Newport Trust Company LLC Trims Stock Position in AT&T Inc. $T

Newport Trust Company LLC lessened its position in shares of AT&T Inc. (NYSE:T) by 1.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 183,451,879 shares of the technology company’s stock after selling 1,868,518 shares during the period. AT&T comprises 10.9% of Newport Trust Company LLC’s portfolio, making the stock its 3rd largest position. Newport Trust Company LLC’s holdings in AT&T were worth $4,556,945,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of T. Rhumbline Advisers lifted its holdings in shares of AT&T by 0.4% in the 3rd quarter. Rhumbline Advisers now owns 12,810,872 shares of the technology company’s stock worth $361,779,000 after purchasing an additional 49,727 shares during the last quarter. Wealthfront Advisers LLC lifted its holdings in shares of AT&T by 4.9% in 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 last quarter. Public Sector Pension Investment Board lifted its holdings in shares of AT&T by 140.8% in 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 last quarter. Annex Advisory Services LLC lifted its holdings in shares of AT&T by 749.1% in the 4th quarter. Annex Advisory Services LLC now owns 159,598 shares of the technology company’s stock worth $3,964,000 after purchasing an additional 140,802 shares during the last quarter. Finally, World Investment Advisors lifted its holdings in shares of AT&T by 85.0% in the 4th quarter. World Investment Advisors now owns 338,942 shares of the technology company’s stock worth $8,419,000 after purchasing an additional 155,728 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on T shares. Royal Bank Of Canada reissued an “outperform” rating and issued a $31.00 price target on shares of AT&T in a report on Wednesday. Wells Fargo & Company cut their price target on AT&T from $29.00 to $27.00 and set an “overweight” rating on the stock in a report on Monday, January 26th. Morgan Stanley started coverage on AT&T in a report on Thursday, April 16th. They issued an “overweight” rating and a $30.00 price target on the stock. BNP Paribas Exane cut their price target on AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. Finally, Arete Research raised AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price target on the stock in a report on Tuesday, March 10th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, AT&T currently has an average rating of “Moderate Buy” and a consensus price target of $30.55.

AT&T Stock Up 1.7%

Shares of T stock opened at $25.36 on Friday. AT&T Inc. has a 1 year low of $22.95 and a 1 year high of $29.79. The stock has a market cap of $176.18 billion, a PE ratio of 8.51, a price-to-earnings-growth ratio of 0.92 and a beta of 0.23. The business’s fifty day moving average is $26.69 and its 200-day moving average is $26.00. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.87 and a current ratio of 0.92.

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

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Friday, April 10th were paid a dividend of $0.2775 per share. The ex-dividend date of this dividend was Friday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.4%. AT&T’s dividend payout ratio (DPR) is currently 37.25%.

More AT&T News

Here are the key news stories impacting AT&T this week:

• Positive Sentiment: AT&T announced a $19 billion California fiber and wireless expansion through 2030, a major infrastructure commitment that could support future growth and network quality.
• Positive Sentiment: The company launched Build-A-Plan, a flexible wireless package that could help AT&T attract budget-conscious customers and reduce churn.
• Neutral Sentiment: AT&T sued California to end its obligation to offer traditional copper phone service to new customers, a move that may help modernization but could draw regulatory pushback.
• Neutral Sentiment: Analyst and media commentary remained mixed, including cautionary remarks from Jim Cramer, but these views are not tied to a major change in fundamentals.

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.