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 Stock Up 1.1 %
Shares of T stock opened at $21.80 on Wednesday. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $24.03. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.09. The firm has a market cap of $156.42 billion, a PE ratio of 17.72, 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 issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $30.50 billion. During the same period in the prior year, the firm earned $0.64 EPS. The business's revenue was down .5% on a year-over-year basis. On average, equities analysts predict that AT&T Inc. will post 2.19 EPS for the current year.
AT&T Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 5.09%. The ex-dividend date is Friday, January 10th. AT&T's dividend payout ratio is currently 90.24%.
Institutional Trading of AT&T
A number of hedge funds and other institutional investors have recently made changes to their positions in T. Geode Capital Management LLC raised its position in shares of AT&T by 2.3% during the third quarter. Geode Capital Management LLC now owns 161,120,657 shares of the technology company's stock worth $3,532,684,000 after acquiring an additional 3,630,972 shares during the last quarter. FMR LLC increased its position in AT&T by 1.9% in the third quarter. FMR LLC now owns 60,986,064 shares of the technology company's stock worth $1,341,693,000 after purchasing an additional 1,149,688 shares during the period. Legal & General Group Plc raised its holdings in AT&T by 2.7% during the 2nd quarter. Legal & General Group Plc now owns 60,109,127 shares of the technology company's stock worth $1,148,689,000 after purchasing an additional 1,569,374 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in AT&T by 2.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 51,558,884 shares of the technology company's stock worth $985,307,000 after purchasing an additional 1,007,228 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its position in AT&T by 2.5% during the 2nd quarter. Pacer Advisors Inc. now owns 28,113,880 shares of the technology company's stock valued at $537,256,000 after purchasing an additional 675,082 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on T. Sanford C. Bernstein initiated coverage on AT&T in a research report on Tuesday, December 10th. They issued an "outperform" rating and a $28.00 price objective for the company. UBS Group raised their target price on AT&T from $25.00 to $30.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. Barclays boosted their price target on shares of AT&T from $24.00 to $27.00 and gave the company an "overweight" rating in a report on Wednesday, December 4th. Oppenheimer assumed coverage on shares of AT&T in a report on Tuesday, December 10th. They set an "outperform" rating and a $28.00 price objective for the company. Finally, Royal Bank of Canada raised shares of AT&T from a "sector perform" rating to an "outperform" rating and upped their target price for the company from $22.00 to $26.00 in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $25.76.
Read Our Latest Research Report on T
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.
About AT&T
(
Get Free Report)
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.
Further Reading
Before you consider AT&T, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AT&T wasn't on the list.
While AT&T currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering when you'll finally be able to invest in SpaceX, StarLink, or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
