Boothbay Fund Management LLC Decreases Stock Position in AT&T Inc. $T

Boothbay Fund Management LLC lessened its position in AT&T Inc. (NYSE:T) by 40.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 733,730 shares of the technology company’s stock after selling 503,003 shares during the quarter. AT&T comprises 0.3% of Boothbay Fund Management LLC’s holdings, making the stock its 23rd largest position. Boothbay Fund Management LLC’s holdings in AT&T were worth $18,226,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. GGM Financials LLC acquired a new stake in shares of AT&T in the third quarter valued at approximately $25,000. Rachor Investment Advisory Services LLC acquired a new stake in shares of AT&T in the fourth quarter valued at approximately $25,000. Cresta Advisors Ltd. acquired a new stake in shares of AT&T in the fourth quarter valued at approximately $26,000. Blueline Advisors LLC acquired a new stake in shares of AT&T in the fourth quarter valued at approximately $26,000. Finally, Winnow Wealth LLC increased its holdings in shares of AT&T by 362.8% in the fourth quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company’s stock valued at $26,000 after purchasing an additional 820 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

T stock opened at $22.43 on Thursday. The business has a fifty day moving average of $25.00 and a two-hundred day moving average of $25.80. 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 stock has a market cap of $155.87 billion, a price-to-earnings ratio of 7.53, a price-to-earnings-growth ratio of 0.96 and a beta of 0.21. AT&T Inc. has a 52-week low of $22.25 and a 52-week high of $29.79.

AT&T (NYSE:T) last posted 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 company had revenue of $31.51 billion during 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%.The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.51 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, research analysts anticipate that AT&T Inc. will post 2.31 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Friday, April 10th were paid a $0.2775 dividend. The ex-dividend date of this dividend was Friday, April 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.9%. AT&T’s payout ratio is presently 37.25%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $31.00 price target on shares of AT&T in a report on Wednesday, May 20th. Citigroup increased their price target on AT&T from $29.00 to $31.50 and gave the company a “buy” rating in a report on Monday, March 23rd. Wall Street Zen cut AT&T from a “hold” rating to a “sell” rating in a report on Saturday, May 30th. KeyCorp increased their price target on AT&T from $30.00 to $36.00 and gave the company an “overweight” rating in a report on Wednesday, March 25th. Finally, BNP Paribas Exane cut their price target on AT&T from $28.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $30.55.

AT&T 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.