AT&T Inc. (NYSE:T) Declares Quarterly Dividend of $0.28

AT&T Inc. (NYSE:T - Get Free Report) declared a quarterly dividend on Wednesday, June 25th, RTT News reports. Investors of record on Thursday, July 10th will be paid a dividend of 0.2775 per share by the technology company on Friday, August 1st. This represents a $1.11 dividend on an annualized basis and a yield of 3.97%.

AT&T has a payout ratio of 49.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect AT&T to earn $2.27 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 48.9%.

AT&T Stock Performance

NYSE T traded down $0.35 during midday trading on Wednesday, hitting $27.93. The company had a trading volume of 26,183,730 shares, compared to its average volume of 36,471,619. The firm has a fifty day simple moving average of $27.57 and a two-hundred day simple moving average of $25.86. AT&T has a fifty-two week low of $18.14 and a fifty-two week high of $29.03. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 0.98. The stock has a market cap of $200.97 billion, a price-to-earnings ratio of 17.13, a P/E/G ratio of 4.00 and a beta of 0.41.

AT&T (NYSE:T - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). The firm had revenue of $30.63 billion during the quarter, compared to the consensus estimate of $30.39 billion. AT&T had a return on equity of 13.63% and a net margin of 9.64%. The firm's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the business earned $0.55 earnings per share. Equities analysts forecast that AT&T will post 2.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. TD Securities lifted their target price on shares of AT&T from $29.00 to $30.00 and gave the company a "hold" rating in a research report on Thursday, April 24th. Citigroup reaffirmed a "buy" rating on shares of AT&T in a report on Tuesday, June 17th. Barclays increased their target price on AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. Morgan Stanley restated an "overweight" rating and set a $31.00 target price (up previously from $30.00) on shares of AT&T in a research report on Thursday, April 24th. Finally, Williams Trading set a $30.00 price target on AT&T in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, AT&T presently has an average rating of "Moderate Buy" and a consensus target price of $28.76.

Institutional Inflows and Outflows

An institutional investor recently raised its position in AT&T stock. Brighton Jones LLC increased its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 26.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,579 shares of the technology company's stock after buying an additional 10,188 shares during the period. Brighton Jones LLC's holdings in AT&T were worth $1,106,000 at the end of the most recent quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

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.

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