AT&T (NYSE:T) Shares Down 1.8% – Here’s Why

Shares of AT&T Inc. (NYSE:T) fell 1.8% during trading on Thursday . The stock traded as low as $25.28 and last traded at $25.4160. Approximately 26,063,311 shares were traded during trading, a decline of 48% from the average session volume of 49,919,945 shares. The stock had previously closed at $25.87.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on T shares. Wolfe Research upgraded shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price objective for the company in a research note on Thursday, July 23rd. Oppenheimer cut shares of AT&T from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 3rd. TD Cowen raised their price target on shares of AT&T from $32.00 to $33.00 and gave the company a “hold” rating in a research report on Thursday, July 23rd. Morgan Stanley boosted their price objective on shares of AT&T from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $25.00 price objective on shares of AT&T in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, AT&T presently has an average rating of “Moderate Buy” and an average target price of $29.19.

AT&T Price Performance

The stock has a market capitalization of $174.16 billion, a PE ratio of 8.42, a PEG ratio of 1.05 and a beta of 0.23. The firm’s fifty day moving average price is $23.00 and its two-hundred day moving average price is $25.24. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 1.06.

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

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date was Friday, July 10th. AT&T’s dividend payout ratio (DPR) is 36.75%.

Institutional Trading of AT&T

Large investors have recently modified their holdings of the company. Fairway Wealth LLC purchased a new position in AT&T in the first quarter worth about $29,000. Robinswood Financial LLC purchased a new stake in shares of AT&T during the 1st quarter valued at about $29,000. Safe Harbor Fiduciary LLC bought a new position in shares of AT&T in the 4th quarter worth approximately $25,000. Rachor Investment Advisory Services LLC bought a new position in shares of AT&T in the 4th quarter worth approximately $25,000. Finally, Cresta Advisors Ltd. purchased a new position in shares of AT&T in the fourth quarter worth approximately $26,000. Institutional investors own 57.10% of the company’s stock.

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.