State of Wisconsin Investment Board Lowers Holdings in AT&T Inc. $T

State of Wisconsin Investment Board decreased its holdings in AT&T Inc. (NYSE:T) by 7.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,899,079 shares of the technology company’s stock after selling 314,021 shares during the quarter. State of Wisconsin Investment Board owned 0.06% of AT&T worth $96,853,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Captrust Financial Advisors raised its position in AT&T by 0.6% in the 4th quarter. Captrust Financial Advisors now owns 2,580,568 shares of the technology company’s stock worth $64,101,000 after buying an additional 15,623 shares during the last quarter. &PARTNERS raised its position in AT&T by 6.7% in the 4th quarter. &PARTNERS now owns 1,246,942 shares of the technology company’s stock worth $30,895,000 after buying an additional 78,184 shares during the last quarter. Siemens Fonds Invest GmbH raised its position in AT&T by 40.2% in the 4th quarter. Siemens Fonds Invest GmbH now owns 246,629 shares of the technology company’s stock worth $6,119,000 after buying an additional 70,775 shares during the last quarter. Fullerton Fund Management Co Ltd. purchased a new position in AT&T in the 4th quarter worth about $386,000. Finally, Royal Bank of Canada raised its position in AT&T by 5.5% in the 4th quarter. Royal Bank of Canada now owns 38,893,766 shares of the technology company’s stock worth $966,121,000 after buying an additional 2,014,217 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analyst Ratings Changes

T has been the subject of a number of recent analyst reports. Arete Research raised AT&T from a “sell” rating to a “neutral” rating and set a $28.00 target price for the company in a research report on Tuesday, March 10th. Morgan Stanley initiated coverage on AT&T in a research report on Thursday, April 16th. They issued an “overweight” rating and a $30.00 target price for the company. Wall Street Zen lowered AT&T from a “hold” rating to a “sell” rating in a research report on Saturday, May 30th. Royal Bank Of Canada reissued an “outperform” rating and issued a $31.00 target price on shares of AT&T in a research report on Wednesday, May 20th. Finally, Scotiabank cut their price target on AT&T from $31.50 to $31.00 and set a “sector perform” rating for the company in a research note on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, AT&T has an average rating of “Moderate Buy” and an average price target of $30.55.

AT&T Trading Down 0.5%

AT&T stock opened at $23.16 on Wednesday. The business has a 50-day simple moving average of $25.12 and a two-hundred day simple moving average of $25.82. The company has a market cap of $160.94 billion, a P/E ratio of 7.77, a P/E/G ratio of 0.97 and a beta of 0.21. AT&T Inc. has a 52-week low of $22.32 and a 52-week high of $29.79. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 1.05.

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

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Friday, April 10th were paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date was Friday, April 10th. AT&T’s payout ratio is currently 37.25%.

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.