AT&T Inc. (T) To Go Ex-Dividend on April 9th

AT&T Inc. (NYSE:T) announced a quarterly dividend on Friday, March 29th, RTT News reports. Investors of record on Wednesday, April 10th will be given a dividend of 0.2775 per share by the technology company on Wednesday, May 1st. This represents a $1.11 dividend on an annualized basis and a yield of 6.37%. The ex-dividend date of this dividend is Tuesday, April 9th.

AT&T has decreased its dividend payment by an average of 18.9% per year over the last three years. AT&T has a dividend payout ratio of 48.1% meaning its dividend is sufficiently covered by earnings. Analysts expect AT&T to earn $2.29 per share next year, which means the company should continue to be able to cover its $1.11 annual dividend with an expected future payout ratio of 48.5%.

AT&T Trading Down 0.9 %

Shares of T stock opened at $17.42 on Friday. The stock has a market cap of $124.60 billion, a price-to-earnings ratio of 8.89, a price-to-earnings-growth ratio of 2.63 and a beta of 0.57. The company has a quick ratio of 0.67, a current ratio of 0.71 and a debt-to-equity ratio of 1.09. AT&T has a fifty-two week low of $13.43 and a fifty-two week high of $19.99. The firm’s 50 day moving average price is $17.20 and its two-hundred day moving average price is $16.40.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, January 24th. The technology company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.01). The business had revenue of $32 billion for the quarter, compared to analyst estimates of $31.44 billion. AT&T had a net margin of 11.76% and a return on equity of 15.39%. The company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period last year, the firm earned $0.61 earnings per share. On average, analysts anticipate that AT&T will post 2.21 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Wells Fargo & Company boosted their target price on shares of AT&T from $17.00 to $20.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 13th. StockNews.com lowered shares of AT&T from a “buy” rating to a “hold” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft lifted their price target on shares of AT&T from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Tigress Financial lifted their price target on shares of AT&T from $28.00 to $29.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Finally, Citigroup lifted their price target on shares of AT&T from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, AT&T currently has a consensus rating of “Moderate Buy” and an average target price of $21.61.

Institutional Investors Weigh In On AT&T

Institutional investors have recently bought and sold shares of the stock. FWL Investment Management LLC acquired a new stake in AT&T in the 4th quarter valued at about $31,000. Financial Freedom LLC acquired a new stake in AT&T in the 4th quarter valued at about $34,000. Fortis Capital Advisors LLC acquired a new stake in AT&T in the 4th quarter valued at about $39,000. Point72 Europe London LLP acquired a new stake in AT&T in the 4th quarter valued at about $68,000. Finally, PCA Investment Advisory Services Inc. acquired a new stake in AT&T in the 2nd quarter valued at about $78,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Company Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.