Dakota Wealth Management Sells 93,134 Shares of AT&T Inc. $T

Dakota Wealth Management lowered its stake in AT&T Inc. (NYSE:TFree Report) by 67.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 44,356 shares of the technology company’s stock after selling 93,134 shares during the quarter. Dakota Wealth Management’s holdings in AT&T were worth $1,102,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Financial & Tax Architects LLC increased its stake in AT&T by 4.9% in the second quarter. Financial & Tax Architects LLC now owns 7,588 shares of the technology company’s stock valued at $220,000 after purchasing an additional 356 shares in the last quarter. Global Wealth Strategies & Associates raised its holdings in shares of AT&T by 10.7% during the third quarter. Global Wealth Strategies & Associates now owns 4,025 shares of the technology company’s stock valued at $114,000 after purchasing an additional 390 shares during the period. Gentry Private Wealth LLC boosted its position in shares of AT&T by 1.7% during the 3rd quarter. Gentry Private Wealth LLC now owns 23,537 shares of the technology company’s stock worth $665,000 after purchasing an additional 393 shares in the last quarter. Thoroughbred Financial Services LLC boosted its position in shares of AT&T by 2.8% during the 3rd quarter. Thoroughbred Financial Services LLC now owns 14,847 shares of the technology company’s stock worth $419,000 after purchasing an additional 406 shares in the last quarter. Finally, Stockman Wealth Management Inc. grew its stake in shares of AT&T by 5.4% in the 3rd quarter. Stockman Wealth Management Inc. now owns 8,061 shares of the technology company’s stock valued at $228,000 after buying an additional 415 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on T. The Goldman Sachs Group decreased their target price on AT&T from $33.00 to $29.00 and set a “buy” rating for the company in a research report on Friday, December 19th. Wolfe Research cut AT&T from an “outperform” rating to a “peer perform” rating in a research note on Monday, December 15th. Oppenheimer boosted their price objective on AT&T from $29.00 to $32.00 and gave the company an “outperform” rating in a report on Wednesday, March 11th. KeyCorp upped their target price on AT&T from $30.00 to $36.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 25th. Finally, Williams Trading set a $32.00 target price on AT&T in a report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, AT&T presently has a consensus rating of “Moderate Buy” and an average price target of $30.72.

Read Our Latest Stock Analysis on AT&T

AT&T News Summary

Here are the key news stories impacting AT&T this week:

AT&T Stock Performance

Shares of AT&T stock opened at $29.16 on Monday. The business’s fifty day simple moving average is $27.21 and its 200 day simple moving average is $26.22. The firm has a market capitalization of $203.66 billion, a P/E ratio of 9.56, a price-to-earnings-growth ratio of 1.09 and a beta of 0.39. AT&T Inc. has a 12 month low of $22.95 and a 12 month high of $29.79. 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:TGet Free Report) last posted its quarterly earnings data 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 analysts’ expectations of $32.91 billion. AT&T had a return on equity of 12.33% and a net margin of 17.47%.The business’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.43 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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