Forum Financial Management LP Reduces Position in AT&T Inc. $T

Forum Financial Management LP trimmed its position in shares of AT&T Inc. (NYSE:T) by 65.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,601 shares of the technology company’s stock after selling 102,935 shares during the period. Forum Financial Management LP’s holdings in AT&T were worth $1,554,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Drucker Wealth 3.0 LLC raised its position in AT&T by 9.1% in the 1st quarter. Drucker Wealth 3.0 LLC now owns 61,998 shares of the technology company’s stock worth $1,797,000 after purchasing an additional 5,164 shares during the period. Fairway Wealth LLC purchased a new position in shares of AT&T during the first quarter valued at approximately $29,000. SageGuard Financial Group LLC boosted its position in shares of AT&T by 10.4% during the first quarter. SageGuard Financial Group LLC now owns 206,313 shares of the technology company’s stock valued at $5,981,000 after buying an additional 19,513 shares during the period. Next Level Private LLC grew its stake in shares of AT&T by 1.8% during the first quarter. Next Level Private LLC now owns 114,261 shares of the technology company’s stock valued at $3,312,000 after buying an additional 2,064 shares during the last quarter. Finally, 3Chopt Investment Partners LLC bought a new position in shares of AT&T during the first quarter valued at approximately $233,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on T shares. Weiss Ratings downgraded AT&T from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Arete Research raised AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price objective on the stock in a research report on Tuesday, March 10th. BNP Paribas Exane cut 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. Wall Street Zen upgraded AT&T from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Finally, KeyCorp lifted their target price on AT&T from $30.00 to $36.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 25th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.55.

AT&T Price Performance

Shares of T stock opened at $21.82 on Tuesday. The company has a market capitalization of $151.58 billion, a P/E ratio of 7.32, a P/E/G ratio of 0.92 and a beta of 0.21. The company’s 50-day simple moving average is $24.33 and its two-hundred day simple moving average is $25.63. AT&T Inc. has a one year low of $21.28 and a one year high of $29.79. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.92 and a quick ratio of 0.87.

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

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 5.1%. The ex-dividend date is Friday, July 10th. AT&T’s dividend payout ratio (DPR) is presently 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.