AT&T Inc. $T Shares Sold by Townsquare Capital LLC

Townsquare Capital LLC trimmed its holdings in AT&T Inc. (NYSE:TFree Report) by 14.4% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 201,699 shares of the technology company’s stock after selling 33,851 shares during the period. AT&T accounts for approximately 0.9% of Townsquare Capital LLC’s portfolio, making the stock its 29th largest position. Townsquare Capital LLC’s holdings in AT&T were worth $5,696,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Brighton Jones LLC increased its holdings in shares of AT&T by 26.5% in the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock valued at $1,106,000 after purchasing an additional 10,188 shares during the period. Cooper Financial Group grew its position in AT&T by 9.7% in the 2nd quarter. Cooper Financial Group now owns 26,903 shares of the technology company’s stock valued at $779,000 after buying an additional 2,387 shares during the last quarter. Bartlett & CO. Wealth Management LLC increased its stake in AT&T by 3.5% in the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 119,207 shares of the technology company’s stock valued at $3,450,000 after buying an additional 4,058 shares during the period. Trilogy Capital Inc. raised its position in AT&T by 86.1% during the 2nd quarter. Trilogy Capital Inc. now owns 22,233 shares of the technology company’s stock worth $643,000 after buying an additional 10,284 shares during the last quarter. Finally, Heritage Financial Services LLC lifted its stake in shares of AT&T by 35.5% in the 2nd quarter. Heritage Financial Services LLC now owns 13,899 shares of the technology company’s stock worth $402,000 after acquiring an additional 3,640 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

Shares of T stock opened at $25.10 on Friday. The stock has a fifty day moving average price of $24.49 and a 200 day moving average price of $26.34. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.96 and a current ratio of 0.91. The stock has a market cap of $177.91 billion, a PE ratio of 8.23, a P/E/G ratio of 1.31 and a beta of 0.39. AT&T Inc. has a 1 year low of $22.95 and a 1 year high of $29.79.

AT&T (NYSE:TGet Free Report) last released its quarterly earnings results on Wednesday, January 28th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.06. The business had revenue of $33.47 billion during the quarter, compared to the consensus estimate of $32.91 billion. AT&T had a return on equity of 12.33% and a net margin of 17.47%.The business’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.43 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Sell-side analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Monday, January 12th will be issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Monday, January 12th. AT&T’s dividend payout ratio is 36.04%.

Analyst Ratings Changes

A number of brokerages recently commented on T. Weiss Ratings restated a “buy (b-)” rating on shares of AT&T in a research report on Monday, December 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $33.00 target price on shares of AT&T in a research note on Thursday. Morgan Stanley decreased their price target on AT&T from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 10th. Citigroup cut their price objective on AT&T from $32.00 to $29.00 and set a “buy” rating for the company in a research report on Monday, December 22nd. Finally, Scotiabank restated a “sector perform” rating and set a $29.50 target price on shares of AT&T in a research report on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, AT&T has an average rating of “Moderate Buy” and a consensus target price of $29.83.

Check Out Our Latest Research Report on AT&T

Key Headlines Impacting AT&T

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AT&T Company Profile

(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.

Further Reading

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

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