Tounjian Advisory Partners LLC Has $2.33 Million Position in AT&T Inc. $T

Tounjian Advisory Partners LLC cut its holdings in AT&T Inc. (NYSE:TFree Report) by 34.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 82,574 shares of the technology company’s stock after selling 43,646 shares during the quarter. Tounjian Advisory Partners LLC’s holdings in AT&T were worth $2,332,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Front Row Advisors LLC acquired a new stake in shares of AT&T in the 2nd quarter valued at $25,000. Mountain Hill Investment Partners Corp. raised its holdings in AT&T by 363.7% during the third quarter. Mountain Hill Investment Partners Corp. now owns 895 shares of the technology company’s stock valued at $25,000 after buying an additional 702 shares in the last quarter. GGM Financials LLC bought a new position in AT&T during the third quarter valued at about $25,000. Cloud Capital Management LLC bought a new stake in shares of AT&T during the 3rd quarter worth about $31,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of AT&T during the 2nd quarter worth about $32,000. 57.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on T shares. Royal Bank Of Canada reissued an “outperform” rating and issued a $31.00 price objective on shares of AT&T in a research note on Thursday, February 12th. Citigroup dropped their price target on shares of AT&T from $32.00 to $29.00 and set a “buy” rating on the stock in a research report on Monday, December 22nd. Scotiabank reaffirmed a “sector perform” rating and set a $29.50 price objective on shares of AT&T in a report on Wednesday, January 7th. Wells Fargo & Company lowered their target price on shares of AT&T from $29.00 to $27.00 and set an “overweight” rating on the stock in a research note on Monday, January 26th. Finally, Wall Street Zen downgraded shares of AT&T from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.93.

Read Our Latest Stock Analysis on T

AT&T Price Performance

Shares of T stock opened at $27.97 on Friday. AT&T Inc. has a 12 month low of $22.95 and a 12 month high of $29.79. The company has a market capitalization of $195.79 billion, a P/E ratio of 9.17, a P/E/G ratio of 1.02 and a beta of 0.39. The stock has a 50 day moving average of $25.63 and a two-hundred day moving average of $26.37. The company has a current ratio of 0.91, a quick ratio of 0.86 and a debt-to-equity ratio of 1.00.

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

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Monday, January 12th were issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Monday, January 12th. AT&T’s dividend payout ratio (DPR) is presently 36.39%.

Key AT&T News

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AT&T 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.

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

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