AT&T Inc. $T Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC reduced its holdings in shares of AT&T Inc. (NYSE:T) by 2.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 1,225,734 shares of the technology company’s stock after selling 27,501 shares during the quarter. ProShare Advisors LLC’s holdings in AT&T were worth $34,615,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in T. Norges Bank purchased a new stake in AT&T during the second quarter worth approximately $2,228,655,000. Vanguard Group Inc. lifted its position in shares of AT&T by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 661,355,210 shares of the technology company’s stock worth $19,139,620,000 after buying an additional 10,310,560 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of AT&T in the 2nd quarter valued at $235,422,000. State Street Corp grew its position in shares of AT&T by 2.4% in the 2nd quarter. State Street Corp now owns 321,070,509 shares of the technology company’s stock valued at $9,291,781,000 after buying an additional 7,404,376 shares during the last quarter. Finally, Acadian Asset Management LLC raised its stake in AT&T by 59.6% during the 2nd quarter. Acadian Asset Management LLC now owns 14,493,357 shares of the technology company’s stock worth $419,403,000 after acquiring an additional 5,410,596 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Up 1.1%

Shares of NYSE:T opened at $27.41 on Wednesday. AT&T Inc. has a fifty-two week low of $22.95 and a fifty-two week high of $29.79. 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 firm’s 50-day simple moving average is $24.68 and its 200-day simple moving average is $26.31. The company has a market cap of $194.32 billion, a price-to-earnings ratio of 8.99, a PEG ratio of 1.01 and a beta of 0.39.

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

AT&T Announces Dividend

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

Analysts Set New Price Targets

T has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $33.00 price objective on shares of AT&T in a research note on Thursday, January 29th. KeyCorp restated an “overweight” rating on shares of AT&T in a research note on Wednesday, January 21st. Wells Fargo & Company cut their price target on AT&T from $29.00 to $27.00 and set an “overweight” rating on the stock in a research report on Monday, January 26th. The Goldman Sachs Group decreased their price objective on AT&T from $33.00 to $29.00 and set a “buy” rating for the company in a report on Friday, December 19th. Finally, Morgan Stanley lowered their target price on shares of AT&T from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 10th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $29.83.

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.