AT&T, Inc. (NYSE:T)’s traded shares stood at 4.13 million during the latest session, with the company’s beta value hitting 0.58. At the last check today, the stock’s price was $22.23, to imply an increase of 0.12% or $0.03 in intraday trading. The T share’s 52-week high remains $22.58, putting it -1.57% down since that peak but still an impressive 33.69% since price per share fell to its 52-week low of $14.74. The company has a valuation of $159.37B, with an average of 35.92 million shares in intraday trading volume over the past 10 days and average of 33.61 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for AT&T, Inc. (T), translating to a mean rating of 2.21. Of 25 analyst(s) looking at the stock, 1 analyst(s) give T a Sell rating. 1 of those analysts rate the stock as Overweight while 5 advise Hold as 18 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.49.
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AT&T, Inc. (NYSE:T) trade information
After registering a 0.12% upside in the latest session, AT&T, Inc. (T) has traded red over the past five days. The 5-day price performance for the stock is 1.72%, and 2.66% over 30 days. With these gigs, the year-to-date price performance is 32.46%. Short interest in AT&T, Inc. (NYSE:T) saw shorts transact 129.61 million shares and set a 3.17 days time to cover.
The extremes give us $19 and $41 for target low and target high price respectively. As such, T has been trading -84.44% off suggested target high and 14.53% from its likely low.
AT&T, Inc. (T) estimates and forecasts
Looking at statistics comparing AT&T, Inc. share performance against respective industry, we note that the company has underperformed competitors. AT&T, Inc. (T) shares are 32.70% up over the last 6 months, with its year-to-date growth rate lower than industry average at -7.88% against 4.80%. Revenue is forecast to shrink -9.30% this quarter before jumping 3.60% for the next one. The rating firms project that company’s revenue will shrink -0.20% compared to the previous financial year.
Revenue forecast for the current quarter as set by 17 analysts is 32.1B. Meanwhile, for the current quarter, a total of 8 analyst(s) estimate revenue growth to 30.51B.Earnings reports from the last fiscal year show that sales brought in 32.02B and 30.54B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 0.20% before dropping -0.10% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -7.15% for the past 5-year period. While 2024 is set for a -8.27% return in earnings, projections for the next 5 years are at 2.28% annually.
T Dividends
AT&T, Inc. has its next earnings report out on 2025-Jan-22. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. AT&T, Inc. has a forward dividend ratio of 1.11, with the share yield ticking at 4.99% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 7.1%.
AT&T, Inc. (NYSE:T)’s Major holders
AT&T, Inc. insiders hold 0.08% of total outstanding shares, with institutional holders owning 61.09% of the shares at 61.15% float percentage. In total, 61.09% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 629.67 million shares (or 8.7551% of shares), all amounting to roughly $12.03 billion.
The next major institution holding the largest number of shares is BLACKROCK INC. with 527.05 million shares, or about 7.3283% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $10.07 billion.
We also have Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund as the top two Mutual Funds with the largest holdings of the AT&T, Inc. (T) shares. Going by data provided on Jun 30, 2024, Vanguard Total Stock Market Index Fund holds roughly 226.42 shares. This is just over 3.16% of the total shares, with a market valuation of $5.03 billion. Data from the same date shows that the other fund manager holds a little less at 184.03, or 2.57% of the shares, all valued at about 4.09 billion.
