Jefferies Group reissued their buy rating on shares of AT&T Inc. (NYSE:T) in a report published on Monday. Jefferies Group currently has a $48.00 price target on the stock.
Other equities analysts have also issued research reports about the stock. Vetr lowered shares of AT&T from a buy rating to a hold rating and set a $40.78 price objective for the company. in a research report on Wednesday, October 12th. Drexel Hamilton lowered shares of AT&T from a buy rating to a hold rating in a research report on Monday, October 24th. Cowen and Company lowered shares of AT&T from an outperform rating to a market perform rating in a research report on Monday, October 24th. Zacks Investment Research raised shares of AT&T from a sell rating to a hold rating in a research report on Monday, October 17th. Finally, Independent Research GmbH raised shares of AT&T from a sell rating to a hold rating and boosted their price objective for the company from $36.00 to $39.00 in a research report on Wednesday, October 26th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and fourteen have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $43.40.
AT&T (NYSE:T) opened at 40.80 on Monday. The firm has a 50-day moving average of $41.23 and a 200 day moving average of $40.52. The stock has a market cap of $250.55 billion, a PE ratio of 17.35 and a beta of 0.37. AT&T has a 12 month low of $33.79 and a 12 month high of $43.89.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 1st. Shareholders of record on Tuesday, January 10th will be paid a dividend of $0.49 per share. This is a boost from AT&T’s previous quarterly dividend of $0.48. The ex-dividend date is Friday, January 6th. This represents a $1.96 annualized dividend and a yield of 4.80%. AT&T’s dividend payout ratio (DPR) is presently 83.40%.
In related news, Director Geoffrey Y. Yang bought 27,129 shares of the stock in a transaction on Tuesday, October 25th. The shares were purchased at an average price of $36.91 per share, with a total value of $1,001,331.39. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.07% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. HL Financial Services LLC raised its position in AT&T by 3.3% in the second quarter. HL Financial Services LLC now owns 540,916 shares of the company’s stock valued at $23,373,000 after buying an additional 17,231 shares during the period. Bollard Group LLC raised its position in AT&T by 1.1% in the second quarter. Bollard Group LLC now owns 451,190 shares of the company’s stock valued at $19,496,000 after buying an additional 4,776 shares during the period. Mason Street Advisors LLC acquired a new position in AT&T during the second quarter valued at $35,829,000. Charter Trust Co. raised its position in AT&T by 4.7% in the second quarter. Charter Trust Co. now owns 243,709 shares of the company’s stock valued at $10,530,000 after buying an additional 10,946 shares during the period. Finally, Swarthmore Group Inc. raised its position in AT&T by 342.0% in the third quarter. Swarthmore Group Inc. now owns 142,425 shares of the company’s stock valued at $5,784,000 after buying an additional 110,200 shares during the period. 52.77% of the stock is currently owned by hedge funds and other institutional investors.
AT&T Company Profile
AT&T Inc is a holding company. The Company offers communications and digital entertainment services in the United States and the world. It operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Business Solutions segment includes various categories, including wireless service, fixed strategic services, legacy voice and data services, other services and wireless equipment.