research report on Monday, July 10th. Finally, BidaskClub raised shares of AT&T from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. One analyst has rated the stock with a sell rating, twenty have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $43.57.

AT&T Company Profile

AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.

Earnings History for AT&T (NYSE:T)

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