Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. AT&T's shares outstanding for the quarter that ended in Dec. 2023 was 7,150 Mil.
AT&T's quarterly shares outstanding
increased
from Sep. 2023 (7,150 Mil) to Dec. 2023 (7,150 Mil).
It means AT&T issued new shares from Sep. 2023 to Dec. 2023 .
AT&T's annual shares outstanding
increased
from Dec. 2022 (7,128 Mil) to Dec. 2023 (7,150 Mil).
It means AT&T issued new shares from Dec. 2022 to Dec. 2023 .
AT&T Shares Outstanding (EOP) Historical Data
The historical data trend for AT&T's Shares Outstanding (EOP) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of AT&T's Shares Outstanding (EOP)
For the Telecom Services subindustry, AT&T's Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
AT&T's Shares Outstanding (EOP) Distribution in the Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, AT&T's Shares Outstanding (EOP) distribution charts can be found below:
* The bar in red indicates where AT&T's Shares Outstanding (EOP) falls into.
AT&T Shares Outstanding (EOP) Calculation
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
AT&T Shares Outstanding (EOP) Related Terms
Thank you for viewing the detailed overview of AT&T's Shares Outstanding (EOP) provided by GuruFocus.com. Please click on the following links to see related term pages.
The wireless business contributes about two thirds of AT&T's revenue following the spinoff of Warner Media. The firm is the third-largest U.S. wireless carrier, connecting 70 million postpaid and 18 million prepaid phone customers. Fixed-line enterprise services, which account for about 18% of revenue, include internet access, private networking, security, voice, and wholesale network capacity. Residential fixed-line services, about 11% of revenue, primarily consist of broadband internet access service. AT&T also has a sizable presence in Mexico, serving 22 million customers, but this business only accounts for 3% of revenue. The firm still holds a 70% equity stake in satellite television provider DirecTV but does not consolidate this business in its financial statements.
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