SVB Wealth LLC Has $2.10 Million Stake in AT&T Inc. $T

SVB Wealth LLC trimmed its position in shares of AT&T Inc. (NYSE:T) by 19.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 84,373 shares of the technology company’s stock after selling 20,853 shares during the period. SVB Wealth LLC’s holdings in AT&T were worth $2,096,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Mountain Hill Investment Partners Corp. raised its position in shares of AT&T by 363.7% during the third quarter. Mountain Hill Investment Partners Corp. now owns 895 shares of the technology company’s stock worth $25,000 after purchasing an additional 702 shares during the period. GGM Financials LLC acquired a new position in shares of AT&T during the third quarter worth approximately $25,000. Rachor Investment Advisory Services LLC acquired a new position in shares of AT&T during the fourth quarter worth approximately $25,000. Cresta Advisors Ltd. acquired a new position in shares of AT&T during the fourth quarter worth approximately $26,000. Finally, Cloud Capital Management LLC acquired a new position in shares of AT&T during the third quarter worth approximately $31,000. 57.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Morgan Stanley assumed coverage on AT&T in a research report on Thursday, April 16th. They set an “overweight” rating and a $30.00 target price on the stock. TD Cowen reissued a “hold” rating on shares of AT&T in a research report on Thursday, January 29th. BNP Paribas Exane lowered their price target on AT&T from $28.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. UBS Group reissued a “buy” rating on shares of AT&T in a research report on Thursday, January 29th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $33.00 price target on shares of AT&T in a research report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.55.

AT&T Trading Down 1.2%

NYSE T opened at $24.86 on Tuesday. The firm has a market capitalization of $172.70 billion, a P/E ratio of 8.34, a PEG ratio of 0.93 and a beta of 0.23. The business has a fifty day simple moving average of $27.25 and a 200 day simple moving average of $26.02. AT&T Inc. has a 12 month low of $22.95 and a 12 month high of $29.79. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 1.05.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. The firm had revenue of $31.51 billion during the quarter, compared to the consensus estimate of $31.29 billion. AT&T had a return on equity of 12.49% and a net margin of 16.94%.The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, analysts predict that AT&T Inc. will post 2.31 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Friday, April 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Friday, April 10th. AT&T’s dividend payout ratio is 37.25%.

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.