Investors sold shares of AT&T Inc. (NYSE:T) on strength during trading on Thursday. $98.48 million flowed into the stock on the tick-up and $233.25 million flowed out of the stock on the tick-down, for a money net flow of $134.77 million out of the stock. Of all equities tracked, AT&T had the 6th highest net out-flow for the day. AT&T traded up $0.08 for the day and closed at $32.03

A number of research analysts recently weighed in on T shares. ValuEngine upgraded shares of AT&T from a “strong sell” rating to a “sell” rating in a research note on Wednesday, March 20th. Barclays set a $32.00 target price on shares of AT&T and gave the company a “hold” rating in a research note on Friday, January 18th. Desjardins restated an “average” rating and set a $56.50 target price on shares of AT&T in a research note on Friday, April 5th. Cowen restated a “buy” rating and set a $35.00 target price on shares of AT&T in a research note on Thursday, January 31st. Finally, Raymond James upgraded shares of AT&T from a “market perform” rating to an “outperform” rating and set a $34.00 target price on the stock in a research note on Friday, March 15th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company. AT&T presently has a consensus rating of “Hold” and an average target price of $36.26.

The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market cap of $195.99 billion, a PE ratio of 9.10, a price-to-earnings-growth ratio of 1.35 and a beta of 0.59.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, January 30th. The technology company reported $0.86 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.86. The company had revenue of $47.99 billion for the quarter, compared to the consensus estimate of $48.50 billion. AT&T had a net margin of 11.34% and a return on equity of 13.47%. AT&T’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.78 EPS. On average, equities analysts expect that AT&T Inc. will post 3.59 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be issued a $0.51 dividend. The ex-dividend date is Tuesday, April 9th. This represents a $2.04 dividend on an annualized basis and a yield of 6.37%. AT&T’s dividend payout ratio is currently 57.95%.

In other AT&T news, CEO John T. Stankey sold 3,748 shares of AT&T stock in a transaction on Thursday, January 31st. The shares were sold at an average price of $29.84, for a total value of $111,840.32. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.07% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Oregon Public Employees Retirement Fund increased its holdings in shares of AT&T by 6,759.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 96,680,677 shares of the technology company’s stock worth $3,388,000 after buying an additional 95,271,251 shares during the last quarter. Norges Bank bought a new stake in shares of AT&T in the 4th quarter worth about $2,077,198,000. BlackRock Inc. increased its holdings in shares of AT&T by 4.0% in the 4th quarter. BlackRock Inc. now owns 454,818,786 shares of the technology company’s stock worth $12,980,526,000 after buying an additional 17,703,030 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of AT&T by 8.2% in the 4th quarter. Geode Capital Management LLC now owns 92,792,834 shares of the technology company’s stock worth $2,643,990,000 after buying an additional 7,017,620 shares during the last quarter. Finally, Vanguard Group Inc increased its holdings in shares of AT&T by 0.6% in the 3rd quarter. Vanguard Group Inc now owns 531,005,481 shares of the technology company’s stock worth $17,831,164,000 after buying an additional 3,379,045 shares during the last quarter. Institutional investors own 64.59% of the company’s stock.

WARNING: “Traders Sell Shares of AT&T (T) on Strength (T)” was originally reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this news story on another domain, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this news story can be viewed at https://theolympiareport.com/2019/04/18/traders-sell-shares-of-att-t-on-strength-t-2.html.

AT&T Company Profile (NYSE:T)

AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.

Featured Story: Total Return

Receive News & Ratings for AT&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T and related companies with MarketBeat.com's FREE daily email newsletter.