Berkeley Capital Partners LLC Sells 47,769 Shares of AT&T Inc. $T

Berkeley Capital Partners LLC reduced its holdings in AT&T Inc. (NYSE:T) by 69.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 21,174 shares of the technology company’s stock after selling 47,769 shares during the period. Berkeley Capital Partners LLC’s holdings in AT&T were worth $598,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the business. J. L. Bainbridge & Co. Inc. grew its stake in shares of AT&T by 1.7% in the second quarter. J. L. Bainbridge & Co. Inc. now owns 21,253 shares of the technology company’s stock worth $615,000 after acquiring an additional 355 shares during the last quarter. Financial & Tax Architects LLC grew its position in AT&T by 4.9% in the 2nd quarter. Financial & Tax Architects LLC now owns 7,588 shares of the technology company’s stock worth $220,000 after purchasing an additional 356 shares during the last quarter. Roberts Glore & Co. Inc. IL grew its position in AT&T by 2.0% in the 2nd quarter. Roberts Glore & Co. Inc. IL now owns 18,386 shares of the technology company’s stock worth $532,000 after purchasing an additional 357 shares during the last quarter. Investment Partners LTD. grew its position in AT&T by 3.5% in the 2nd quarter. Investment Partners LTD. now owns 10,464 shares of the technology company’s stock worth $303,000 after purchasing an additional 357 shares during the last quarter. Finally, Parcion Private Wealth LLC increased its holdings in shares of AT&T by 2.5% during the 2nd quarter. Parcion Private Wealth LLC now owns 14,910 shares of the technology company’s stock worth $431,000 after purchasing an additional 364 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on T shares. Loop Capital set a $29.00 target price on shares of AT&T in a research note on Friday, December 19th. 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. Weiss Ratings reissued a “buy (b-)” rating on shares of AT&T in a report on Monday, December 29th. Scotiabank restated a “sector perform” rating and issued a $29.50 target price on shares of AT&T in a research note on Wednesday, January 7th. Finally, Citigroup reduced their target price 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. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $29.93.

AT&T Stock Down 0.1%

Shares of NYSE T opened at $27.85 on Friday. AT&T Inc. has a 52-week low of $22.95 and a 52-week high of $29.79. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.86 and a current ratio of 0.91. The business has a fifty day moving average of $25.18 and a two-hundred day moving average of $26.37. The stock has a market cap of $194.95 billion, a PE ratio of 9.13, a PEG ratio of 1.03 and a beta of 0.39.

AT&T (NYSE:T) last posted its earnings results on Wednesday, January 28th. The technology company reported $0.52 earnings per share for the quarter, topping the consensus estimate 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 net margin of 17.47% and a return on equity of 12.33%. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.43 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, equities research analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Monday, January 12th were issued a dividend of $0.2775 per share. The ex-dividend date of this dividend was Monday, January 12th. This represents a $1.11 annualized dividend and a dividend yield of 4.0%. 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.