AT&T Inc. $T Shares Sold by Banco Santander S.A.

Banco Santander S.A. lessened its stake in shares of AT&T Inc. (NYSE:TFree Report) by 56.5% during the third quarter, HoldingsChannel reports. The firm owned 50,144 shares of the technology company’s stock after selling 65,063 shares during the period. Banco Santander S.A.’s holdings in AT&T were worth $1,416,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. R Squared Ltd purchased a new stake in shares of AT&T during the 3rd quarter valued at about $371,000. Lansing Street Advisors boosted its holdings in AT&T by 7.7% in the 3rd quarter. Lansing Street Advisors now owns 8,948 shares of the technology company’s stock worth $253,000 after acquiring an additional 637 shares during the period. DNB Asset Management AS grew its position in AT&T by 6.7% in the third quarter. DNB Asset Management AS now owns 2,162,125 shares of the technology company’s stock valued at $61,058,000 after acquiring an additional 136,070 shares in the last quarter. Advisor OS LLC raised its stake in shares of AT&T by 9.0% during the third quarter. Advisor OS LLC now owns 82,950 shares of the technology company’s stock valued at $2,342,000 after purchasing an additional 6,848 shares during the period. Finally, Interchange Capital Partners LLC lifted its position in shares of AT&T by 60.0% during the third quarter. Interchange Capital Partners LLC now owns 12,917 shares of the technology company’s stock worth $365,000 after purchasing an additional 4,844 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analysts Set New Price Targets

T has been the subject of a number of recent analyst reports. Sanford C. Bernstein lowered their price target on shares of AT&T from $31.00 to $30.00 and set an “outperform” rating for the company in a report on Friday, January 16th. Arete Research set a $20.00 price objective on shares of AT&T in a research report on Tuesday, January 6th. Wolfe Research downgraded AT&T from an “outperform” rating to a “peer perform” rating in a research note on Monday, December 15th. KeyCorp reiterated an “overweight” rating on shares of AT&T in a research note on Wednesday, January 21st. Finally, Williams Trading set a $32.00 price target on AT&T in a report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $29.93.

View Our Latest Research Report on T

Key AT&T News

Here are the key news stories impacting AT&T this week:

AT&T Price Performance

T opened at $27.97 on Friday. The company has a market capitalization of $195.79 billion, a P/E ratio of 9.17, a PEG ratio of 1.04 and a beta of 0.39. The company has a 50-day moving average of $25.63 and a 200-day moving average of $26.36. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.86 and a current ratio of 0.91. AT&T Inc. has a 1-year low of $22.95 and a 1-year high of $29.79.

AT&T (NYSE:TGet Free Report) last posted its quarterly earnings results on Wednesday, January 28th. The technology company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.06. The business had revenue of $33.47 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 3.6% compared to the same quarter last year. During the same period last year, the firm earned $0.43 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

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

AT&T 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.

See Also

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

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