Premier Fund Managers Ltd Sells 40,000 Shares of AT&T Inc. $T

Premier Fund Managers Ltd lessened its position in shares of AT&T Inc. (NYSE:T) by 69.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,000 shares of the technology company’s stock after selling 40,000 shares during the quarter. Premier Fund Managers Ltd’s holdings in AT&T were worth $505,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Front Row Advisors LLC bought a new position in shares of AT&T in the 2nd quarter worth approximately $25,000. Mountain Hill Investment Partners Corp. raised its position in AT&T by 363.7% in the third quarter. Mountain Hill Investment Partners Corp. now owns 895 shares of the technology company’s stock worth $25,000 after acquiring an additional 702 shares during the period. Solstein Capital LLC boosted its stake in shares of AT&T by 217.3% during the 2nd quarter. Solstein Capital LLC now owns 952 shares of the technology company’s stock worth $28,000 after acquiring an additional 652 shares during the last quarter. Curio Wealth LLC boosted its stake in shares of AT&T by 26,100.0% during the 2nd quarter. Curio Wealth LLC now owns 1,048 shares of the technology company’s stock worth $30,000 after acquiring an additional 1,044 shares during the last quarter. Finally, Cloud Capital Management LLC bought a new stake in shares of AT&T during the 3rd quarter valued at $31,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on T shares. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $31.00 target price on shares of AT&T in a report on Thursday, February 12th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $33.00 price objective on shares of AT&T in a research note on Thursday, January 29th. Wells Fargo & Company lowered their price objective on AT&T from $29.00 to $27.00 and set an “overweight” rating on the stock in a research report on Monday, January 26th. KeyCorp reissued an “overweight” rating on shares of AT&T in a report on Wednesday, January 21st. Finally, Morgan Stanley decreased their target price on shares of AT&T from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 10th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.93.

AT&T Stock Performance

NYSE T opened at $28.00 on Monday. The company has a quick ratio of 0.86, a current ratio of 0.91 and a debt-to-equity ratio of 1.00. AT&T Inc. has a twelve month low of $22.95 and a twelve month high of $29.79. The business has a 50-day moving average price of $25.25 and a 200-day moving average price of $26.35. The firm has a market cap of $195.99 billion, a price-to-earnings ratio of 9.18, a price-to-earnings-growth ratio of 1.04 and a beta of 0.39.

AT&T (NYSE:T) last issued its earnings results on Wednesday, January 28th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.06. AT&T had a return on equity of 12.33% and a net margin of 17.47%.The company had revenue of $33.47 billion for the quarter, compared to the consensus estimate of $32.91 billion. During the same quarter last year, the company earned $0.43 EPS. The firm’s quarterly revenue was up 3.6% 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 predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Monday, January 12th were paid a $0.2775 dividend. The ex-dividend date of this dividend was Monday, January 12th. This represents a $1.11 dividend on an annualized basis and a yield of 4.0%. AT&T’s payout ratio is presently 36.39%.

AT&T Company 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.