Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 68,022 Shares of AT&T Inc. $T

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its stake in shares of AT&T Inc. (NYSE:T) by 4.0% during the 4th quarter, Holdings Channel reports. The fund owned 1,649,046 shares of the technology company’s stock after selling 68,022 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in AT&T were worth $40,962,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in AT&T by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 664,055,700 shares of the technology company’s stock worth $16,495,144,000 after acquiring an additional 3,585,661 shares in the last quarter. State Street Corp lifted its stake in shares of AT&T by 0.8% in the third quarter. State Street Corp now owns 323,775,045 shares of the technology company’s stock valued at $9,143,407,000 after buying an additional 2,704,536 shares in the last quarter. Norges Bank bought a new position in shares of AT&T in the fourth quarter valued at $2,181,977,000. Capital Research Global Investors lifted its stake in shares of AT&T by 0.6% in the third quarter. Capital Research Global Investors now owns 65,607,835 shares of the technology company’s stock valued at $1,852,765,000 after buying an additional 370,455 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in shares of AT&T by 8.6% in the third quarter. Invesco Ltd. now owns 57,823,362 shares of the technology company’s stock valued at $1,632,932,000 after buying an additional 4,584,316 shares in the last quarter. 57.10% of the stock is owned by institutional investors.

AT&T Stock Performance

Shares of T stock opened at $24.80 on Friday. The firm has a 50-day moving average of $26.39 and a 200-day moving average of $26.01. The company has a market cap of $172.33 billion, a P/E ratio of 8.32, a P/E/G ratio of 0.90 and a beta of 0.23. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.92 and a quick ratio of 0.87. AT&T Inc. has a one year low of $22.95 and a one year high of $29.79.

AT&T (NYSE:T) last announced its 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. The company had revenue of $31.51 billion during the quarter, compared to the consensus estimate of $31.29 billion. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.51 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities research analysts forecast that AT&T Inc. will post 2.31 EPS for the current fiscal year.

AT&T Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Oppenheimer raised their price objective on shares of AT&T from $29.00 to $32.00 and gave the company an “outperform” rating in a research note on Wednesday, March 11th. KeyCorp raised their price objective on shares of AT&T from $30.00 to $36.00 and gave the company an “overweight” rating in a research note on Wednesday, March 25th. BNP Paribas Exane dropped their price objective on shares of AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. Wall Street Zen lowered shares of AT&T from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Weiss Ratings lowered shares of AT&T from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.