AT&T Inc. (T) Sees Large Decline in Short Interest

AT&T Inc. (NYSE:T) saw a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 183,053,095 shares, a drop of 5.6% from the January 12th total of 193,846,577 shares. Currently, 3.0% of the company’s shares are sold short. Based on an average daily volume of 28,568,092 shares, the short-interest ratio is presently 6.4 days.

Several research analysts have recently weighed in on T shares. Vetr upgraded shares of AT&T from a “buy” rating to a “strong-buy” rating and set a $40.58 price objective on the stock in a report on Monday, October 16th. Moffett Nathanson restated a “neutral” rating on shares of AT&T in a report on Monday, October 16th. Robert W. Baird cut their price target on shares of AT&T from $43.00 to $42.00 and set an “outperform” rating on the stock in a report on Wednesday, October 25th. Oppenheimer restated a “hold” rating on shares of AT&T in a report on Wednesday, October 25th. Finally, Deutsche Bank cut their price target on shares of AT&T from $41.00 to $38.00 and set a “hold” rating on the stock in a report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $41.92.

Shares of AT&T (NYSE:T) opened at $36.37 on Tuesday. The stock has a market cap of $223,280.00, a P/E ratio of 7.58, a PEG ratio of 2.49 and a beta of 0.37. AT&T has a 12 month low of $32.55 and a 12 month high of $42.70. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.60 and a current ratio of 0.97.

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

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.50%. This is a positive change from AT&T’s previous quarterly dividend of $0.49. AT&T’s dividend payout ratio (DPR) is currently 41.67%.

In other news, Director Richard W. Fisher purchased 2,600 shares of the firm’s stock in a transaction on Monday, February 5th. The shares were bought at an average cost of $38.10 per share, with a total value of $99,060.00. Following the purchase, the director now directly owns 2,600 shares of the company’s stock, valued at $99,060. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John Donovan purchased 27,997 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were purchased at an average cost of $35.68 per share, for a total transaction of $998,932.96. Following the completion of the purchase, the chief executive officer now directly owns 179,834 shares in the company, valued at $6,416,477.12. The disclosure for this purchase can be found here. 0.09% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of T. New Capital Management LP grew its position in shares of AT&T by 130.9% during the third quarter. New Capital Management LP now owns 2,646 shares of the technology company’s stock worth $104,000 after buying an additional 1,500 shares in the last quarter. Financial Engines Advisors L.L.C. acquired a new stake in shares of AT&T during the third quarter worth approximately $104,000. Macroview Investment Management LLC grew its position in shares of AT&T by 144.3% during the third quarter. Macroview Investment Management LLC now owns 2,700 shares of the technology company’s stock worth $106,000 after buying an additional 1,595 shares in the last quarter. Mountain Capital Investment Advisors Inc acquired a new stake in shares of AT&T during the second quarter worth approximately $134,000. Finally, CKW Financial Group grew its position in shares of AT&T by 83.9% during the second quarter. CKW Financial Group now owns 3,780 shares of the technology company’s stock worth $144,000 after buying an additional 1,724 shares in the last quarter. Institutional investors own 55.39% of the company’s stock.

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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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