AT&T Inc. $T Shares Sold by Focused Wealth Management Inc

Focused Wealth Management Inc decreased its holdings in AT&T Inc. (NYSE:T) by 40.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 55,462 shares of the technology company’s stock after selling 37,034 shares during the quarter. Focused Wealth Management Inc’s holdings in AT&T were worth $1,608,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. GGM Financials LLC bought a new position in AT&T during the 3rd quarter worth approximately $25,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of AT&T during the fourth quarter worth $25,000. Rachor Investment Advisory Services LLC bought a new position in shares of AT&T in the 4th quarter worth about $25,000. Cresta Advisors Ltd. acquired a new position in shares of AT&T in the 4th quarter valued at about $26,000. Finally, Blueline Advisors LLC acquired a new position in shares of AT&T in the 4th quarter valued at about $26,000. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Trading Up 3.4%

Shares of NYSE:T opened at $22.85 on Wednesday. The company has a market cap of $158.77 billion, a PE ratio of 7.67, a P/E/G ratio of 0.92 and a beta of 0.21. 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 fifty-two week low of $21.99 and a fifty-two week 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.

AT&T (NYSE:T) last posted its earnings results on Wednesday, April 22nd. The technology company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.55 by $0.02. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The firm had revenue of $31.51 billion during the quarter, compared to analysts’ expectations of $31.29 billion. During the same quarter in the prior year, the firm earned $0.51 EPS. AT&T’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. Sell-side analysts anticipate that AT&T Inc. will post 2.31 earnings per share for the current year.

AT&T Dividend Announcement

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

Analysts Set New Price Targets

Several research firms recently weighed in on T. Oppenheimer lowered shares of AT&T from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 3rd. Scotiabank decreased their target price 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. Wall Street Zen raised AT&T from a “sell” rating to a “hold” rating in a report on Saturday. Arete Research upgraded AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price target on the stock in a research report on Tuesday, March 10th. Finally, Weiss Ratings downgraded AT&T from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. One equities research 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 company’s stock. According to MarketBeat.com, AT&T 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.