AT&T Inc. $T Shares Sold by Bleakley Financial Group LLC

Bleakley Financial Group LLC decreased its holdings in shares of AT&T Inc. (NYSE:T) by 9.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 210,996 shares of the technology company’s stock after selling 22,677 shares during the quarter. Bleakley Financial Group LLC’s holdings in AT&T were worth $5,241,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GGM Financials LLC acquired a new stake in AT&T during the third quarter worth $25,000. Rachor Investment Advisory Services LLC acquired a new stake in shares of AT&T in the fourth quarter valued at $25,000. Cresta Advisors Ltd. acquired a new stake in shares of AT&T in the fourth quarter valued at $26,000. OFI Invest Asset Management grew its stake in shares of AT&T by 84.2% in the fourth quarter. OFI Invest Asset Management now owns 1,087,055 shares of the technology company’s stock valued at $27,000 after buying an additional 496,804 shares in the last quarter. Finally, Eagle Bay Advisors LLC acquired a new stake in shares of AT&T in the fourth quarter valued at $29,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

T has been the subject of a number of research reports. KeyCorp lifted their price objective on AT&T from $30.00 to $36.00 and gave the company an “overweight” rating in a research note on Wednesday, March 25th. Scotiabank dropped their price objective on AT&T from $31.50 to $31.00 and set a “sector perform” rating for the company in a research note on Thursday, April 23rd. Arete Research raised AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price objective for the company in a research note on Tuesday, March 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $33.00 price objective on shares of AT&T in a research note on Thursday, January 29th. Finally, Oppenheimer lifted their price objective on AT&T from $29.00 to $32.00 and gave the company an “outperform” rating in a research note on Wednesday, March 11th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.55.

AT&T Stock Down 0.8%

Shares of NYSE T opened at $25.06 on Wednesday. The company has a market capitalization of $174.13 billion, a price-to-earnings ratio of 8.41, a price-to-earnings-growth ratio of 0.92 and a beta of 0.23. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.92 and a quick ratio of 0.87. The business has a 50-day moving average of $26.56 and a two-hundred day moving average of $26.02. AT&T Inc. has a 1 year low of $22.95 and a 1 year high of $29.79.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. The company had revenue of $31.51 billion during the quarter, compared to the consensus estimate of $31.29 billion. AT&T had a return on equity of 12.49% and a net margin of 16.94%.AT&T’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.51 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, analysts forecast that AT&T Inc. will post 2.31 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Friday, April 10th were issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Friday, April 10th. AT&T’s payout ratio is 37.25%.

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.