AT&T Inc. $T Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB reduced its stake in AT&T Inc. (NYSE:T) by 2.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,754,788 shares of the technology company’s stock after selling 55,986 shares during the period. Handelsbanken Fonder AB’s holdings in AT&T were worth $57,024,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in T. IFM Investors Pty Ltd boosted its holdings in shares of AT&T by 5.3% in the first quarter. IFM Investors Pty Ltd now owns 1,488,172 shares of the technology company’s stock valued at $43,142,000 after acquiring an additional 74,684 shares during the period. Parr Mcknight Wealth Management Group LLC acquired a new position in shares of AT&T in the 1st quarter valued at $2,901,000. Annex Advisory Services LLC raised its position in AT&T by 749.1% in the 4th quarter. Annex Advisory Services LLC now owns 159,598 shares of the technology company’s stock valued at $3,964,000 after purchasing an additional 140,802 shares during the last quarter. World Investment Advisors raised its position in AT&T by 85.0% in the 4th quarter. World Investment Advisors now owns 338,942 shares of the technology company’s stock valued at $8,419,000 after purchasing an additional 155,728 shares during the last quarter. Finally, Cerity Partners LLC boosted its stake in AT&T by 3.7% during the 4th quarter. Cerity Partners LLC now owns 1,668,862 shares of the technology company’s stock worth $41,449,000 after purchasing an additional 59,279 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Trading Up 1.2%

NYSE T opened at $24.07 on Tuesday. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $164.94 billion, a P/E ratio of 7.97, a P/E/G ratio of 0.97 and a beta of 0.23. AT&T Inc. has a 52-week low of $19.89 and a 52-week high of $29.79. The firm has a 50-day moving average price of $22.53 and a 200 day moving average price of $25.23.

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

AT&T Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Friday, July 10th. AT&T’s dividend payout ratio is currently 36.75%.

Analysts Set New Price Targets

Several brokerages have issued reports on T. Wells Fargo & Company raised their price objective 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. Wolfe Research raised shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 target price for the company in a report on Thursday, July 23rd. Sanford C. Bernstein reiterated an “outperform” rating and set a $25.00 target price on shares of AT&T in a research note on Monday, July 13th. Argus lowered their price target on AT&T from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Finally, TD Cowen boosted their price target on AT&T from $32.00 to $33.00 and gave the company a “hold” rating in a research report on Thursday, July 23rd. One 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 assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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.