AT&T (NYSE:T) Stock Price Down 0.3% - Here's What Happened

AT&T Inc. (NYSE:T - Get Free Report) shares traded down 0.3% on Tuesday . The company traded as low as $27.51 and last traded at $27.65. 13,917,437 shares were traded during trading, a decline of 64% from the average session volume of 39,147,109 shares. The stock had previously closed at $27.72.

Wall Street Analyst Weigh In

T has been the subject of a number of recent research reports. BNP Paribas raised shares of AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price target for the company in a research report on Thursday, February 13th. Tigress Financial lifted their price target on shares of AT&T from $30.00 to $32.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. UBS Group lifted their price target on shares of AT&T from $25.00 to $30.00 and gave the company a "buy" rating in a research report on Thursday, December 19th. Argus raised shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 price target for the company in a research report on Thursday, January 16th. Finally, Scotiabank lifted their price target on shares of AT&T from $26.00 to $28.50 and gave the company a "sector outperform" rating in a research report on Monday. One analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, AT&T has a consensus rating of "Moderate Buy" and a consensus price target of $26.74.

AT&T Trading Up 1.6 %

The company has a market capitalization of $194.85 billion, a P/E ratio of 18.22, a PEG ratio of 3.00 and a beta of 0.56. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The company's fifty day simple moving average is $24.30 and its 200-day simple moving average is $22.80.

AT&T (NYSE:T - Get Free Report) last released its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. Research analysts predict that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were given a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.09%. The ex-dividend date of this dividend was Friday, January 10th. AT&T's payout ratio is currently 74.50%.

Institutional Investors Weigh In On AT&T

A number of hedge funds and other institutional investors have recently made changes to their positions in T. Norges Bank acquired a new stake in AT&T during the fourth quarter worth about $1,858,418,000. GQG Partners LLC grew its stake in shares of AT&T by 37.3% during the fourth quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company's stock worth $2,203,667,000 after purchasing an additional 26,280,866 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of AT&T by 31.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 53,432,827 shares of the technology company's stock worth $1,216,665,000 after purchasing an additional 12,881,578 shares in the last quarter. Northern Trust Corp boosted its stake in AT&T by 16.3% in the fourth quarter. Northern Trust Corp now owns 78,148,354 shares of the technology company's stock valued at $1,779,438,000 after acquiring an additional 10,945,679 shares in the last quarter. Finally, Assetmark Inc. boosted its stake in AT&T by 4,986.1% in the fourth quarter. Assetmark Inc. now owns 9,913,960 shares of the technology company's stock valued at $225,741,000 after acquiring an additional 9,719,036 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company's stock.

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.