SVB Wealth LLC Sells 20,853 Shares of AT&T Inc. $T

SVB Wealth LLC reduced its position in shares of AT&T Inc. (NYSE:T) by 19.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 84,373 shares of the technology company’s stock after selling 20,853 shares during the period. SVB Wealth LLC’s holdings in AT&T were worth $2,096,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mountain Hill Investment Partners Corp. lifted its stake in shares of AT&T by 363.7% in the third quarter. Mountain Hill Investment Partners Corp. now owns 895 shares of the technology company’s stock worth $25,000 after acquiring an additional 702 shares during the period. GGM Financials LLC acquired a new position in shares of AT&T in the third quarter worth approximately $25,000. Rachor Investment Advisory Services LLC acquired a new position in shares of AT&T in the 4th quarter worth approximately $25,000. Cresta Advisors Ltd. acquired a new position in shares of AT&T in the 4th quarter worth approximately $26,000. Finally, Cloud Capital Management LLC bought a new stake in shares of AT&T in the 3rd quarter valued at $31,000. 57.10% of the stock is currently owned by institutional investors.

AT&T Price Performance

Shares of T opened at $24.86 on Tuesday. AT&T Inc. has a 52-week low of $22.95 and a 52-week high of $29.79. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.87 and a current ratio of 0.92. The business’s 50 day moving average price is $27.25 and its two-hundred day moving average price is $26.02. The firm has a market cap of $172.70 billion, a PE ratio of 8.34, a price-to-earnings-growth ratio of 0.93 and a beta of 0.23.

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

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Friday, April 10th were paid a $0.2775 dividend. The ex-dividend date of this dividend was Friday, April 10th. This represents a $1.11 annualized dividend and a yield of 4.5%. AT&T’s payout ratio is 37.25%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Barclays decreased their price objective on shares of AT&T from $28.00 to $26.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 13th. Arete Research raised shares of AT&T from a “sell” rating to a “neutral” rating and set a $28.00 target price for the company in a research note on Tuesday, March 10th. TD Cowen reissued a “hold” rating on shares of AT&T in a research note on Thursday, January 29th. Sanford C. Bernstein lowered their target price on shares of AT&T from $31.00 to $30.00 and set an “outperform” rating for the company in a research note on Friday, January 16th. Finally, Oppenheimer lifted their target price on shares of AT&T from $29.00 to $32.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 11th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.55.

AT&T 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.