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

SVB Wealth LLC decreased its position in shares of AT&T Inc. (NYSE:T) by 15.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 105,226 shares of the technology company’s stock after selling 19,292 shares during the quarter. SVB Wealth LLC’s holdings in AT&T were worth $2,972,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Norges Bank acquired a new position in shares of AT&T during the second quarter worth approximately $2,228,655,000. Vanguard Group Inc. increased 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 valued at $19,139,620,000 after purchasing an additional 10,310,560 shares during the period. Marshall Wace LLP bought a new stake in shares of AT&T in the 2nd quarter worth $235,422,000. State Street Corp lifted its holdings in shares of AT&T by 2.4% in the second 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 period. Finally, Acadian Asset Management LLC boosted its stake in AT&T by 59.6% during the second quarter. Acadian Asset Management LLC now owns 14,493,357 shares of the technology company’s stock valued at $419,403,000 after buying an additional 5,410,596 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Performance

Shares of NYSE:T opened at $27.41 on Wednesday. The company has a current ratio of 0.91, a quick ratio of 0.86 and a debt-to-equity ratio of 1.00. AT&T Inc. has a 1-year low of $22.95 and a 1-year high of $29.79. The stock has a market capitalization of $194.32 billion, a P/E ratio of 8.99, a P/E/G ratio of 1.01 and a beta of 0.39. The business has a 50-day moving average price of $24.68 and a two-hundred day moving average price of $26.31.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, January 28th. The technology company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.46 by $0.06. The company had revenue of $33.47 billion during the quarter, compared to analysts’ expectations of $32.91 billion. AT&T had a net margin of 17.47% and a return on equity of 12.33%. AT&T’s revenue was up 3.6% on a year-over-year basis. 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 analysts predict that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have weighed in on T. Scotiabank reissued a “sector perform” rating and issued a $29.50 price target on shares of AT&T in a report on Wednesday, January 7th. Royal Bank Of Canada decreased their price target on shares of AT&T from $31.00 to $30.00 and set an “outperform” rating on the stock in a research report on Thursday, October 23rd. The Goldman Sachs Group cut their price objective on AT&T from $33.00 to $29.00 and set a “buy” rating for the company in a research report on Friday, December 19th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $33.00 target price on shares of AT&T in a report on Thursday, January 29th. Finally, Morgan Stanley reduced their target price on AT&T from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $29.83.

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.