NS Partners Ltd Sells 743,636 Shares of AT&T Inc. $T

NS Partners Ltd cut its stake in shares of AT&T Inc. (NYSE:T) by 59.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 499,579 shares of the technology company’s stock after selling 743,636 shares during the quarter. NS Partners Ltd’s holdings in AT&T were worth $10,341,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Tsfg LLC lifted its holdings in AT&T by 3.6% in the 4th quarter. Tsfg LLC now owns 10,656 shares of the technology company’s stock worth $265,000 after purchasing an additional 366 shares in the last quarter. Lifestyle Asset Management Inc. boosted its position in shares of AT&T by 3.6% during the fourth quarter. Lifestyle Asset Management Inc. now owns 10,511 shares of the technology company’s stock worth $261,000 after acquiring an additional 368 shares during the last quarter. Hillsdale Investment Management Inc. grew its stake in AT&T by 1.2% during the fourth quarter. Hillsdale Investment Management Inc. now owns 31,970 shares of the technology company’s stock valued at $794,000 after acquiring an additional 370 shares in the last quarter. Bruce G. Allen Investments LLC lifted its stake in AT&T by 1.7% in the 4th quarter. Bruce G. Allen Investments LLC now owns 22,398 shares of the technology company’s stock worth $556,000 after purchasing an additional 374 shares in the last quarter. Finally, Rockline Wealth Management LLC boosted its holdings in shares of AT&T by 3.8% during the 4th quarter. Rockline Wealth Management LLC now owns 10,445 shares of the technology company’s stock valued at $259,000 after purchasing an additional 378 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

Shares of T stock opened at $25.92 on Tuesday. The stock has a 50 day moving average price of $23.22 and a 200 day moving average price of $25.21. AT&T Inc. has a 52-week low of $19.89 and a 52-week high of $29.79. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.93 and a current ratio of 0.97. The firm has a market capitalization of $177.61 billion, a P/E ratio of 8.58, a P/E/G ratio of 1.06 and a beta of 0.23.

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, beating analysts’ consensus estimates of $0.59 by $0.06. The firm had revenue of $31.56 billion during the quarter, compared to analyst estimates of $31.80 billion. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The business’s revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, sell-side analysts predict that AT&T Inc. will post 2.34 earnings per share for the current year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were given a dividend of $0.2775 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.3%. AT&T’s payout ratio is 36.75%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on T shares. TD Cowen boosted their target price on AT&T from $32.00 to $33.00 and gave the stock a “hold” rating in a research report on Thursday, July 23rd. Argus decreased their price target on shares of AT&T from $33.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, July 23rd. Wall Street Zen upgraded shares of AT&T from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. Sanford C. Bernstein restated an “outperform” rating and set a $25.00 target price on shares of AT&T in a research report on Monday, July 13th. Finally, Barclays dropped their price target on AT&T from $26.00 to $24.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $29.19.

AT&T Company 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.