AT&T Inc. $T Stock Position Decreased by Ibex Wealth Advisors

Ibex Wealth Advisors trimmed its stake in AT&T Inc. (NYSE:T) by 8.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 552,268 shares of the technology company’s stock after selling 50,364 shares during the quarter. AT&T makes up 1.3% of Ibex Wealth Advisors’ holdings, making the stock its 17th largest holding. Ibex Wealth Advisors’ holdings in AT&T were worth $13,718,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. GGM Financials LLC acquired a new position in shares of AT&T in the 3rd quarter valued at $25,000. Rachor Investment Advisory Services LLC acquired a new stake in AT&T during the 4th quarter worth about $25,000. Cresta Advisors Ltd. purchased a new stake in AT&T during the fourth quarter valued at about $26,000. Blueline Advisors LLC purchased a new stake in AT&T during the fourth quarter valued at about $26,000. Finally, Winnow Wealth LLC boosted its holdings in shares of AT&T by 362.8% in the fourth quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company’s stock worth $26,000 after buying an additional 820 shares during the period. 57.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on T shares. BNP Paribas Exane cut their price target on shares of AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. Scotiabank lowered their price objective on shares of AT&T from $31.50 to $31.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 23rd. Morgan Stanley started coverage on AT&T in a report on Thursday, April 16th. They issued an “overweight” rating and a $30.00 target price for the company. Oppenheimer cut AT&T from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 3rd. Finally, Citigroup lifted their price target on AT&T from $29.00 to $31.50 and gave the company a “buy” rating in a report on Monday, March 23rd. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, AT&T has an average rating of “Moderate Buy” and an average price target of $30.55.

AT&T Stock Down 0.5%

AT&T stock opened at $23.16 on Wednesday. AT&T Inc. has a twelve month low of $22.32 and a twelve month high of $29.79. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.87 and a current ratio of 0.92. The firm has a market cap of $160.94 billion, a PE ratio of 7.77, a P/E/G ratio of 0.97 and a beta of 0.21. The firm’s 50 day moving average price is $25.12 and its two-hundred day moving average price is $25.82.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.55 by $0.02. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The business had revenue of $31.51 billion for the quarter, compared to analysts’ expectations of $31.29 billion. During the same period in the previous year, the company posted $0.51 EPS. AT&T’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 predict that AT&T Inc. will post 2.31 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend was Friday, April 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.8%. AT&T’s dividend payout ratio (DPR) is 37.25%.

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.