Forum Financial Management LP Decreases Stock Position in AT&T Inc. $T

Forum Financial Management LP lessened its stake in shares of AT&T Inc. (NYSE:T) by 65.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 53,601 shares of the technology company’s stock after selling 102,935 shares during the period. Forum Financial Management LP’s holdings in AT&T were worth $1,554,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in T. Rachor Investment Advisory Services LLC bought a new stake in shares of AT&T in the fourth quarter worth about $25,000. Safe Harbor Fiduciary LLC bought a new position in AT&T during the fourth quarter valued at approximately $25,000. Cresta Advisors Ltd. bought a new position in AT&T during the fourth quarter valued at approximately $26,000. Blueline Advisors LLC purchased a new position in AT&T during the 4th quarter valued at approximately $26,000. Finally, Winnow Wealth LLC grew its holdings in AT&T by 362.8% during the 4th quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company’s stock valued at $26,000 after buying an additional 820 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Trading Down 4.0%

T opened at $21.82 on Tuesday. The stock has a 50-day moving average of $24.33 and a 200 day moving average of $25.63. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 1.05. AT&T Inc. has a 12 month low of $21.28 and a 12 month high of $29.79. The firm has a market cap of $151.58 billion, a P/E ratio of 7.32, a P/E/G ratio of 0.92 and a beta of 0.21.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. The business had revenue of $31.51 billion for the quarter, compared to the consensus estimate of $31.29 billion. AT&T had a return on equity of 12.49% and a net margin of 16.94%.The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.51 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, research analysts forecast that AT&T Inc. will post 2.31 EPS for the current year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 5.1%. The ex-dividend date is Friday, July 10th. AT&T’s dividend payout ratio is presently 37.25%.

Analyst Ratings Changes

A number of research firms have issued reports on T. Wall Street Zen raised AT&T from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. KeyCorp raised their target price on shares of AT&T from $30.00 to $36.00 and gave the company an “overweight” rating in a report on Wednesday, March 25th. Scotiabank cut their target price on shares of AT&T from $31.50 to $31.00 and set a “sector perform” rating for the company in a report on Thursday, April 23rd. Arete Research upgraded shares of AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price target on the stock in a research report on Tuesday, March 10th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $31.00 price target on shares of AT&T in a research note on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $30.55.

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.