AT&T (NYSE:T) Shares Down 1.3% – Time to Sell?

AT&T Inc. (NYSE:T)’s share price traded down 1.3% on Thursday . The company traded as low as $25.12 and last traded at $25.2410. 41,756,160 shares traded hands during mid-day trading, a decline of 3% from the average session volume of 43,033,074 shares. The stock had previously closed at $25.57.

Analysts Set New Price Targets

T has been the subject of a number of recent analyst reports. TD Cowen restated a “hold” rating on shares of AT&T in a report on Thursday, January 29th. 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 report on Tuesday, January 13th. Arete Research upgraded AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price objective for the company in a report on Tuesday, March 10th. Morgan Stanley initiated coverage on shares of AT&T in a research note on Thursday, April 16th. They issued an “overweight” rating and a $30.00 price target on the stock. Finally, Oppenheimer raised their price target on shares of AT&T from $29.00 to $32.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 11th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, AT&T presently has an average rating of “Moderate Buy” and an average target price of $30.55.

AT&T Stock Down 0.5%

The stock has a market cap of $174.69 billion, a PE ratio of 8.44, a price-to-earnings-growth ratio of 0.93 and a beta of 0.23. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.92 and a quick ratio of 0.87. The business has a fifty day moving average of $27.36 and a 200-day moving average of $26.04.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.55 by $0.02. The firm had revenue of $31.51 billion for the quarter, compared to analyst estimates of $31.29 billion. AT&T had a return on equity of 12.49% and a net margin of 16.94%.The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.51 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities research analysts anticipate that AT&T Inc. will post 2.31 earnings per share for the current year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Friday, April 10th were given a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend was Friday, April 10th. AT&T’s dividend payout ratio is presently 37.25%.

Institutional Investors Weigh In On AT&T

Several hedge funds have recently modified their holdings of T. Csenge Advisory Group raised its position in shares of AT&T by 20.3% during the 3rd quarter. Csenge Advisory Group now owns 189,293 shares of the technology company’s stock valued at $5,346,000 after buying an additional 31,935 shares during the period. Rhumbline Advisers raised its position in shares of AT&T by 0.4% during the 3rd quarter. Rhumbline Advisers now owns 12,810,872 shares of the technology company’s stock valued at $361,779,000 after buying an additional 49,727 shares during the period. Wealthfront Advisers LLC grew its holdings in shares of AT&T by 4.9% during the 3rd quarter. Wealthfront Advisers LLC now owns 1,411,031 shares of the technology company’s stock worth $39,848,000 after purchasing an additional 66,448 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of AT&T by 1.4% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,133,054 shares of the technology company’s stock worth $512,077,000 after purchasing an additional 248,567 shares during the period. Finally, Public Sector Pension Investment Board grew its holdings in shares of AT&T by 140.8% during the 3rd quarter. Public Sector Pension Investment Board now owns 2,888,630 shares of the technology company’s stock worth $81,575,000 after purchasing an additional 1,689,073 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

About AT&T

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.