AT&T Inc. $T Stock Holdings Lowered by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its position in AT&T Inc. (NYSE:T) by 2.1% during the second quarter, Holdings Channel reports. The fund owned 8,114,304 shares of the technology company’s stock after selling 175,868 shares during the quarter. Principal Financial Group Inc.’s holdings in AT&T were worth $167,966,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Rachor Investment Advisory Services LLC acquired a new position in AT&T during the 4th quarter valued at about $25,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of AT&T in the fourth quarter valued at approximately $25,000. Cresta Advisors Ltd. bought a new stake in shares of AT&T during the fourth quarter valued at approximately $26,000. Blueline Advisors LLC bought a new stake in shares of AT&T during the fourth quarter valued at approximately $26,000. Finally, Winnow Wealth LLC boosted its position in shares of 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 during the period. 57.10% of the stock is currently owned by institutional investors.

AT&T Trading Up 1.1%

AT&T stock opened at $25.17 on Thursday. The firm has a 50 day simple moving average of $22.75 and a 200-day simple moving average of $25.28. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.97 and a quick ratio of 0.93. The stock has a market capitalization of $172.45 billion, a PE ratio of 8.33, a price-to-earnings-growth ratio of 1.01 and a beta of 0.23. AT&T Inc. has a 12-month low of $19.89 and a 12-month high of $29.79.

AT&T (NYSE:T) last announced its earnings results on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.59 by $0.06. The firm had revenue of $31.56 billion for the quarter, compared to analysts’ expectations of $31.80 billion. AT&T had a return on equity of 12.86% and a net margin of 16.94%.The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, equities research analysts expect that AT&T Inc. will post 2.34 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were given a dividend of $0.2775 per share. The ex-dividend date was Friday, July 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.4%. AT&T’s dividend payout ratio (DPR) is 36.75%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on T shares. Oppenheimer lowered AT&T from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 3rd. Argus cut their target price on AT&T from $33.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, July 23rd. Weiss Ratings upgraded AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 3rd. BNP Paribas Exane decreased their price target on AT&T from $28.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. Finally, Wall Street Zen raised AT&T from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $29.19.

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.