AT&T Inc. $T Shares Sold by Intrust Bank NA

Intrust Bank NA lowered its stake in AT&T Inc. (NYSE:TFree Report) by 12.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 147,279 shares of the technology company’s stock after selling 20,624 shares during the quarter. Intrust Bank NA’s holdings in AT&T were worth $3,658,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Banque Cantonale Vaudoise lifted its holdings in AT&T by 5.7% in the fourth quarter. Banque Cantonale Vaudoise now owns 228,415 shares of the technology company’s stock worth $5,673,000 after purchasing an additional 12,384 shares during the period. Covestor Ltd lifted its holdings in AT&T by 211.6% in the fourth quarter. Covestor Ltd now owns 12,307 shares of the technology company’s stock worth $306,000 after purchasing an additional 8,358 shares during the period. Harvest Portfolios Group Inc. lifted its holdings in AT&T by 15.2% in the fourth quarter. Harvest Portfolios Group Inc. now owns 366,052 shares of the technology company’s stock worth $9,093,000 after purchasing an additional 48,363 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in AT&T in the fourth quarter worth about $3,863,000. Finally, Csenge Advisory Group lifted its holdings in AT&T by 9.9% in the fourth quarter. Csenge Advisory Group now owns 208,018 shares of the technology company’s stock worth $5,167,000 after purchasing an additional 18,725 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

T has been the subject of several research analyst reports. Wells Fargo & Company reduced their price objective on shares of AT&T from $29.00 to $27.00 and set an “overweight” rating for the company in a report on Monday, January 26th. 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. TD Cowen reissued a “hold” rating on shares of AT&T in a report on Thursday, January 29th. Oppenheimer upped their price target on shares of AT&T from $29.00 to $32.00 and gave the company an “outperform” rating in a report on Wednesday, March 11th. Finally, Williams Trading set a $32.00 price target on shares of AT&T in a report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $30.55.

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AT&T Price Performance

NYSE T opened at $24.93 on Wednesday. The stock’s 50-day moving average price is $26.79 and its two-hundred day moving average price is $26.00. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 1.05. The company has a market cap of $173.23 billion, a PE ratio of 8.37, a PEG ratio of 0.90 and a beta of 0.23. AT&T Inc. has a 1 year low of $22.95 and a 1 year high of $29.79.

AT&T (NYSE:TGet Free Report) last posted its quarterly earnings data 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 firm had revenue of $31.51 billion for 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% compared to the same quarter last year. During the same quarter in the previous 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 year.

AT&T Announces Dividend

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

AT&T Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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