On April 5, 2023 at 15:43:00 ET an unusually large
$1,014.00K block of Call contracts in AT & T
(T) was sold,
with a strike price of $16.00 / share, expiring in 16 days (on April 21, 2023).
Fintel tracks all large options trades, and the premium spent on this trade was 26.28 sigmas above the mean, placing it in the 100.00 percentile of all recent large trades made in T options.
This trade was first picked up on Fintel’s real time Unusual Option Trades
tool, where unusual option trades are highlighted.
Analyst Price Forecast Suggests 9.72% Upside
As of March 31, 2023,
the average one-year price target for AT & T is $21.55.
The forecasts range from a low of $9.09 to a high of $29.40.
The average price target represents an increase of 9.72% from its latest reported closing price of $19.64.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for AT & T
is $125,417MM, an increase of 3.87%.
The projected annual non-GAAP EPS
is $2.62.
What is the Fund Sentiment?
There are 3148 funds or institutions reporting positions in AT & T.
This is a decrease
of
118
owner(s) or 3.61% in the last quarter.
Average portfolio weight of all funds dedicated to T is 0.42%,
a decrease
of 1.10%.
Total shares owned by institutions increased
in the last three months by 2.68% to 4,133,339K shares.
The put/call ratio of T is 0.51, indicating a
bullish
outlook.
What are Large Shareholders Doing?
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
holds 216,643K shares
representing 3.04% ownership of the company.
In it’s prior filing, the firm reported owning 212,603K shares, representing
an increase
of 1.86%.
The firm
increased
its portfolio allocation in T by 12.94% over the last quarter.
Newport Trust
holds 195,316K shares
representing 2.74% ownership of the company.
In it’s prior filing, the firm reported owning 203,166K shares, representing
a decrease
of 4.02%.
The firm
decreased
its portfolio allocation in T by 5.30% over the last quarter.
VFINX – Vanguard 500 Index Fund Investor Shares
holds 164,756K shares
representing 2.31% ownership of the company.
In it’s prior filing, the firm reported owning 161,540K shares, representing
an increase
of 1.95%.
The firm
increased
its portfolio allocation in T by 12.77% over the last quarter.
Geode Capital Management
holds 133,857K shares
representing 1.88% ownership of the company.
In it’s prior filing, the firm reported owning 133,693K shares, representing
an increase
of 0.12%.
The firm
increased
its portfolio allocation in T by 11.08% over the last quarter.
Spdr S&p 500 Etf Trust
holds 79,091K shares
representing 1.11% ownership of the company.
In it’s prior filing, the firm reported owning 77,280K shares, representing
an increase
of 2.29%.
The firm
increased
its portfolio allocation in T by 12.36% over the last quarter.
AT&T Background Information
(This description is provided by the company.)
AT&T Inc. is a diversified, global leader in telecommunications, media and entertainment, and technology. AT&T Communications provides more than 100 million U.S. consumers with entertainment and communications experiences across TV, mobile and broadband. Plus, it serves high-speed, highly secure connectivity and smart solutions to nearly 3 million business customers. WarnerMedia is a leading media and entertainment company that creates and distributes premium and popular content to global audiences through its consumer brands, including: HBO, HBO Max, Warner Bros., TNT, TBS, truTV, CNN, DC Entertainment, New Line, Cartoon Network, Adult Swim and Turner Classic Movies. Xandr, now part of WarnerMedia, provides marketers with innovative and relevant advertising solutions for consumers around premium video content and digital advertising through its platform. AT&T Latin America provides pay-TV services across 10 countries and territories in Latin America and the Caribbean and wireless services to consumers and businesses in Mexico.
AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc. Additional information is available at about.att.com. © 2020 AT&T Intellectual Property. All rights reserved. AT&T, the Globe logo and other marks are trademarks and service marks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks contained herein are the property of their respective owners.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
