Short Interest in AT&T Inc. (T) Declines By 5.9%

AT&T Inc. (NYSE:T) was the recipient of a significant decline in short interest in November. As of November 30th, there was short interest totalling 210,859,705 shares, a decline of 5.9% from the November 15th total of 224,141,740 shares. Based on an average trading volume of 34,352,531 shares, the days-to-cover ratio is presently 6.1 days. Approximately 3.4% of the shares of the stock are short sold.

Several research firms have issued reports on T. Vetr downgraded AT&T from a “strong-buy” rating to a “buy” rating and set a $44.24 price objective on the stock. in a report on Friday, October 6th. Morgan Stanley boosted their price objective on AT&T from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 27th. Zacks Investment Research upgraded AT&T from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a report on Wednesday, October 11th. Robert W. Baird restated an “outperform” rating and set a $43.00 price objective on shares of AT&T in a report on Thursday, September 21st. Finally, KeyCorp restated a “hold” rating on shares of AT&T in a report on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and eleven have issued a buy rating to the stock. AT&T has an average rating of “Hold” and a consensus target price of $42.83.

AT&T (NYSE:T) opened at $38.55 on Thursday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.60 and a current ratio of 1.60. AT&T has a 12 month low of $32.55 and a 12 month high of $43.03. The firm has a market capitalization of $236,660.00, a PE ratio of 13.13, a price-to-earnings-growth ratio of 3.20 and a beta of 0.44.

AT&T (NYSE:T) last released its earnings results on Tuesday, October 24th. The technology company reported $0.74 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.01). The business had revenue of $39.67 billion for the quarter, compared to analysts’ expectations of $40.34 billion. AT&T had a net margin of 8.00% and a return on equity of 14.49%. The company’s revenue was down 3.0% compared to the same quarter last year. During the same period last year, the firm earned $0.74 EPS. equities research analysts forecast that AT&T will post 2.92 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be paid a $0.50 dividend. This is a boost from AT&T’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, January 9th. This represents a $2.00 annualized dividend and a dividend yield of 5.19%. AT&T’s payout ratio is presently 94.23%.

In related news, Director Matthew K. Rose acquired 29,600 shares of the business’s stock in a transaction on Wednesday, October 25th. The shares were purchased at an average price of $33.75 per share, for a total transaction of $999,000.00. Following the acquisition, the director now owns 3,100 shares in the company, valued at $104,625. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.09% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Parametric Portfolio Associates LLC lifted its holdings in AT&T by 2.7% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 15,877,935 shares of the technology company’s stock worth $621,939,000 after purchasing an additional 423,130 shares during the last quarter. AXA lifted its holdings in AT&T by 9.3% in the 3rd quarter. AXA now owns 4,217,012 shares of the technology company’s stock worth $165,181,000 after purchasing an additional 360,382 shares during the last quarter. Chicago Partners Investment Group LLC lifted its holdings in AT&T by 87.6% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 12,039 shares of the technology company’s stock worth $472,000 after purchasing an additional 5,621 shares during the last quarter. Institutional & Family Asset Management LLC lifted its holdings in AT&T by 2.5% in the 3rd quarter. Institutional & Family Asset Management LLC now owns 101,445 shares of the technology company’s stock worth $3,974,000 after purchasing an additional 2,444 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC acquired a new stake in AT&T in the 3rd quarter worth approximately $7,140,000. 55.76% of the stock is owned by institutional investors and hedge funds.

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About AT&T

AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.

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