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AT&T Inc. (NYSE:T – Get Free Report) was the target of some unusual options trading on Friday. Investors acquired 102,083 call options on the company. This is an increase of 56% compared to the average volume of 65,277 call options.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. First Dallas Securities Inc. lifted its holdings in AT&T by 2.8% during the 4th quarter. First Dallas Securities Inc. now owns 89,658 shares of the technology company’s stock worth $2,042,000 after buying an additional 2,414 shares during the last quarter. Calamos Wealth Management LLC lifted its holdings in AT&T by 18.2% during the 4th quarter. Calamos Wealth Management LLC now owns 15,280 shares of the technology company’s stock worth $348,000 after buying an additional 2,354 shares during the last quarter. Columbus Macro LLC lifted its holdings in AT&T by 52.7% during the 4th quarter. Columbus Macro LLC now owns 94,989 shares of the technology company’s stock worth $2,163,000 after buying an additional 32,773 shares during the last quarter. Optas LLC lifted its holdings in AT&T by 5.2% during the 4th quarter. Optas LLC now owns 22,659 shares of the technology company’s stock worth $516,000 after buying an additional 1,124 shares during the last quarter. Finally, Hodges Capital Management Inc. lifted its holdings in AT&T by 5.6% during the 4th quarter. Hodges Capital Management Inc. now owns 48,927 shares of the technology company’s stock worth $1,114,000 after buying an additional 2,573 shares during the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.
AT&T Trading Up 0.7 %
T opened at $22.69 on Friday. AT&T has a 52 week low of $15.94 and a 52 week high of $24.03. The business has a fifty day simple moving average of $22.80 and a 200-day simple moving average of $21.44. The firm has a market cap of $162.77 billion, a P/E ratio of 18.44, a P/E/G ratio of 3.50 and a beta of 0.59. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.09.
AT&T (NYSE:T – Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.57 by $0.03. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The business had revenue of $30.20 billion during the quarter, compared to analyst estimates of $30.50 billion. During the same period last year, the business posted $0.64 earnings per share. The company’s quarterly revenue was down .5% on a year-over-year basis. On average, equities analysts expect that AT&T will post 2.21 earnings per share for the current year.
AT&T Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be issued a $0.2775 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.89%. AT&T’s dividend payout ratio (DPR) is presently 90.24%.
Analysts Set New Price Targets
T has been the topic of a number of recent research reports. Sanford C. Bernstein initiated coverage on AT&T in a research note on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 target price on the stock. New Street Research upgraded AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. Barclays increased their price target on AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. UBS Group increased their price target on AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Finally, Royal Bank of Canada upgraded AT&T from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $22.00 to $26.00 in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, AT&T presently has an average rating of “Moderate Buy” and an average target price of $25.83.
Get Our Latest Research Report on T
About AT&T
AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.
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