Lighthouse Investment Partners LLC Lowers Stake in AT&T Inc. $T

Lighthouse Investment Partners LLC decreased its holdings in shares of AT&T Inc. (NYSE:T) by 12.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 802,595 shares of the technology company’s stock after selling 119,161 shares during the period. AT&T comprises 0.7% of Lighthouse Investment Partners LLC’s portfolio, making the stock its 9th biggest holding. Lighthouse Investment Partners LLC’s holdings in AT&T were worth $22,665,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in T. JPL Wealth Management LLC acquired a new stake in AT&T in the 3rd quarter valued at $174,000. Jain Global LLC grew its position in AT&T by 134.1% in the third quarter. Jain Global LLC now owns 134,360 shares of the technology company’s stock valued at $3,794,000 after acquiring an additional 76,971 shares during the period. Hayek Kallen Investment Management raised its stake in AT&T by 1.8% during the third quarter. Hayek Kallen Investment Management now owns 71,492 shares of the technology company’s stock worth $2,019,000 after acquiring an additional 1,265 shares in the last quarter. Hollow Brook Wealth Management LLC lifted its holdings in shares of AT&T by 58.2% during the third quarter. Hollow Brook Wealth Management LLC now owns 14,886 shares of the technology company’s stock valued at $420,000 after acquiring an additional 5,478 shares during the period. Finally, Holocene Advisors LP lifted its holdings in shares of AT&T by 3.1% during the third quarter. Holocene Advisors LP now owns 7,206,768 shares of the technology company’s stock valued at $203,519,000 after acquiring an additional 213,601 shares during the period. 57.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on T shares. Deutsche Bank Aktiengesellschaft restated 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 shares of AT&T in a report on Friday, December 19th. Scotiabank boosted their price target on shares of AT&T from $29.50 to $31.00 and gave the company a “sector perform” rating in a research report on Monday, March 9th. KeyCorp reaffirmed an “overweight” rating on shares of AT&T in a research note on Wednesday, January 21st. Finally, The Goldman Sachs Group dropped their price objective on shares of AT&T from $33.00 to $29.00 and set a “buy” rating for the company in a report on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, AT&T currently has an average rating of “Moderate Buy” and an average price target of $30.35.

AT&T Price Performance

Shares of T stock opened at $27.73 on Monday. AT&T Inc. has a 52 week low of $22.95 and a 52 week high of $29.79. The stock has a market capitalization of $194.15 billion, a PE ratio of 9.09, a PEG ratio of 1.04 and a beta of 0.39. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.86 and a current ratio of 0.91. The stock’s fifty day moving average is $26.31 and its 200-day moving average is $26.28.

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

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.