One Capital Management LLC Decreases Position in AT&T Inc. $T

One Capital Management LLC lessened its holdings in shares of AT&T Inc. (NYSE:T) by 36.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 56,286 shares of the technology company’s stock after selling 32,087 shares during the quarter. One Capital Management LLC’s holdings in AT&T were worth $1,398,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in AT&T by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 664,055,700 shares of the technology company’s stock worth $16,495,144,000 after acquiring an additional 3,585,661 shares during the last quarter. State Street Corp raised its stake in AT&T by 0.8% in the 3rd quarter. State Street Corp now owns 323,775,045 shares of the technology company’s stock worth $9,143,407,000 after acquiring an additional 2,704,536 shares during the last quarter. Norges Bank purchased a new position in AT&T in the 4th quarter worth $2,181,977,000. Capital Research Global Investors raised its stake in AT&T by 0.6% in the 3rd quarter. Capital Research Global Investors now owns 65,607,835 shares of the technology company’s stock worth $1,852,765,000 after acquiring an additional 370,455 shares during the last quarter. Finally, Invesco Ltd. raised its stake in AT&T by 8.6% in the 3rd quarter. Invesco Ltd. now owns 57,823,362 shares of the technology company’s stock worth $1,632,932,000 after acquiring an additional 4,584,316 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

Shares of T opened at $23.55 on Thursday. The business’s 50-day moving average is $26.14 and its two-hundred day moving average is $25.99. The company has a market capitalization of $163.65 billion, a P/E ratio of 7.90, a P/E/G ratio of 0.90 and a beta of 0.21. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.87 and a current ratio of 0.92. AT&T Inc. has a fifty-two week low of $22.95 and a fifty-two week high of $29.79.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.02. The company had revenue of $31.51 billion for the quarter, compared to the consensus estimate of $31.29 billion. AT&T had a return on equity of 12.49% and a net margin of 16.94%.The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period last year, the firm 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 year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Friday, April 10th were given a dividend of $0.2775 per share. The ex-dividend date was Friday, April 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.7%. AT&T’s dividend payout ratio (DPR) is 37.25%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on T shares. Weiss Ratings lowered AT&T from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. Wall Street Zen lowered AT&T from a “hold” rating to a “sell” rating in a research note on Saturday, May 30th. Morgan Stanley started coverage on AT&T in a research note on Thursday, April 16th. They issued an “overweight” rating and a $30.00 target price for the company. BNP Paribas Exane reduced their target price on AT&T from $28.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. Finally, Arete Research upgraded AT&T from a “sell” rating to a “neutral” rating and set a $28.00 target price for the company in a research note on Tuesday, March 10th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $30.55.

More AT&T News

Here are the key news stories impacting AT&T this week:

• Negative Sentiment: Oppenheimer downgraded AT&T to “Perform”, citing rising competitive risk from SpaceX’s satellite broadband ambitions and potential pressure from Amazon Leo. Analysts warned that investors may be underestimating the threat to AT&T’s fiber and internet growth outlook. Article Title
• Negative Sentiment: Investors are also focused on AT&T’s fiber spending and whether heavy investment will weigh on free cash flow and dividend coverage in the near term, which is adding to caution around the stock. Article Title
• Neutral Sentiment: AT&T announced a simplified home fiber pricing structure, aiming to make its internet plans easier to understand and potentially more attractive to bundled wireless customers. The move could help sales, but it also highlights continued competition on pricing. Article Title
• Neutral Sentiment: AT&T also announced a new Disney/Pixar “Toy Story 5” campaign and an expanded connected-car collaboration with LiveOne and Cisco. These developments support brand and ecosystem expansion, but they are not likely the main drivers of the stock today. Article Title Article Title

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.