Integrated Advisors Network LLC Lowers Stock Position in AT&T Inc. $T

Integrated Advisors Network LLC cut its holdings in shares of AT&T Inc. (NYSE:TFree Report) by 43.2% during the first quarter, Holdings Channel.com reports. The firm owned 46,026 shares of the technology company’s stock after selling 34,961 shares during the period. Integrated Advisors Network LLC’s holdings in AT&T were worth $1,334,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of T. IFM Investors Pty Ltd raised its stake in AT&T by 5.3% in the first quarter. IFM Investors Pty Ltd now owns 1,488,172 shares of the technology company’s stock valued at $43,142,000 after buying an additional 74,684 shares during the last quarter. Annex Advisory Services LLC grew its stake in shares of AT&T by 749.1% during the fourth quarter. Annex Advisory Services LLC now owns 159,598 shares of the technology company’s stock worth $3,964,000 after acquiring an additional 140,802 shares during the last quarter. World Investment Advisors grew its stake in shares of AT&T by 85.0% during the fourth quarter. World Investment Advisors now owns 338,942 shares of the technology company’s stock worth $8,419,000 after acquiring an additional 155,728 shares during the last quarter. Cerity Partners LLC increased its holdings in shares of AT&T by 3.7% during the fourth quarter. Cerity Partners LLC now owns 1,668,862 shares of the technology company’s stock valued at $41,449,000 after acquiring an additional 59,279 shares in the last quarter. Finally, ING Groep NV increased its holdings in shares of AT&T by 120.3% during the fourth quarter. ING Groep NV now owns 2,050,310 shares of the technology company’s stock valued at $50,930,000 after acquiring an additional 1,119,731 shares in the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on T shares. Royal Bank Of Canada reiterated an “outperform” rating and issued a $31.00 target price on shares of AT&T in a research note on Wednesday, May 20th. BNP Paribas Exane decreased their price target on shares of AT&T from $28.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. Citigroup lifted their price objective on shares of AT&T from $29.00 to $31.50 and gave the stock a “buy” rating in a research note on Monday, March 23rd. Oppenheimer lowered shares of AT&T from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 3rd. Finally, Morgan Stanley cut their target price on AT&T from $30.00 to $25.00 and set an “overweight” rating on the stock in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $29.68.

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AT&T Trading Down 0.1%

NYSE T opened at $21.06 on Thursday. AT&T Inc. has a 1 year low of $19.89 and a 1 year high of $29.79. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.92 and a quick ratio of 0.87. The company has a market capitalization of $146.33 billion, a PE ratio of 7.07, a P/E/G ratio of 0.86 and a beta of 0.24. The company has a fifty day moving average of $23.57 and a 200 day moving average of $25.45.

AT&T (NYSE:TGet Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.02. The company 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 firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period last year, the firm earned $0.51 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Research analysts forecast that AT&T Inc. will post 2.31 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 10th will be paid a $0.2775 dividend. The ex-dividend date is Friday, July 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.3%. AT&T’s dividend payout ratio is presently 37.25%.

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.

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

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