Dupree Financial Group LLC Sells 36,414 Shares of AT&T Inc. $T

Dupree Financial Group LLC decreased its stake in shares of AT&T Inc. (NYSE:T) by 20.3% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 142,595 shares of the technology company’s stock after selling 36,414 shares during the period. AT&T accounts for 1.7% of Dupree Financial Group LLC’s investment portfolio, making the stock its 24th largest position. Dupree Financial Group LLC’s holdings in AT&T were worth $4,134,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the stock. Next Level Private LLC grew its holdings in AT&T by 1.8% during the 1st quarter. Next Level Private LLC now owns 114,261 shares of the technology company’s stock valued at $3,312,000 after buying an additional 2,064 shares in the last quarter. 3Chopt Investment Partners LLC purchased a new stake in shares of AT&T in the first quarter worth about $233,000. Apollon Financial LLC lifted its holdings in shares of AT&T by 33.4% in the first quarter. Apollon Financial LLC now owns 23,030 shares of the technology company’s stock worth $668,000 after buying an additional 5,763 shares in the last quarter. Patton Fund Management Inc. boosted its position in shares of AT&T by 33.7% in the first quarter. Patton Fund Management Inc. now owns 11,599 shares of the technology company’s stock valued at $336,000 after acquiring an additional 2,924 shares during the period. Finally, Red Door Wealth Management LLC boosted its position in shares of AT&T by 33.0% in the first quarter. Red Door Wealth Management LLC now owns 141,459 shares of the technology company’s stock valued at $4,101,000 after acquiring an additional 35,126 shares during the period. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

AT&T stock opened at $22.70 on Monday. 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 debt-to-equity ratio of 1.05, a quick ratio of 0.87 and a current ratio of 0.92. The stock has a market cap of $157.71 billion, a P/E ratio of 7.62, a price-to-earnings-growth ratio of 0.92 and a beta of 0.21. The firm’s fifty day moving average price is $24.42 and its 200-day moving average price is $25.65.

AT&T (NYSE:T) last announced 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 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 quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.51 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, equities research analysts expect that AT&T Inc. will post 2.31 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 10th will be paid a dividend of $0.2775 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $1.11 annualized dividend and a yield of 4.9%. AT&T’s payout ratio is 37.25%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Weiss Ratings lowered shares of AT&T from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Wall Street Zen raised shares of AT&T from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. Scotiabank cut their price target on shares of AT&T from $31.50 to $31.00 and set a “sector perform” rating for the company in a report on Thursday, April 23rd. Oppenheimer lowered shares of AT&T from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 3rd. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average 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.