AT&T Inc. $T Shares Sold by Ascent Group LLC

Ascent Group LLC trimmed its holdings in AT&T Inc. (NYSE:TFree Report) by 7.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 274,823 shares of the technology company’s stock after selling 21,267 shares during the quarter. Ascent Group LLC’s holdings in AT&T were worth $6,827,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Financial & Tax Architects LLC lifted its position in shares of AT&T by 4.9% during the 2nd quarter. Financial & Tax Architects LLC now owns 7,588 shares of the technology company’s stock worth $220,000 after buying an additional 356 shares during the last quarter. Global Wealth Strategies & Associates grew its position in shares of AT&T by 10.7% in the 3rd quarter. Global Wealth Strategies & Associates now owns 4,025 shares of the technology company’s stock valued at $114,000 after buying an additional 390 shares during the last quarter. Gentry Private Wealth LLC grew its position in shares of AT&T by 1.7% in the 3rd quarter. Gentry Private Wealth LLC now owns 23,537 shares of the technology company’s stock valued at $665,000 after buying an additional 393 shares during the last quarter. Thoroughbred Financial Services LLC raised its stake in 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 acquiring an additional 406 shares in the last quarter. Finally, Stockman Wealth Management Inc. raised its stake in AT&T by 5.4% during the 3rd quarter. Stockman Wealth Management Inc. now owns 8,061 shares of the technology company’s stock worth $228,000 after acquiring an additional 415 shares in the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on T. Sanford C. Bernstein reduced their price objective on AT&T from $31.00 to $30.00 and set an “outperform” rating for the company in a research note on Friday, January 16th. Williams Trading set a $32.00 target price on shares of AT&T in a report on Thursday, January 29th. Arete Research upgraded shares of AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price target for the company in a research report on Tuesday, March 10th. Barclays decreased their price target on shares of AT&T from $28.00 to $26.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 13th. Finally, Wells Fargo & Company lowered their price objective on shares of AT&T from $29.00 to $27.00 and set an “overweight” rating on the stock in a research report on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, AT&T presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.74.

Check Out Our Latest Analysis on AT&T

AT&T Stock Down 0.1%

Shares of AT&T stock opened at $28.31 on Friday. The company has a market cap of $197.72 billion, a P/E ratio of 9.28, a PEG ratio of 1.06 and a beta of 0.34. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.86 and a current ratio of 0.91. AT&T Inc. has a one year low of $22.95 and a one year high of $29.79. The firm has a fifty day moving average of $27.71 and a two-hundred day moving average of $26.21.

AT&T (NYSE:TGet Free Report) last posted its quarterly earnings results on Wednesday, January 28th. The technology company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.46 by $0.06. AT&T had a return on equity of 12.33% and a net margin of 17.47%.The business had revenue of $33.47 billion during the quarter, compared to analysts’ expectations of $32.91 billion. During the same period last year, the firm earned $0.43 EPS. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, April 10th. AT&T’s payout ratio is 36.39%.

AT&T News Summary

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

About AT&T

(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.

Read More

Want to see what other hedge funds are holding T? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AT&T Inc. (NYSE:TFree Report).

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

Receive News & Ratings for AT&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T and related companies with MarketBeat.com's FREE daily email newsletter.