AT&T Inc. $T Shares Sold by Wealth Alliance LLC

Wealth Alliance LLC cut its holdings in shares of AT&T Inc. (NYSE:T) by 36.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,195 shares of the technology company’s stock after selling 22,565 shares during the period. Wealth Alliance LLC’s holdings in AT&T were worth $1,107,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. J. L. Bainbridge & Co. Inc. lifted its holdings in AT&T by 1.7% during the 2nd quarter. J. L. Bainbridge & Co. Inc. now owns 21,253 shares of the technology company’s stock worth $615,000 after buying an additional 355 shares in the last quarter. Financial & Tax Architects LLC increased its stake in shares of AT&T by 4.9% during the second quarter. Financial & Tax Architects LLC now owns 7,588 shares of the technology company’s stock worth $220,000 after buying an additional 356 shares during the period. Roberts Glore & Co. Inc. IL increased its position in shares of AT&T by 2.0% in the 2nd quarter. Roberts Glore & Co. Inc. IL now owns 18,386 shares of the technology company’s stock valued at $532,000 after purchasing an additional 357 shares during the last quarter. Investment Partners LTD. raised its stake in AT&T by 3.5% in the second quarter. Investment Partners LTD. now owns 10,464 shares of the technology company’s stock valued at $303,000 after buying an additional 357 shares in the last quarter. Finally, Texas Bank & Trust Co raised its position in shares of AT&T by 0.6% during the 2nd quarter. Texas Bank & Trust Co now owns 64,274 shares of the technology company’s stock worth $1,860,000 after acquiring an additional 364 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Trading Up 0.4%

NYSE T opened at $28.00 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.91 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $195.99 billion, a P/E ratio of 9.18, a P/E/G ratio of 1.03 and a beta of 0.39. AT&T Inc. has a 52-week low of $22.95 and a 52-week high of $29.79. The firm has a 50-day moving average price of $25.25 and a 200 day moving average price of $26.37.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, January 28th. The technology company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.06. The company had revenue of $33.47 billion for the quarter, compared to analyst estimates of $32.91 billion. AT&T had a return on equity of 12.33% and a net margin of 17.47%.The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.43 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities research analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Monday, January 12th were given a $0.2775 dividend. The ex-dividend date was Monday, January 12th. This represents a $1.11 annualized dividend and a yield of 4.0%. AT&T’s dividend payout ratio is presently 36.39%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on T shares. The Goldman Sachs Group reduced their price target on shares of AT&T from $33.00 to $29.00 and set a “buy” rating for the company in a research report on Friday, December 19th. Citigroup dropped their price objective on shares of AT&T from $32.00 to $29.00 and set a “buy” rating on the stock in a research note on Monday, December 22nd. Loop Capital set a $29.00 target price on shares of AT&T in a research note on Friday, December 19th. Sanford C. Bernstein dropped their price target on AT&T from $31.00 to $30.00 and set an “outperform” rating on the stock in a research report on Friday, January 16th. Finally, Barclays decreased their price objective on AT&T from $28.00 to $26.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $29.93.

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.