AT&T Inc. $T Shares Sold by LSV Asset Management

LSV Asset Management cut its position in shares of AT&T Inc. (NYSE:T) by 4.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,900,662 shares of the technology company’s stock after selling 1,037,554 shares during the period. AT&T accounts for 1.4% of LSV Asset Management’s holdings, making the stock its biggest position. LSV Asset Management owned about 0.32% of AT&T worth $646,715,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. J. L. Bainbridge & Co. Inc. grew its position in shares of 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 valued at $615,000 after acquiring an additional 355 shares during the period. Financial & Tax Architects LLC boosted its position in 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 purchasing an additional 356 shares in the last quarter. Roberts Glore & Co. Inc. IL grew its holdings in AT&T by 2.0% in the second 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 period. Investment Partners LTD. increased its position in shares of 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, Parcion Private Wealth LLC raised its stake in shares of AT&T by 2.5% during the 2nd quarter. Parcion Private Wealth LLC now owns 14,910 shares of the technology company’s stock worth $431,000 after buying an additional 364 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. The Goldman Sachs Group dropped their price target on shares of AT&T from $33.00 to $29.00 and set a “buy” rating on the stock in a research note on Friday, December 19th. Citigroup decreased their price objective on shares of AT&T from $32.00 to $29.00 and set a “buy” rating on the stock in a report on Monday, December 22nd. Loop Capital set a $29.00 target price on shares of AT&T in a research report on Friday, December 19th. Wolfe Research cut shares of AT&T from an “outperform” rating to a “peer perform” rating in a research note on Monday, December 15th. Finally, Barclays reduced their price target on shares of 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 investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $29.83.

AT&T Price Performance

AT&T stock opened at $28.45 on Thursday. The company has a fifty day simple moving average of $24.74 and a 200-day simple moving average of $26.32. The firm has a market capitalization of $201.69 billion, a price-to-earnings ratio of 9.33, a PEG ratio of 1.02 and a beta of 0.39. The company has a quick ratio of 0.86, a current ratio of 0.91 and a debt-to-equity ratio of 1.00. AT&T Inc. has a 52-week low of $22.95 and a 52-week high of $29.79.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, January 28th. The technology company reported $0.52 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $32.91 billion. During the same period last year, the firm posted $0.43 earnings per share. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, equities analysts anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Monday, January 12th were issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Monday, January 12th. AT&T’s payout ratio is currently 36.39%.

AT&T Company 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.