Janus Henderson Group PLC Trims Position in AT&T Inc. $T

Janus Henderson Group PLC lowered its position in shares of AT&T Inc. (NYSE:T) by 16.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 842,180 shares of the technology company’s stock after selling 166,059 shares during the quarter. Janus Henderson Group PLC’s holdings in AT&T were worth $24,395,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of AT&T during the 4th quarter worth $2,181,977,000. Amundi increased its stake in AT&T by 67.5% in the third quarter. Amundi now owns 42,295,492 shares of the technology company’s stock valued at $1,094,184,000 after purchasing an additional 17,040,328 shares during the last quarter. Alyeska Investment Group L.P. increased its stake in AT&T by 620.8% in the fourth quarter. Alyeska Investment Group L.P. now owns 11,891,778 shares of the technology company’s stock valued at $295,392,000 after purchasing an additional 10,241,949 shares during the last quarter. State Street Corp lifted its position in AT&T by 2.6% during the fourth quarter. State Street Corp now owns 332,089,723 shares of the technology company’s stock worth $8,249,109,000 after buying an additional 8,314,678 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in AT&T by 49.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 25,155,597 shares of the technology company’s stock worth $624,865,000 after buying an additional 8,297,201 shares during the period. 57.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

T has been the subject of several recent analyst reports. TD Cowen lifted their price target on AT&T from $32.00 to $33.00 and gave the company a “hold” rating in a report on Thursday, July 23rd. Scotiabank cut their price objective on shares of AT&T from $31.00 to $29.25 and set a “sector perform” rating on the stock in a report on Wednesday, July 15th. Wells Fargo & Company raised their target price on shares of AT&T from $18.00 to $20.00 and gave the stock an “underweight” rating in a research report on Thursday, July 23rd. Argus lowered their target price on shares of AT&T from $33.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. Finally, Wall Street Zen raised shares of AT&T from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, AT&T presently has an average rating of “Moderate Buy” and an average target price of $29.19.

AT&T Stock Performance

Shares of T stock opened at $23.58 on Tuesday. The company’s fifty day simple moving average is $22.65 and its 200-day simple moving average is $25.23. AT&T Inc. has a 52 week low of $19.89 and a 52 week high of $29.79. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06. The company has a market cap of $161.58 billion, a PE ratio of 7.81, a P/E/G ratio of 0.95 and a beta of 0.23.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. The firm had revenue of $31.56 billion during the quarter, compared to analysts’ expectations of $31.80 billion. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The firm’s revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.54 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, equities research analysts anticipate that AT&T Inc. will post 2.34 EPS for the current year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.7%. The ex-dividend date was Friday, July 10th. AT&T’s dividend payout ratio (DPR) is presently 36.75%.

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.