Park Edge Advisors LLC Trims Stake in AT&T Inc. $T

Park Edge Advisors LLC trimmed its position in AT&T Inc. (NYSE:T) by 87.3% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 11,966 shares of the technology company’s stock after selling 82,015 shares during the quarter. Park Edge Advisors LLC’s holdings in AT&T were worth $347,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in T. GGM Financials LLC purchased a new position in shares of AT&T during the third quarter valued at $25,000. Rachor Investment Advisory Services LLC purchased a new stake in AT&T in the fourth quarter worth about $25,000. Safe Harbor Fiduciary LLC purchased a new stake in AT&T in the fourth quarter worth about $25,000. Cresta Advisors Ltd. bought a new position in AT&T during the 4th quarter worth about $26,000. Finally, Blueline Advisors LLC bought a new position in AT&T during the 4th quarter worth about $26,000. Institutional investors own 57.10% of the company’s stock.

More AT&T News

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

• Positive Sentiment: AT&T declared a quarterly dividend of $0.2775 per common share, reinforcing its appeal to income-focused investors and signaling continued capital returns. AT&T Declares Dividends on Common and Preferred Shares
• Positive Sentiment: AT&T also announced a continued collaboration with Intrado to support next-generation 9-1-1 services, which may help strengthen its network capabilities and compliance with FCC requirements. Intrado and AT&T Strengthen Longstanding Collaboration to Support NG 9-1-1 Innovation
• Neutral Sentiment: Some coverage highlighted AT&T as a telecom stock to watch and noted its fiber-expansion strategy, but this was largely a broad industry commentary rather than a new company-specific catalyst. The Zacks Analyst Blog Highlights Visa, TotalEnergies, AT&T, Tredegar and Geospace
• Negative Sentiment: AT&T is under pressure from California regulatory resistance to its copper-network retirement plans, creating a policy overhang for the stock. What California’s Regulatory Resistance Means For AT&T Stock
• Negative Sentiment: AT&T was cited as falling more than the broader market, reflecting weakness in the stock during a risk-off session for communication services. Here’s Why AT&T (T) Fell More Than Broader Market

AT&T Price Performance

T opened at $22.34 on Thursday. The firm has a market capitalization of $155.26 billion, a PE ratio of 7.50, a price-to-earnings-growth ratio of 0.95 and a beta of 0.21. 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 business’s 50-day moving average is $24.54 and its two-hundred day moving average is $25.68. AT&T Inc. has a 1 year low of $21.99 and a 1 year high of $29.79.

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

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Friday, July 10th. AT&T’s payout ratio is 37.25%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on T shares. BNP Paribas Exane reduced 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. Wall Street Zen upgraded shares of AT&T from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Scotiabank cut their price objective on shares of AT&T from $31.50 to $31.00 and set a “sector perform” rating on the stock 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 company a “buy” rating in a report on Monday, March 23rd. Finally, KeyCorp boosted their price objective on shares of AT&T from $30.00 to $36.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 25th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $30.55.

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.