AT&T (NYSE:T) Stock Price Down 0.2%

AT&T Inc. (NYSE:T) shares fell 0.2% during trading on Friday . The stock traded as low as $16.73 and last traded at $16.79. 6,994,675 shares changed hands during trading, a decline of 82% from the average session volume of 38,899,609 shares. The stock had previously closed at $16.82.

Analyst Ratings Changes

T has been the topic of a number of analyst reports. Barclays upgraded AT&T from an “equal weight” rating to an “overweight” rating and set a $20.00 price target on the stock in a research report on Monday, April 29th. JPMorgan Chase & Co. raised shares of AT&T from a “neutral” rating to an “overweight” rating and increased their target price for the company from $18.00 to $21.00 in a research report on Thursday, February 1st. Wolfe Research upgraded shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price target for the company in a report on Tuesday, March 5th. Tigress Financial upped their price objective on shares of AT&T from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Finally, Citigroup lifted their target price on shares of AT&T from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $20.81.

AT&T Stock Performance

The company has a 50 day moving average price of $16.97 and a 200 day moving average price of $16.64. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.63 and a current ratio of 0.68. The company has a market capitalization of $120.52 billion, a price-to-earnings ratio of 9.06, a P/E/G ratio of 3.31 and a beta of 0.57.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. AT&T had a return on equity of 14.63% and a net margin of 11.13%. The firm had revenue of $30.03 billion during the quarter, compared to analysts’ expectations of $30.62 billion. During the same quarter last year, the firm posted $0.60 earnings per share. The company’s revenue for the quarter was down .4% compared to the same quarter last year. Equities research analysts predict that AT&T Inc. will post 2.24 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th were given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 6.59%. The ex-dividend date of this dividend was Tuesday, April 9th. AT&T’s payout ratio is presently 59.68%.

Institutional Trading of AT&T

Institutional investors and hedge funds have recently modified their holdings of the stock. Carmel Capital Partners LLC grew its holdings in AT&T by 16,250.0% during the third quarter. Carmel Capital Partners LLC now owns 1,635 shares of the technology company’s stock worth $25,000 after buying an additional 1,625 shares in the last quarter. Frank Rimerman Advisors LLC bought a new stake in shares of AT&T in the 4th quarter worth $25,000. Pineridge Advisors LLC purchased a new stake in shares of AT&T in the fourth quarter valued at about $25,000. First Pacific Financial lifted its position in shares of AT&T by 166.7% during the first quarter. First Pacific Financial now owns 1,600 shares of the technology company’s stock valued at $28,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Lipe & Dalton bought a new position in shares of AT&T during the third quarter valued at about $30,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

About AT&T

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.