AT&T Inc. $T is Lighthouse Investment Partners LLC’s 9th Largest Position

Lighthouse Investment Partners LLC lowered its stake in shares of AT&T Inc. (NYSE:T) by 12.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 802,595 shares of the technology company’s stock after selling 119,161 shares during the period. AT&T comprises about 0.7% of Lighthouse Investment Partners LLC’s investment portfolio, making the stock its 9th biggest holding. Lighthouse Investment Partners LLC’s holdings in AT&T were worth $22,665,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Csenge Advisory Group grew its stake in AT&T by 20.3% in the 3rd quarter. Csenge Advisory Group now owns 189,293 shares of the technology company’s stock valued at $5,346,000 after buying an additional 31,935 shares during the last quarter. Rhumbline Advisers lifted its position in AT&T by 0.4% during the 3rd quarter. Rhumbline Advisers now owns 12,810,872 shares of the technology company’s stock worth $361,779,000 after acquiring an additional 49,727 shares during the last quarter. Wealthfront Advisers LLC boosted its holdings in AT&T by 4.9% during the third quarter. Wealthfront Advisers LLC now owns 1,411,031 shares of the technology company’s stock valued at $39,848,000 after acquiring an additional 66,448 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its holdings in AT&T by 1.4% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,133,054 shares of the technology company’s stock valued at $512,077,000 after acquiring an additional 248,567 shares during the period. Finally, Public Sector Pension Investment Board grew its position in shares of AT&T by 140.8% in the third quarter. Public Sector Pension Investment Board now owns 2,888,630 shares of the technology company’s stock valued at $81,575,000 after purchasing an additional 1,689,073 shares during the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

T has been the subject of several research analyst reports. Arete Research raised AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price objective for the company in a research report on Tuesday, March 10th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of AT&T in a report on Monday, December 29th. Wells Fargo & Company dropped their price target on AT&T from $29.00 to $27.00 and set an “overweight” rating on the stock in a research report on Monday, January 26th. Royal Bank Of Canada reiterated an “outperform” rating and set a $31.00 price target on shares of AT&T in a report on Thursday, February 12th. Finally, UBS Group restated a “buy” rating on shares of AT&T in a research note on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, AT&T presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.35.

AT&T Stock Up 1.3%

T stock opened at $27.73 on Monday. AT&T Inc. has a twelve month low of $22.95 and a twelve month high of $29.79. The company has a quick ratio of 0.86, a current ratio of 0.91 and a debt-to-equity ratio of 1.00. The company has a market cap of $194.15 billion, a PE ratio of 9.09, a price-to-earnings-growth ratio of 1.04 and a beta of 0.39. The business’s 50-day simple moving average is $26.31 and its 200 day simple moving average is $26.28.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, January 28th. The technology company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.06. AT&T had a return on equity of 12.33% and a net margin of 17.47%.The company had revenue of $33.47 billion during the quarter, compared to the consensus estimate of $32.91 billion. During the same quarter last year, the company earned $0.43 EPS. The company’s quarterly revenue was up 3.6% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, research analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current year.

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.