Handelsbanken Fonder AB Reduces Stock Position in AT&T Inc. $T

Handelsbanken Fonder AB trimmed its stake in shares of AT&T Inc. (NYSE:T) by 2.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,754,788 shares of the technology company’s stock after selling 55,986 shares during the period. Handelsbanken Fonder AB’s holdings in AT&T were worth $57,024,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Rachor Investment Advisory Services LLC purchased a new position in AT&T during the 4th quarter valued at about $25,000. Safe Harbor Fiduciary LLC acquired a new position in AT&T during the fourth quarter worth about $25,000. Cresta Advisors Ltd. purchased a new stake in shares of AT&T in the fourth quarter valued at about $26,000. Blueline Advisors LLC purchased a new stake in shares of AT&T in the fourth quarter valued at about $26,000. Finally, Winnow Wealth LLC grew its position 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 valued at $26,000 after purchasing an additional 820 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Trading Up 1.2%

NYSE T opened at $24.07 on Tuesday. The company has a market cap of $164.94 billion, a P/E ratio of 7.97, a P/E/G ratio of 0.97 and a beta of 0.23. AT&T Inc. has a 12 month low of $19.89 and a 12 month high of $29.79. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.97 and a quick ratio of 0.93. The company has a 50-day moving average of $22.53 and a 200-day moving average of $25.23.

AT&T (NYSE:T) last released its earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.06. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The business had revenue of $31.56 billion for the quarter, compared to analysts’ expectations of $31.80 billion. During the same period last year, the company earned $0.54 earnings per share. The company’s quarterly revenue was up 2.3% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, equities analysts predict that AT&T Inc. will post 2.34 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were paid a dividend of $0.2775 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.6%. AT&T’s payout ratio is currently 36.75%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. BNP Paribas Exane cut their price objective 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. Argus lowered their target price on AT&T from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Barclays dropped their price target on AT&T from $26.00 to $24.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 8th. Morgan Stanley boosted their price target on AT&T from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Finally, The Goldman Sachs Group set a $30.00 price objective on AT&T in a research report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $29.19.

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.