AT&T Target of Unusually Large Options Trading (NYSE:T)

AT&T Inc. (NYSE:T - Get Free Report) was the recipient of unusually large options trading on Tuesday. Stock traders acquired 76,955 call options on the company. This is an increase of approximately 14% compared to the typical volume of 67,224 call options.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Legacy Investment Solutions LLC bought a new stake in AT&T during the 3rd quarter valued at $25,000. Marshall Investment Management LLC purchased a new position in AT&T in the 4th quarter worth $28,000. Ritter Daniher Financial Advisory LLC DE raised its stake in AT&T by 169.2% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company's stock worth $29,000 after acquiring an additional 841 shares during the last quarter. YANKCOM Partnership purchased a new position in AT&T in the 4th quarter worth $30,000. Finally, Tradewinds Capital Management LLC raised its stake in shares of AT&T by 48.6% during the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock valued at $30,000 after buying an additional 430 shares during the last quarter. Institutional investors own 57.10% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Argus raised AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective for the company in a research note on Thursday, January 16th. Royal Bank of Canada increased their price target on AT&T from $26.00 to $27.00 and gave the company an "outperform" rating in a research note on Tuesday, January 28th. Oppenheimer started coverage on AT&T in a research note on Tuesday, December 10th. They set an "outperform" rating and a $28.00 price target for the company. UBS Group increased their price target on AT&T from $25.00 to $30.00 and gave the company a "buy" rating in a research note on Thursday, December 19th. Finally, Sanford C. Bernstein increased their price target on AT&T from $28.00 to $29.00 and gave the company an "outperform" rating in a research note on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $26.33.

Remove Ads

AT&T Trading Up 1.0 %

Shares of NYSE T traded up $0.25 during midday trading on Friday, hitting $25.88. The company's stock had a trading volume of 31,683,390 shares, compared to its average volume of 38,630,956. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The business's 50 day moving average is $23.23 and its two-hundred day moving average is $22.04. AT&T has a 12-month low of $15.94 and a 12-month high of $25.93. The firm has a market cap of $185.66 billion, a P/E ratio of 17.37, a price-to-earnings-growth ratio of 2.79 and a beta of 0.59.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. As a group, equities research analysts expect that AT&T will post 2.15 EPS for the current year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were paid a $0.2775 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.11 annualized dividend and a yield of 4.29%. AT&T's dividend payout ratio (DPR) is currently 74.50%.

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.