Zions Bancorporation National Association UT Lowers Stock Holdings in AT&T Inc. $T

Zions Bancorporation National Association UT lowered its position in shares of AT&T Inc. (NYSE:T) by 87.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,008 shares of the technology company’s stock after selling 129,594 shares during the period. Zions Bancorporation National Association UT’s holdings in AT&T were worth $537,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of T. Front Row Advisors LLC bought a new position in shares of AT&T during the 2nd quarter valued at $25,000. Mountain Hill Investment Partners Corp. boosted its position in AT&T by 363.7% during the third quarter. Mountain Hill Investment Partners Corp. now owns 895 shares of the technology company’s stock valued at $25,000 after buying an additional 702 shares during the period. Solstein Capital LLC grew its stake in shares of AT&T by 217.3% during the second 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 last quarter. Curio Wealth LLC increased its holdings in shares of AT&T by 26,100.0% in the second quarter. Curio Wealth LLC now owns 1,048 shares of the technology company’s stock worth $30,000 after buying an additional 1,044 shares during the period. Finally, Cloud Capital Management LLC bought a new stake in shares of AT&T in the 3rd quarter valued at about $31,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Scotiabank restated a “sector perform” rating and set a $29.50 price target on shares of AT&T in a research report on Wednesday, January 7th. Weiss Ratings restated a “buy (b-)” rating on shares of AT&T in a report on Monday, December 29th. Wall Street Zen lowered shares of AT&T from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. The Goldman Sachs Group dropped their price target on shares of AT&T from $33.00 to $29.00 and set a “buy” rating for the company in a research report on Friday, December 19th. Finally, KeyCorp restated an “overweight” rating on shares of AT&T in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, AT&T currently has an average rating of “Moderate Buy” and an average price target of $29.93.

AT&T Stock Performance

NYSE:T opened at $28.70 on Wednesday. The stock has a market cap of $200.92 billion, a P/E ratio of 9.41, a price-to-earnings-growth ratio of 1.06 and a beta of 0.39. The firm’s fifty day simple moving average is $25.04 and its 200 day simple moving average is $26.35. 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.

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

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Monday, January 12th were given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Monday, January 12th. AT&T’s payout ratio is presently 36.39%.

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.