Huntington National Bank Sells 20,704 Shares of AT&T Inc. $T

Huntington National Bank lowered its position in AT&T Inc. (NYSE:T) by 5.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 378,295 shares of the technology company’s stock after selling 20,704 shares during the period. Huntington National Bank’s holdings in AT&T were worth $9,397,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Arista Wealth Management LLC bought a new stake in shares of AT&T in the 4th quarter valued at $442,000. Kingsview Wealth Management LLC increased its position in shares of AT&T by 18.8% in the 4th quarter. Kingsview Wealth Management LLC now owns 317,561 shares of the technology company’s stock valued at $7,888,000 after buying an additional 50,214 shares in the last quarter. Smith Chas P & Associates PA Cpas increased its position in shares of AT&T by 24.8% in the 4th quarter. Smith Chas P & Associates PA Cpas now owns 22,273 shares of the technology company’s stock valued at $553,000 after buying an additional 4,433 shares in the last quarter. Severin Investments LLC increased its position in shares of AT&T by 50.8% in the 4th quarter. Severin Investments LLC now owns 40,544 shares of the technology company’s stock valued at $1,007,000 after buying an additional 13,655 shares in the last quarter. Finally, King Luther Capital Management Corp increased its position in shares of AT&T by 6.4% in the 4th quarter. King Luther Capital Management Corp now owns 1,974,381 shares of the technology company’s stock valued at $49,044,000 after buying an additional 118,809 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

Shares of NYSE T opened at $24.87 on Friday. The firm has a market cap of $172.77 billion, a PE ratio of 8.34, a PEG ratio of 0.91 and a beta of 0.23. 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 Inc. has a 1-year low of $22.95 and a 1-year high of $29.79. The company has a fifty day moving average price of $26.44 and a 200 day moving average price of $26.02.

AT&T (NYSE:T) last announced its earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. The firm 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 company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.51 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Research analysts predict that AT&T Inc. will post 2.31 earnings per share for the current fiscal year.

AT&T Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. UBS Group restated a “buy” rating on shares of AT&T in a research report on Thursday, January 29th. Williams Trading set a $32.00 price objective on shares of AT&T in a research report on Thursday, January 29th. Citigroup upped their price objective on shares of AT&T from $29.00 to $31.50 and gave the company a “buy” rating in a research report on Monday, March 23rd. Morgan Stanley started coverage on shares of AT&T in a research note on Thursday, April 16th. They issued an “overweight” rating and a $30.00 target price for the company. Finally, Oppenheimer upped their target price on shares of AT&T from $29.00 to $32.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 11th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.