AT&T Inc. $T Shares Sold by Cullen Capital Management LLC

Cullen Capital Management LLC trimmed its holdings in AT&T Inc. (NYSE:T) by 1.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,714,515 shares of the technology company’s stock after selling 106,114 shares during the period. AT&T accounts for about 1.6% of Cullen Capital Management LLC’s holdings, making the stock its 28th biggest holding. Cullen Capital Management LLC owned 0.08% of AT&T worth $141,949,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. GGM Financials LLC acquired a new stake in shares of AT&T in the third quarter valued at about $25,000. Rachor Investment Advisory Services LLC acquired a new stake in shares of AT&T in the fourth quarter valued at about $25,000. Cresta Advisors Ltd. acquired a new stake in shares of AT&T in the fourth quarter valued at about $26,000. Blueline Advisors LLC acquired a new stake in shares of AT&T in the fourth quarter valued at about $26,000. Finally, Winnow Wealth LLC raised its position in shares of AT&T by 362.8% in the fourth quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company’s stock valued at $26,000 after buying an additional 820 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Price Performance

AT&T stock opened at $23.54 on Friday. AT&T Inc. has a 12-month low of $22.32 and a 12-month high of $29.79. The stock has a market cap of $163.56 billion, a P/E ratio of 7.90, a PEG ratio of 0.96 and a beta of 0.21. The company has a 50-day moving average price of $25.32 and a 200 day moving average price of $25.86. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 1.05.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.02. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The firm had revenue of $31.51 billion during the quarter, compared to analysts’ expectations of $31.29 billion. During the same period last year, the business earned $0.51 earnings per share. AT&T’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. Sell-side analysts anticipate that AT&T Inc. will post 2.31 earnings per share for the current year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Friday, April 10th were given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.7%. The ex-dividend date was Friday, April 10th. AT&T’s dividend payout ratio (DPR) is presently 37.25%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. BNP Paribas Exane reduced their target price on shares of AT&T from $28.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. KeyCorp raised their price objective on shares of AT&T from $30.00 to $36.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 25th. Scotiabank cut their price objective on shares of AT&T from $31.50 to $31.00 and set a “sector perform” rating for the company in a research report on Thursday, April 23rd. Weiss Ratings cut shares of AT&T from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. Finally, Morgan Stanley began coverage on shares of AT&T in a research report on Thursday, April 16th. They set an “overweight” rating and a $30.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $30.55.

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.