Vestcor Inc Has $33.17 Million Stock Position in AT&T Inc. $T

Vestcor Inc decreased its holdings in AT&T Inc. (NYSE:T) by 3.5% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,174,659 shares of the technology company’s stock after selling 42,835 shares during the period. AT&T makes up about 1.0% of Vestcor Inc’s holdings, making the stock its 9th biggest holding. Vestcor Inc’s holdings in AT&T were worth $33,172,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Norges Bank purchased a new position in AT&T in the 2nd quarter worth $2,228,655,000. Vanguard Group Inc. boosted its position in AT&T by 1.6% during the second quarter. Vanguard Group Inc. now owns 661,355,210 shares of the technology company’s stock valued at $19,139,620,000 after buying an additional 10,310,560 shares during the period. Marshall Wace LLP bought a new position in shares of AT&T during the second quarter valued at about $235,422,000. State Street Corp grew its stake in shares of AT&T by 2.4% during 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 last quarter. Finally, Acadian Asset Management LLC increased its holdings in shares of AT&T by 59.6% in the second quarter. Acadian Asset Management LLC now owns 14,493,357 shares of the technology company’s stock worth $419,403,000 after buying an additional 5,410,596 shares during the period. Institutional investors own 57.10% of the company’s stock.

AT&T Trading Down 1.1%

T opened at $28.65 on Monday. AT&T Inc. has a one year low of $22.95 and a one year high of $29.79. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.91 and a quick ratio of 0.86. The business has a 50 day simple moving average of $26.04 and a two-hundred day simple moving average of $26.33. The firm has a market capitalization of $200.57 billion, a price-to-earnings ratio of 9.39, a PEG ratio of 1.07 and a beta of 0.39.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, January 28th. The technology company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.06. AT&T had a return on equity of 12.33% and a net margin of 17.47%.The firm had revenue of $33.47 billion for the quarter, compared to analyst estimates of $32.91 billion. During the same period last year, the company earned $0.43 EPS. The business’s quarterly 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. Analysts predict that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

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

Wall Street Analyst Weigh In

T has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $33.00 target price on shares of AT&T in a research note on Thursday, January 29th. Loop Capital set a $29.00 price target on AT&T in a research note on Friday, December 19th. Sanford C. Bernstein lowered their price objective on AT&T from $31.00 to $30.00 and set an “outperform” rating for the company in a research report on Friday, January 16th. Barclays dropped their price objective on AT&T from $28.00 to $26.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 13th. Finally, Wolfe Research cut shares of AT&T from an “outperform” rating to a “peer perform” rating in a report on Monday, December 15th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.