Bollard Group LLC Cuts Holdings in AT&T Inc. $T

Bollard Group LLC trimmed its holdings in shares of AT&T Inc. (NYSE:T) by 17.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 216,684 shares of the technology company’s stock after selling 45,671 shares during the period. Bollard Group LLC’s holdings in AT&T were worth $5,382,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of T. Brighton Jones LLC raised its stake in shares of AT&T by 26.5% during the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock worth $1,106,000 after buying an additional 10,188 shares in the last quarter. Osterweis Capital Management Inc. raised its stake in shares of AT&T by 4,352.9% during the 2nd quarter. Osterweis Capital Management Inc. now owns 6,234 shares of the technology company’s stock worth $180,000 after buying an additional 6,094 shares in the last quarter. Main Street Financial Solutions LLC raised its stake in shares of AT&T by 4.0% during the 2nd quarter. Main Street Financial Solutions LLC now owns 26,796 shares of the technology company’s stock worth $775,000 after buying an additional 1,022 shares in the last quarter. HUB Investment Partners LLC raised its stake in shares of AT&T by 19.6% during the 2nd quarter. HUB Investment Partners LLC now owns 55,730 shares of the technology company’s stock worth $1,613,000 after buying an additional 9,115 shares in the last quarter. Finally, Peapack Gladstone Financial Corp raised its stake in shares of AT&T by 1.8% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 207,063 shares of the technology company’s stock worth $5,992,000 after buying an additional 3,677 shares in the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Price Performance

Shares of NYSE:T opened at $23.54 on Friday. The business’s fifty day moving average price is $25.32 and its two-hundred day moving average price is $25.86. The stock has a market cap of $163.56 billion, a PE ratio of 7.90, a price-to-earnings-growth ratio of 0.98 and a beta of 0.21. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.87 and a current ratio of 0.92. AT&T Inc. has a one year low of $22.32 and a one year high of $29.79.

AT&T (NYSE:T) last announced its earnings results on Wednesday, April 22nd. The technology company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. The firm had revenue of $31.51 billion for the quarter, compared to analysts’ expectations of $31.29 billion. AT&T had a return on equity of 12.49% and a net margin of 16.94%.AT&T’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm 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 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Friday, April 10th were issued a dividend of $0.2775 per share. The ex-dividend date was Friday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.7%. AT&T’s dividend payout ratio (DPR) is 37.25%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on T shares. Royal Bank Of Canada reissued an “outperform” rating and set a $31.00 target price on shares of AT&T in a research note on Wednesday, May 20th. Morgan Stanley initiated coverage on AT&T in a research note on Thursday, April 16th. They issued an “overweight” rating and a $30.00 price objective for the company. 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. KeyCorp raised 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. Finally, Citigroup raised their price objective on AT&T from $29.00 to $31.50 and gave the company a “buy” rating in a research note on Monday, March 23rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, AT&T presently has an average rating of “Moderate Buy” and an average price target of $30.55.

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.