AT&T Inc. (T) CEO John Donovan Acquires 27,997 Shares

AT&T Inc. (NYSE:T) CEO John Donovan purchased 27,997 shares of the company’s stock in a transaction on Friday, February 9th. The shares were purchased at an average price of $35.68 per share, with a total value of $998,932.96. Following the completion of the purchase, the chief executive officer now directly owns 179,834 shares of the company’s stock, valued at $6,416,477.12. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of AT&T Inc. (NYSE:T) traded up $0.32 on Monday, reaching $36.37. The company had a trading volume of 27,746,963 shares, compared to its average volume of 34,030,000. The stock has a market capitalization of $223,280.00, a P/E ratio of 7.58, a P/E/G ratio of 2.49 and a beta of 0.37. AT&T Inc. has a 1 year low of $32.55 and a 1 year high of $42.70. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.97 and a quick ratio of 1.60.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.13. The firm had revenue of $41.68 billion during the quarter, compared to the consensus estimate of $41.21 billion. AT&T had a return on equity of 14.55% and a net margin of 18.34%. AT&T’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.66 earnings per share. sell-side analysts anticipate that AT&T Inc. will post 3.48 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Wednesday, January 10th were issued a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $2.00 dividend on an annualized basis and a yield of 5.50%. This is an increase from AT&T’s previous quarterly dividend of $0.49. AT&T’s dividend payout ratio is currently 41.67%.

A number of institutional investors and hedge funds have recently modified their holdings of T. Vanguard Group Inc. lifted its holdings in AT&T by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 427,857,308 shares of the technology company’s stock worth $16,143,056,000 after buying an additional 9,053,649 shares during the last quarter. American Century Companies Inc. lifted its holdings in AT&T by 90.2% during the 4th quarter. American Century Companies Inc. now owns 15,886,607 shares of the technology company’s stock worth $617,671,000 after buying an additional 7,535,393 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in AT&T by 6,188.8% during the 2nd quarter. Janus Henderson Group PLC now owns 6,900,152 shares of the technology company’s stock worth $260,343,000 after buying an additional 6,790,430 shares during the last quarter. Nordea Investment Management AB lifted its holdings in AT&T by 37.7% during the 3rd quarter. Nordea Investment Management AB now owns 23,118,149 shares of the technology company’s stock worth $905,538,000 after buying an additional 6,330,819 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in AT&T by 13.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 47,961,490 shares of the technology company’s stock worth $1,808,545,000 after buying an additional 5,619,434 shares during the last quarter. 55.39% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have commented on the company. Argus restated a “buy” rating and set a $36.83 price target (down from $48.00) on shares of AT&T in a research note on Wednesday, February 7th. Scotiabank set a $40.00 price target on AT&T and gave the stock a “hold” rating in a research note on Tuesday, January 30th. SunTrust Banks increased their target price on AT&T from $36.00 to $40.00 and gave the company a “hold” rating in a research note on Thursday, February 1st. Bank of America increased their target price on AT&T from $39.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, February 2nd. Finally, ValuEngine lowered AT&T from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $41.94.

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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.

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