ProShare Advisors LLC Reduces Holdings in AT&T Inc. $T

ProShare Advisors LLC lessened its position in shares of AT&T Inc. (NYSE:T) by 2.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,225,734 shares of the technology company’s stock after selling 27,501 shares during the quarter. ProShare Advisors LLC’s holdings in AT&T were worth $34,615,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Front Row Advisors LLC purchased a new stake in AT&T in the second quarter valued at $25,000. Mountain Hill Investment Partners Corp. increased its position in shares of AT&T by 363.7% during the 3rd quarter. Mountain Hill Investment Partners Corp. now owns 895 shares of the technology company’s stock worth $25,000 after purchasing an additional 702 shares during the last quarter. Solstein Capital LLC raised its holdings in AT&T by 217.3% in the 2nd quarter. Solstein Capital LLC now owns 952 shares of the technology company’s stock valued at $28,000 after buying an additional 652 shares during the period. Curio Wealth LLC raised its holdings in AT&T by 26,100.0% in the 2nd quarter. Curio Wealth LLC now owns 1,048 shares of the technology company’s stock valued at $30,000 after buying an additional 1,044 shares during the period. Finally, Cloud Capital Management LLC acquired a new position in AT&T in the third quarter valued at about $31,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

T has been the subject of a number of recent analyst reports. Morgan Stanley dropped their price target on shares of AT&T from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Wednesday, December 10th. Wolfe Research cut shares of AT&T from an “outperform” rating to a “peer perform” rating in a research report on Monday, December 15th. Arete Research set a $20.00 target price on shares of AT&T in a report on Tuesday, January 6th. Loop Capital set a $29.00 target price on AT&T in a research report on Friday, December 19th. Finally, KeyCorp restated an “overweight” rating on shares of AT&T in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $29.83.

AT&T Price Performance

AT&T stock opened at $27.41 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 0.91 and a debt-to-equity ratio of 1.00. AT&T Inc. has a 52-week low of $22.95 and a 52-week high of $29.79. The firm has a market cap of $194.32 billion, a PE ratio of 8.99, a price-to-earnings-growth ratio of 1.01 and a beta of 0.39. The company’s 50 day moving average is $24.68 and its two-hundred day moving average is $26.31.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, January 28th. The technology company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.06. The business had revenue of $33.47 billion for 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%.The company’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.43 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, research analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Monday, January 12th were issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.0%. The ex-dividend date was Monday, January 12th. AT&T’s payout ratio is 36.39%.

AT&T Company 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.