Forsta AP Fonden Lowers Stock Position in AT&T Inc. $T

Forsta AP Fonden cut its stake in shares of AT&T Inc. (NYSE:T) by 6.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,542,100 shares of the technology company’s stock after selling 112,500 shares during the period. Forsta AP Fonden’s holdings in AT&T were worth $38,306,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. GGM Financials LLC purchased a new stake in AT&T during the 3rd quarter worth $25,000. Rachor Investment Advisory Services LLC acquired a new position in AT&T in the 4th quarter worth $25,000. Cresta Advisors Ltd. acquired a new position in AT&T in the 4th quarter worth $26,000. Blueline Advisors LLC acquired a new position in AT&T in the 4th quarter worth $26,000. Finally, OFI Invest Asset Management raised its stake in shares of AT&T by 84.2% in the 4th quarter. OFI Invest Asset Management now owns 1,087,055 shares of the technology company’s stock valued at $27,000 after purchasing an additional 496,804 shares in the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on T shares. Morgan Stanley began 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 on the stock. Royal Bank Of Canada reiterated an “outperform” rating and set a $31.00 price objective on shares of AT&T in a research note on Wednesday, May 20th. Citigroup upped their target price on AT&T from $29.00 to $31.50 and gave the company a “buy” rating in a report on Monday, March 23rd. Arete Research upgraded AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price target on the stock in a research report on Tuesday, March 10th. Finally, Oppenheimer raised their price target on AT&T from $29.00 to $32.00 and gave the stock an “outperform” rating in a report on Wednesday, March 11th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, AT&T has an average rating of “Moderate Buy” and a consensus price target of $30.55.

AT&T Price Performance

Shares of T opened at $24.80 on Friday. The company has a market cap of $172.33 billion, a P/E ratio of 8.32, a PEG ratio of 0.91 and a beta of 0.23. The stock has a fifty day moving average price of $26.39 and a 200 day moving average price of $26.01. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.92 and a quick ratio of 0.87. AT&T Inc. has a 12 month low of $22.95 and a 12 month high of $29.79.

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

AT&T Dividend Announcement

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

AT&T 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.