AT&T Inc. (T) Short Interest Down 5.6% in January
AT&T Inc. (NYSE:T) saw a significant drop in short interest in 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. Based on an average trading volume of 28,568,092 shares, the days-to-cover ratio is presently 6.4 days. Currently, 3.0% of the shares of the stock are short sold.
Shares of AT&T (T) traded down $0.19 during mid-day trading on Wednesday, reaching $36.41. 24,790,000 shares of the company traded hands, compared to its average volume of 34,310,000. AT&T has a 12-month low of $32.55 and a 12-month high of $42.70. The firm has a market cap of $223,520.00, a P/E ratio of 22.48, a price-to-earnings-growth ratio of 2.51 and a beta of 0.37. The company has a quick ratio of 1.60, a current ratio of 0.97 and a debt-to-equity ratio of 0.89.
AT&T (NYSE:T) last announced its earnings results on Wednesday, January 31st. The technology company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.13. AT&T had a net margin of 18.34% and a return on equity of 14.55%. The firm had revenue of $41.68 billion during the quarter, compared to the consensus estimate of $41.21 billion. During the same quarter in the previous year, the company posted $0.66 EPS. The firm’s revenue for the quarter was down .4% on a year-over-year basis. sell-side analysts predict that AT&T will post 3.48 EPS for the current year.
A number of equities research analysts have commented on the company. Vetr downgraded AT&T from a “strong-buy” rating to a “buy” rating and set a $40.01 target price for the company. in a report on Tuesday. Bank of America lifted their price target on AT&T from $39.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, February 2nd. KeyCorp lifted their price target on AT&T from $35.00 to $38.00 and gave the stock a “sector weight” rating in a research note on Tuesday, January 2nd. Zacks Investment Research raised AT&T from a “sell” rating to a “hold” rating in a research note on Tuesday, December 19th. Finally, Robert W. Baird cut their price target on AT&T from $43.00 to $42.00 and set an “outperform” rating for the company in a research note on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eleven have given a buy rating to the company’s stock. AT&T presently has an average rating of “Hold” and an average price target of $41.92.
In other AT&T news, EVP John T. Stankey sold 2,307 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $39.21, for a total value of $90,457.47. Following the completion of the sale, the executive vice president now owns 51,672 shares of the company’s stock, valued at $2,026,059.12. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO John Donovan bought 27,997 shares of AT&T stock in a transaction on Friday, February 9th. The stock was acquired at an average cost of $35.68 per share, with a total value of $998,932.96. Following the acquisition, the chief executive officer now owns 179,834 shares of the company’s stock, valued at approximately $6,416,477.12. The disclosure for this purchase can be found here. 0.09% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in T. New Capital Management LP grew its holdings in AT&T by 130.9% in the 3rd quarter. New Capital Management LP now owns 2,646 shares of the technology company’s stock valued at $104,000 after buying an additional 1,500 shares during the period. Financial Engines Advisors L.L.C. purchased a new stake in AT&T in the 3rd quarter valued at about $104,000. Macroview Investment Management LLC grew its holdings in shares of AT&T by 144.3% during the 3rd quarter. Macroview Investment Management LLC now owns 2,700 shares of the technology company’s stock worth $106,000 after purchasing an additional 1,595 shares during the period. Mountain Capital Investment Advisors Inc purchased a new stake in shares of AT&T during the 2nd quarter worth about $134,000. Finally, CKW Financial Group grew its holdings in shares of AT&T by 83.9% during the 2nd quarter. CKW Financial Group now owns 3,780 shares of the technology company’s stock worth $144,000 after purchasing an additional 1,724 shares during the period. 55.39% of the stock is owned by hedge funds and other institutional investors.
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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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