AT&T (NYSE:T) Stock Price Down 1.3% – Should You Sell?

AT&T Inc. (NYSE:T) was down 1.3% during trading on Monday . The company traded as low as $28.72 and last traded at $28.7360. Approximately 34,661,149 shares traded hands during trading, a decline of 24% from the average daily volume of 45,594,668 shares. The stock had previously closed at $29.10.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on T shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $33.00 price objective on shares of AT&T in a report on Thursday, January 29th. Oppenheimer increased their target price on shares of AT&T from $29.00 to $32.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 11th. Weiss Ratings reissued a “buy (b-)” rating on shares of AT&T in a research report on Monday, December 29th. Morgan Stanley dropped their price target on shares of AT&T from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 10th. Finally, TD Cowen reaffirmed a “hold” rating on shares of AT&T in a report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $30.72.

AT&T Stock Down 1.3%

The stock has a fifty day simple moving average of $27.21 and a two-hundred day simple moving average of $26.22. The firm has a market cap of $200.68 billion, a PE ratio of 9.42, a price-to-earnings-growth ratio of 1.09 and a beta of 0.39. 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:T) last announced its quarterly earnings results on Wednesday, January 28th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.06. AT&T had a net margin of 17.47% and a return on equity of 12.33%. The firm had revenue of $33.47 billion for the quarter, compared to the consensus estimate of $32.91 billion. During the same period in the prior year, the firm posted $0.43 earnings per share. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, sell-side analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, April 10th will be paid a $0.2775 dividend. The ex-dividend date is Friday, April 10th. This represents a $1.11 annualized dividend and a yield of 3.9%. AT&T’s dividend payout ratio is currently 36.39%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Financial & Tax Architects LLC boosted its stake in AT&T by 4.9% during the second quarter. Financial & Tax Architects LLC now owns 7,588 shares of the technology company’s stock valued at $220,000 after buying an additional 356 shares during the period. Tsfg LLC increased its stake in AT&T by 3.6% in the 4th quarter. Tsfg LLC now owns 10,656 shares of the technology company’s stock worth $265,000 after acquiring an additional 366 shares during the last quarter. Lifestyle Asset Management Inc. increased its stake in AT&T by 3.6% in the 4th quarter. Lifestyle Asset Management Inc. now owns 10,511 shares of the technology company’s stock worth $261,000 after acquiring an additional 368 shares during the last quarter. Hillsdale Investment Management Inc. raised its holdings in shares of AT&T by 1.2% in the 4th quarter. Hillsdale Investment Management Inc. now owns 31,970 shares of the technology company’s stock valued at $794,000 after acquiring an additional 370 shares in the last quarter. Finally, Bruce G. Allen Investments LLC raised its holdings in shares of AT&T by 1.7% in the 4th quarter. Bruce G. Allen Investments LLC now owns 22,398 shares of the technology company’s stock valued at $556,000 after acquiring an additional 374 shares in the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

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.