Oppenheimer Asset Management Inc. Reduces Position in AT&T Inc. $T

Oppenheimer Asset Management Inc. trimmed its holdings in AT&T Inc. (NYSE:T) by 11.5% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,416,909 shares of the technology company’s stock after selling 184,272 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in AT&T were worth $40,014,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Front Row Advisors LLC bought a new position in AT&T during the second quarter valued at approximately $25,000. Mountain Hill Investment Partners Corp. lifted its holdings in shares of AT&T by 363.7% during the 3rd quarter. Mountain Hill Investment Partners Corp. now owns 895 shares of the technology company’s stock valued at $25,000 after buying an additional 702 shares during the period. Solstein Capital LLC lifted its holdings in shares of AT&T by 217.3% during the 2nd quarter. Solstein Capital LLC now owns 952 shares of the technology company’s stock valued at $28,000 after buying an additional 652 shares during the period. Curio Wealth LLC grew its holdings in shares of AT&T by 26,100.0% in the second quarter. Curio Wealth LLC now owns 1,048 shares of the technology company’s stock worth $30,000 after acquiring an additional 1,044 shares during the period. Finally, Cloud Capital Management LLC bought a new stake in shares of AT&T in the third quarter worth $31,000. Institutional investors own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Barclays reduced their price objective on AT&T from $28.00 to $26.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 13th. Wolfe Research cut shares of AT&T from an “outperform” rating to a “peer perform” rating in a research note on Monday, December 15th. UBS Group restated a “buy” rating on shares of AT&T in a research report on Thursday, January 29th. The Goldman Sachs Group reduced their target price on shares of AT&T from $33.00 to $29.00 and set a “buy” rating for the company in a report on Friday, December 19th. Finally, Sanford C. Bernstein dropped their price target on shares of AT&T from $31.00 to $30.00 and set an “outperform” rating on the stock in a research note on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $29.83.

AT&T Trading Down 0.6%

AT&T stock opened at $27.14 on Monday. AT&T Inc. has a 12-month low of $22.95 and a 12-month high of $29.79. The firm has a market capitalization of $192.41 billion, a price-to-earnings ratio of 8.90, a P/E/G ratio of 1.01 and a beta of 0.39. The firm has a 50 day moving average of $24.61 and a 200 day moving average of $26.32. The company has a current ratio of 0.91, a quick ratio of 0.86 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T) last posted its quarterly earnings results 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 during the quarter, compared to analyst estimates of $32.91 billion. AT&T had a net margin of 17.47% and a return on equity of 12.33%. The company’s revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.43 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, research analysts predict that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 2nd. Investors of record on Monday, January 12th were issued a $0.2775 dividend. The ex-dividend date of this dividend was Monday, January 12th. This represents a $1.11 annualized dividend and a yield of 4.1%. AT&T’s dividend payout ratio is currently 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.