AT&T, Inc. (NYSE: T) is 28.13% higher on its value in year-to-date trading and has touched a low of $14.12 and a high of $21.00 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The T stock was last observed hovering at around $20.97 in the last trading session, with the day’s gains setting it 0.53%.
Currently trading at $21.50, the stock is 8.65% and 11.45% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 58.08 million and changing 2.53% at the moment leaves the stock 21.91% off its SMA200. T registered 47.16% gain for a year compared to 6-month gain of 25.00%.
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The stock witnessed a 10.82% loss in the last 1 month and extending the period to 3 months gives it a 18.78%, and is 8.04% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.43% over the week and 1.56% over the month.
AT&T, Inc. (T) has around 149900 employees, a market worth around $154.16B and $122.20B in sales. Current P/E ratio is 12.35 and Fwd P/E is 9.43. Profit margin for the company is 10.25%. Distance from 52-week low is 52.27% and 2.38% from its 52-week high. The company has generated returns on investments over the last 12 months (5.05%).
with sales reaching $30.49B over the same period.The EPS is expected to shrink by -8.54% this year, but quarterly earnings will post 0.20% year-over-year.
AT&T, Inc. (T) Top Institutional Holders
2973.0 institutions hold shares in AT&T, Inc. (T), with institutional investors hold 61.27% of the company’s shares. The shares outstanding are 7.15B, and float is at 7.15B with Short Float at 1.44%. Institutions hold 61.22% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 629.67 million shares valued at $12.03 billion. The investor’s holdings represent 8.7551% of the T Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 527.05 million shares valued at $10.07 billion to account for 7.3283 of the shares outstanding. The other top investors are STATE STREET CORP which holds 322.14 million shares representing 4.4791% and valued at over $6.16 billion, while NEWPORT TRUST CO holds 2.7527 of the shares totaling 197.98 million with a market value of $3.78 billion.
AT&T, Inc. (T) Insider Activity
The most recent transaction is an insider purchase by LUCZO STEPHEN J, the company’s Director. SEC filings show that LUCZO STEPHEN J bought 62,500 shares of the company’s common stock on Nov 13 ’23 at a price of $15.55 per share for a total of $0.97 million. Following the purchase, the insider now owns 0.4 million shares.
