Banco Bilbao Vizcaya Argentaria S.A. Lowers Stock Holdings in AT&T Inc. $T

Banco Bilbao Vizcaya Argentaria S.A. trimmed its position in shares of AT&T Inc. (NYSE:T) by 2.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,260,369 shares of the technology company’s stock after selling 33,963 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in AT&T were worth $31,308,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of T. GGM Financials LLC purchased a new position in AT&T during the 3rd quarter valued at about $25,000. Rachor Investment Advisory Services LLC purchased a new position in AT&T during the 4th quarter valued at about $25,000. Cresta Advisors Ltd. purchased a new position in AT&T during the 4th quarter valued at about $26,000. Blueline Advisors LLC purchased a new position in AT&T during the 4th quarter valued at about $26,000. Finally, Winnow Wealth LLC boosted its holdings in AT&T by 362.8% during the 4th quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company’s stock valued at $26,000 after acquiring an additional 820 shares during the period. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Price Performance

Shares of NYSE T opened at $22.43 on Thursday. 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 fifty-two week low of $22.25 and a fifty-two week high of $29.79. The firm has a market capitalization of $155.87 billion, a PE ratio of 7.53, a price-to-earnings-growth ratio of 0.96 and a beta of 0.21. The stock’s 50-day simple moving average is $25.00 and its 200-day simple moving average is $25.80.

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

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Friday, April 10th were given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend was Friday, April 10th. AT&T’s dividend payout ratio (DPR) is 37.25%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on T shares. Citigroup lifted 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. Scotiabank decreased 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. Weiss Ratings cut AT&T from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. BNP Paribas Exane decreased their price objective on AT&T from $28.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. Finally, Wall Street Zen cut AT&T from a “hold” rating to a “sell” rating in a research note on Saturday, May 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $30.55.

About AT&T

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.