Trek Financial LLC Lowers Holdings in AT&T Inc. $T

Trek Financial LLC lowered its stake in shares of AT&T Inc. (NYSE:T) by 72.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 16,748 shares of the technology company’s stock after selling 43,367 shares during the period. Trek Financial LLC’s holdings in AT&T were worth $416,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Gentry Private Wealth LLC raised its position in AT&T by 1.7% during the third quarter. Gentry Private Wealth LLC now owns 23,537 shares of the technology company’s stock valued at $665,000 after purchasing an additional 393 shares in the last quarter. Thoroughbred Financial Services LLC lifted its stake in AT&T by 2.8% during the third quarter. Thoroughbred Financial Services LLC now owns 14,847 shares of the technology company’s stock worth $419,000 after purchasing an additional 406 shares during the last quarter. Arkfeld Wealth Strategies L.L.C. boosted its holdings in shares of AT&T by 1.6% in 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 in the last quarter. Fortis Group Advisors LLC boosted its holdings in shares of AT&T by 0.6% in the 3rd quarter. Fortis Group Advisors LLC now owns 75,396 shares of the technology company’s stock worth $2,129,000 after purchasing an additional 422 shares in the last quarter. Finally, Smith Moore & CO. increased its position in shares of AT&T by 0.6% during the 3rd quarter. Smith Moore & CO. now owns 73,088 shares of the technology company’s stock valued at $2,064,000 after purchasing an additional 426 shares during the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on T. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $33.00 price objective on shares of AT&T in a research report on Thursday, January 29th. BNP Paribas Exane reduced their price objective on AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. UBS Group reiterated a “buy” rating on shares of AT&T in a research report on Thursday, January 29th. Scotiabank reduced their price objective on AT&T from $31.50 to $31.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 23rd. Finally, TD Cowen reiterated a “hold” rating on shares of AT&T in a research report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $30.55.

Trending Headlines about AT&T

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

• Positive Sentiment: AT&T continues to build out growth drivers, including a new 5G partnership with Toyota’s Lexus brand, which adds to its wireless and connected-vehicle business momentum. AT&T Stock (T) Rises on 5G Partnership with Toyota’s Lexus Brand
• Positive Sentiment: The company is expanding fiber and AI-oriented connectivity services, including a new fiber route and bundled enterprise offerings, which supports the case for long-term revenue growth. Lumen Expands Fiber Network With New AI-Focused NorthLine Route
• Positive Sentiment: AT&T also highlighted a new Cisco-powered post-quantum security network, which could help it win enterprise customers looking for advanced cybersecurity solutions. Can AT&T’s Cisco-Powered Quantum Security Network Drive Profits?
• Neutral Sentiment: AT&T completed a $6 billion long-dated debt offering and is using proceeds for general corporate purposes, debt repayment, and pending acquisitions; this improves flexibility but also keeps investor focus on leverage. How AT&T’s US$6 Billion Long-Dated Debt Deal and NG911 Tie-Up Will Impact AT&T (T) Investors
• Neutral Sentiment: AT&T is getting attention from investors and screeners, but that interest alone does not signal a fundamental catalyst. AT&T Inc. (T) Is a Trending Stock: Facts to Know Before Betting on It
• Negative Sentiment: AT&T has also been cited as part of a broader telecom sector pullback, and recent coverage notes a multi-session losing streak, suggesting sentiment remains fragile. AT&T continues downward run, marks seven-session losing streak
• Negative Sentiment: At the same time, speculative headlines about other telecom-related names such as AST SpaceMobile are drawing investor attention away from AT&T and underscoring competitive pressure in the wireless space. Easy 5X? AST Spacemobile Could Be Bigger Than Verizon and AT&T

AT&T Price Performance

Shares of NYSE:T opened at $24.74 on Thursday. The stock has a market cap of $171.87 billion, a PE ratio of 8.30, a PEG ratio of 0.93 and a beta of 0.23. The company’s fifty day moving average is $27.13 and its 200 day moving average is $26.02. AT&T Inc. has a 52 week low of $22.95 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 issued its earnings results on Wednesday, April 22nd. The technology company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. The company had revenue of $31.51 billion for the quarter, compared to analysts’ expectations of $31.29 billion. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The firm’s revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.51 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. 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 announced a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Friday, April 10th were given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Friday, April 10th. AT&T’s dividend payout ratio (DPR) is presently 37.25%.

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.