A company’s directors tend to have a unique inside view into the business, so when directors make major purchases, investors are wise to take notice. Presumably the only reason a company director would choose to take their hard-earned cash and use it to buy stock on the open market is that they expect to make money – maybe they find the stock very undervalued, or maybe they see it as exciting. advancement within the company, or perhaps both. So in this series we look at the largest insider purchases by corporate directors during the six-month period, one of which was a total of $971.9K from Stephen J. Luczo, Director at AT&T Inc (Symbol: T).
Purchased | Insider | Title | Shares | Price/Share | Value |
---|---|---|---|---|---|
13/11/2023 | Stephen J. Luczo | Director | 62,500 | $15.55 | $971,875.00 |
The average cost of Luczo works out to $15.55/share. Shares of AT&T Inc changed hands at $16.11 at last check, trading down about 0.4% on Wednesday. The chart below shows the one-year performance of T stock, against its 200-day moving average:
![Chart of AT&T Inc](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png)
Looking at the chart above, T’s low point in its 52-week range is $13.43 per share, with $20.50 as the 52-week high point – that compares to a last trade of $16.11.
The current annualized dividend paid by AT&T Inc is $1.11/share, currently paid in quarterly installments, and its most recent ex-dividend date was 06/10/2023. Below is a long-term dividend history chart for T, which can be of good help in judging whether the most recent dividend with approx. 6.9% annual return is likely to continue.
![T+Dividend+History+chart](https://www.nasdaq.com/sites/acquia.prod/files/ARP-Inline-Image.png)
See also:
• Institutional Owners of QTNT
• Funds Holding GWRE
• XOXO YTD Return
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.