Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 68,022 Shares of AT&T Inc. $T

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its position in shares of AT&T Inc. (NYSE:T) by 4.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,649,046 shares of the technology company’s stock after selling 68,022 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in AT&T were worth $40,962,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. WASHINGTON TRUST Co lifted its holdings in shares of AT&T by 10.0% during the 4th quarter. WASHINGTON TRUST Co now owns 99,129 shares of the technology company’s stock worth $2,462,000 after acquiring an additional 8,986 shares during the period. Edgemoor Investment Advisors Inc. lifted its holdings in shares of AT&T by 1.1% during the 4th quarter. Edgemoor Investment Advisors Inc. now owns 325,636 shares of the technology company’s stock worth $8,089,000 after acquiring an additional 3,690 shares during the period. Norges Bank bought a new stake in shares of AT&T during the 4th quarter worth approximately $2,181,977,000. Madison Wealth Partners Inc lifted its holdings in shares of AT&T by 5.1% during the 4th quarter. Madison Wealth Partners Inc now owns 16,275 shares of the technology company’s stock worth $404,000 after acquiring an additional 789 shares during the period. Finally, Hilltop Partners LLC lifted its holdings in shares of AT&T by 78.8% during the 4th quarter. Hilltop Partners LLC now owns 15,876 shares of the technology company’s stock worth $394,000 after acquiring an additional 6,999 shares during the period. Institutional investors own 57.10% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Royal Bank Of Canada reiterated an “outperform” rating and set a $31.00 price objective on shares of AT&T in a research report on Wednesday, May 20th. Morgan Stanley initiated coverage on shares of AT&T in a research report on Thursday, April 16th. They set an “overweight” rating and a $30.00 price objective for the company. Citigroup increased their price objective on shares of AT&T from $29.00 to $31.50 and gave the stock a “buy” rating in a research report on Monday, March 23rd. Arete Research upgraded shares of AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price objective for the company in a research report on Tuesday, March 10th. Finally, BNP Paribas Exane decreased their price objective on shares of AT&T from $28.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $30.55.

AT&T Trading Down 0.3%

T opened at $24.80 on Friday. AT&T Inc. has a twelve month low of $22.95 and a twelve month high of $29.79. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 1.05. The company has a fifty day moving average of $26.39 and a 200-day moving average of $26.01. The stock has a market cap of $172.33 billion, a PE ratio of 8.32, a price-to-earnings-growth ratio of 0.90 and a beta of 0.23.

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

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Friday, April 10th were paid a dividend of $0.2775 per share. The ex-dividend date of this dividend was Friday, April 10th. This represents a $1.11 annualized dividend and a yield of 4.5%. AT&T’s dividend payout ratio is currently 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.