AT&T Inc. $T Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. reduced its position in shares of AT&T Inc. (NYSE:T) by 12.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 762,849 shares of the technology company’s stock after selling 109,456 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in AT&T were worth $21,543,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new position in AT&T in the second quarter valued at approximately $2,228,655,000. Vanguard Group Inc. increased its stake in AT&T by 1.6% during the second quarter. Vanguard Group Inc. now owns 661,355,210 shares of the technology company’s stock worth $19,139,620,000 after acquiring an additional 10,310,560 shares during the last quarter. Marshall Wace LLP purchased a new stake in AT&T in the second quarter valued at $235,422,000. State Street Corp lifted its stake in shares of AT&T by 2.4% in the 2nd quarter. State Street Corp now owns 321,070,509 shares of the technology company’s stock valued at $9,291,781,000 after purchasing an additional 7,404,376 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its stake in shares of AT&T by 59.6% in the 2nd quarter. Acadian Asset Management LLC now owns 14,493,357 shares of the technology company’s stock valued at $419,403,000 after purchasing an additional 5,410,596 shares during the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

T has been the subject of a number of recent analyst reports. Citigroup cut their price objective on AT&T from $32.00 to $29.00 and set a “buy” rating for the company in a research report on Monday, December 22nd. Royal Bank Of Canada dropped their price target on shares of AT&T from $31.00 to $30.00 and set an “outperform” rating for the company in a research report on Thursday, October 23rd. The Goldman Sachs Group reduced their price target on shares of AT&T from $33.00 to $29.00 and set a “buy” rating on the stock in a research note on Friday, December 19th. Scotiabank restated a “sector perform” rating and issued a $29.50 price objective on shares of AT&T in a report on Wednesday, January 7th. Finally, Morgan Stanley dropped their target price on shares of AT&T from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Wednesday, December 10th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, AT&T currently has an average rating of “Moderate Buy” and a consensus price target of $29.83.

AT&T Price Performance

AT&T stock opened at $27.14 on Monday. The company has a quick ratio of 0.86, a current ratio of 0.91 and a debt-to-equity ratio of 1.00. AT&T Inc. has a 52-week low of $22.95 and a 52-week high of $29.79. The firm has a market cap of $192.41 billion, a PE ratio of 8.90, a price-to-earnings-growth ratio of 1.01 and a beta of 0.39. The company’s 50 day moving average is $24.61 and its two-hundred day moving average is $26.32.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, January 28th. The technology company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.06. The business had revenue of $33.47 billion for the quarter, compared to analyst estimates of $32.91 billion. AT&T had a return on equity of 12.33% and a net margin of 17.47%.During the same quarter in the prior year, the company earned $0.43 earnings per share. The company’s revenue was up 3.6% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, research analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Monday, January 12th were paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Monday, January 12th. AT&T’s dividend payout ratio (DPR) is presently 36.39%.

AT&T Company Profile

AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.

AT&T’s product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.