AT&T Inc. (NYSE: T) director Matthew K. Rose bought 40,000 shares of T common stock for $33.85 per share, according to a regulatory filing. Rose made a total investment of $1.35 million.
AT&T shares are marginally higher in pre-market trading today. The stock had finished 0.5% higher at $33.85 in Wednesday’s trading session. The stock is up 0.30% in pre-market trading today.
AT&T shares are below their 52-week high of $38.58. Year-to-date, the stock has gained 11.94%, outperforming the S&P 500, which has gained 10.60% in the same period.
Based in Dallas, Texas, AT&T is a provider of telecommunications services in the U.S. and worldwide. The company’s services include wireless communications, local exchange services and long-distance service.
AT&T reported its most recent quarterly results back in October. For the third quarter ended September 30, 2012, T reported consolidated revenue of $31.5 billion, flat compared to the same period in the previous year. After excluding the divested Advertising Solutions business unit, the company’s consolidated revenue for the quarter rose 2.6%.
AT&T’s net income for the third quarter of 2012 was $3.6 billion, or $0.63 per share. The company’s cash from operating activities for the third quarter totaled $11.5 billion, which is a record for the company.
The company’s total wireless revenue for the quarter, including equipment sales, totaled $16.6 billion, representing an increase of 6.6% over the same period in the previous year. The company’s postpaid ARPU rose 2.4% in the quarter to $65.20, which is the strongest growth in six quarters.
During the third quarter, the company sold 6.1 million smartphones, 1.3 million more than the third quarter of 2011.
Randall Stephenson, Chairman and CEO of AT&T, said last month that the company had another impressive quarter with strong earnings growth, record cash flows and solid returns to shareholders through dividends and share buybacks.