Lido Advisors LLC Reduces Position in AT&T Inc. $T

Lido Advisors LLC trimmed its holdings in AT&T Inc. (NYSE:TFree Report) by 14.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 436,936 shares of the technology company’s stock after selling 73,744 shares during the period. Lido Advisors LLC’s holdings in AT&T were worth $12,667,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rachor Investment Advisory Services LLC purchased a new position in AT&T in the 4th quarter worth approximately $25,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of AT&T in the fourth quarter valued at approximately $25,000. Cresta Advisors Ltd. purchased a new stake in shares of AT&T in the fourth quarter valued at approximately $26,000. Blueline Advisors LLC acquired a new stake in shares of AT&T in the fourth quarter valued at approximately $26,000. Finally, Winnow Wealth LLC lifted its position in AT&T by 362.8% during the fourth quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company’s stock worth $26,000 after buying an additional 820 shares in the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on T. Royal Bank Of Canada lowered their price objective on AT&T from $31.00 to $27.00 and set an “outperform” rating on the stock in a research note on Monday. TD Cowen lifted their price target on AT&T from $32.00 to $33.00 and gave the stock a “hold” rating in a report on Thursday. Sanford C. Bernstein reissued an “outperform” rating and set a $25.00 price target on shares of AT&T in a research report on Monday, July 13th. Wall Street Zen raised shares of AT&T from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. Finally, Oppenheimer cut shares of AT&T from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $29.19.

Read Our Latest Research Report on T

AT&T Stock Down 0.4%

Shares of NYSE:T opened at $22.95 on Friday. The business has a 50-day moving average price of $22.79 and a 200 day moving average price of $25.24. The company has a current ratio of 0.97, a quick ratio of 0.87 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $159.44 billion, a price-to-earnings ratio of 7.60, a PEG ratio of 0.91 and a beta of 0.24. AT&T Inc. has a 12-month low of $19.89 and a 12-month high of $29.79.

AT&T (NYSE:TGet Free Report) last posted its earnings results on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The company had revenue of $31.56 billion for the quarter, compared to analysts’ expectations of $31.80 billion. During the same quarter in the prior year, the company posted $0.54 earnings per share. AT&T’s revenue for the quarter was up 2.3% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Sell-side analysts expect that AT&T Inc. will post 2.31 EPS for the current year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 10th will be issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.8%. The ex-dividend date is Friday, July 10th. AT&T’s dividend payout ratio (DPR) is 37.25%.

About AT&T

(Free Report)

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.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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