BCS Wealth Management Trims Holdings in AT&T Inc. $T

BCS Wealth Management lessened its holdings in shares of AT&T Inc. (NYSE:T) by 51.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,895 shares of the technology company’s stock after selling 40,921 shares during the period. BCS Wealth Management’s holdings in AT&T were worth $1,099,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of T. GGM Financials LLC bought a new stake in AT&T during the 3rd quarter valued at approximately $25,000. Safe Harbor Fiduciary LLC purchased a new position in shares of AT&T during the 4th quarter worth approximately $25,000. Rachor Investment Advisory Services LLC bought a new position in shares of AT&T in the 4th quarter worth approximately $25,000. Cresta Advisors Ltd. bought a new position in shares of AT&T in the 4th quarter worth approximately $26,000. Finally, Blueline Advisors LLC bought a new position in shares of AT&T in the 4th quarter worth approximately $26,000. Institutional investors own 57.10% of the company’s stock.

AT&T Trading Up 3.4%

NYSE:T opened at $22.85 on Wednesday. The stock has a market cap of $158.77 billion, a price-to-earnings ratio of 7.67, a PEG ratio of 0.92 and a beta of 0.21. 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’s 50 day moving average price is $24.61 and its 200-day moving average price is $25.70. AT&T Inc. has a 52 week low of $21.99 and a 52 week high of $29.79.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, April 22nd. The technology company reported $0.57 earnings per share 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 analyst estimates of $31.29 billion. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The firm’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, equities research analysts forecast that AT&T Inc. will post 2.31 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently declared 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 was Friday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.9%. AT&T’s payout ratio is currently 37.25%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Oppenheimer lowered AT&T from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 3rd. Wall Street Zen upgraded AT&T from a “sell” rating to a “hold” rating in a report on Saturday. Weiss Ratings lowered AT&T from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. Citigroup raised their price objective on AT&T from $29.00 to $31.50 and gave the company a “buy” rating in a research report on Monday, March 23rd. Finally, Morgan Stanley started coverage on shares of AT&T in a report on Thursday, April 16th. They set an “overweight” rating and a $30.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average 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.