AT&T (NYSE:T) Stock Acquired Rep. James Comer

Representative James Comer (R-Kentucky) recently bought shares of AT&T Inc. NYSE: T. In a filing disclosed on January 10th, the Representative disclosed that they had bought between $1,001 and $15,000 in AT&T stock on January 2nd.

Representative James Comer also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Arista Networks NYSE: ANET on 1/2/2025.
• Purchased $1,001 - $15,000 in shares of Dover NYSE: DOV on 1/2/2025.
• Purchased $1,001 - $15,000 in shares of PayPal NASDAQ: PYPL on 1/2/2025.
• Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 1/2/2025.
• Purchased $1,001 - $15,000 in shares of Uber Technologies NYSE: UBER on 1/2/2025.
• Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 1/2/2025.
• Purchased $1,001 - $15,000 in shares of Home Depot NYSE: HD on 1/2/2025.
• Purchased $1,001 - $15,000 in shares of Amphenol NYSE: APH on 1/2/2025.
• Purchased $1,001 - $15,000 in shares of Apple NASDAQ: AAPL on 1/2/2025.
• Purchased $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 1/2/2025.

AT&T Trading Up 0.5 %

Shares of AT&T stock traded up $0.10 during trading hours on Wednesday, hitting $21.90. The company's stock had a trading volume of 50,550,311 shares, compared to its average volume of 35,186,313. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $24.03. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.67. The company has a market capitalization of $157.14 billion, a PE ratio of 17.80, a price-to-earnings-growth ratio of 3.60 and a beta of 0.59. The stock has a 50 day moving average of $22.80 and a 200 day moving average of $21.28.

AT&T (NYSE:T - Get Free Report) last announced its 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 net margin of 7.42% and a return on equity of 13.97%. The firm had revenue of $30.20 billion for the quarter, compared to the consensus estimate of $30.50 billion. During the same period last year, the company posted $0.64 EPS. The business's quarterly revenue was down .5% on a year-over-year basis. Analysts predict that AT&T Inc. will post 2.19 earnings per share for the current year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be paid 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 5.07%. AT&T's payout ratio is 90.24%.

Analysts Set New Price Targets

Several research firms recently commented on T. Oppenheimer began coverage on shares of AT&T in a research report on Tuesday, December 10th. They issued an "outperform" rating and a $28.00 price objective on the stock. Citigroup upped their price objective on AT&T from $26.00 to $28.00 and gave the stock a "buy" rating in a research report on Wednesday, December 4th. UBS Group increased their price objective on AT&T from $25.00 to $30.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. Hsbc Global Res upgraded AT&T to a "strong-buy" rating in a research note on Tuesday, October 1st. Finally, The Goldman Sachs Group raised their price target on shares of AT&T from $25.00 to $28.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, AT&T currently has an average rating of "Moderate Buy" and a consensus target price of $25.76.

Institutional Trading of AT&T

A number of hedge funds have recently made changes to their positions in the business. Aaron Wealth Advisors LLC boosted its holdings in shares of AT&T by 14.4% during the 4th quarter. Aaron Wealth Advisors LLC now owns 41,502 shares of the technology company's stock worth $945,000 after buying an additional 5,224 shares during the period. Whitaker Myers Wealth Managers LTD. bought a new stake in shares of AT&T during the fourth quarter worth approximately $332,000. Moss Adams Wealth Advisors LLC grew its position in shares of AT&T by 12.3% in the fourth quarter. Moss Adams Wealth Advisors LLC now owns 16,991 shares of the technology company's stock valued at $387,000 after purchasing an additional 1,864 shares during the last quarter. Veery Capital LLC bought a new position in shares of AT&T during the fourth quarter worth approximately $214,000. Finally, Krilogy Financial LLC increased its stake in shares of AT&T by 3.1% during the fourth quarter. Krilogy Financial LLC now owns 46,615 shares of the technology company's stock worth $1,061,000 after purchasing an additional 1,421 shares during the period. 57.10% of the stock is owned by institutional investors and hedge funds.

About Representative Comer

James Comer Jr. (Republican Party) is a member of the U.S. House, representing Kentucky's 1st Congressional District. He assumed office on November 14, 2016. His current term ends on January 3, 2025. Comer (Republican Party) ran for re-election to the U.S. House to represent Kentucky's 1st Congressional District. He won in the general election on November 8, 2022. Prior to serving in Congress, Comer was the Kentucky Commissioner of Agriculture from 2012 to 2016, and the Kentucky House of Representatives from 2001 to 2012. He also unsuccessfully ran for Governor of Kentucky in 2015. A writer for the Louisville Courier-Journal called Comer "instrumental in the final passage of a five-year farm bill," noting that he served on the conference committee that produced the final version of the bill. Comer is from Tompkinsville, Ky. He acted as the director of South Central Bank for 12 years and has been the co-owner of the Comer Land and Cattle Company. He previously served as president of CFB Foods Incorporated from 2001 to 2003 and president of Comer and Polston Insurance Incorporated from 1993 to 1995.

AT&T Company Profile

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.