Newbridge Financial Services Group Inc. Cuts Stock Position in AT&T Inc. $T

Newbridge Financial Services Group Inc. lowered its position in AT&T Inc. (NYSE:T) by 87.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 38,431 shares of the technology company’s stock after selling 262,882 shares during the period. Newbridge Financial Services Group Inc.’s holdings in AT&T were worth $955,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Global Wealth Strategies & Associates grew its position in shares of AT&T by 10.7% in the 3rd quarter. Global Wealth Strategies & Associates now owns 4,025 shares of the technology company’s stock worth $114,000 after buying an additional 390 shares during the last quarter. Gentry Private Wealth LLC grew its position in shares of AT&T by 1.7% in the 3rd quarter. Gentry Private Wealth LLC now owns 23,537 shares of the technology company’s stock worth $665,000 after buying an additional 393 shares during the last quarter. Thoroughbred Financial Services LLC grew its position in shares of AT&T by 2.8% in the 3rd quarter. Thoroughbred Financial Services LLC now owns 14,847 shares of the technology company’s stock worth $419,000 after buying an additional 406 shares during the last quarter. Stockman Wealth Management Inc. grew its position in AT&T by 5.4% during the 3rd quarter. Stockman Wealth Management Inc. now owns 8,061 shares of the technology company’s stock worth $228,000 after purchasing an additional 415 shares during the last quarter. Finally, Arkfeld Wealth Strategies L.L.C. grew its position in AT&T by 1.6% during the 3rd quarter. Arkfeld Wealth Strategies L.L.C. now owns 25,869 shares of the technology company’s stock worth $700,000 after purchasing an additional 415 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. KeyCorp boosted their target price on shares of AT&T from $30.00 to $36.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 25th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $33.00 target price on shares of AT&T in a research report on Thursday, January 29th. Citigroup boosted their target price on shares of AT&T from $29.00 to $31.50 and gave the stock a “buy” rating in a research report on Monday, March 23rd. Loop Capital set a $29.00 target price on shares of AT&T in a research report on Friday, December 19th. Finally, Morgan Stanley dropped 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 research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $30.74.

AT&T Stock Down 0.2%

T stock opened at $28.29 on Tuesday. The firm’s fifty day simple moving average is $27.80 and its 200-day simple moving average is $26.18. The company has a market capitalization of $197.53 billion, a P/E ratio of 9.27, a price-to-earnings-growth ratio of 1.06 and a beta of 0.34. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.91 and a quick ratio of 0.86. AT&T Inc. has a 12 month low of $22.95 and a 12 month high of $29.79.

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

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 10th will be issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, April 10th. AT&T’s dividend payout ratio is 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.