Ethic Inc. Trims Stock Position in AT&T Inc. $T

Ethic Inc. trimmed its holdings in AT&T Inc. (NYSE:T) by 3.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,052,543 shares of the technology company’s stock after selling 38,600 shares during the period. Ethic Inc.’s holdings in AT&T were worth $26,145,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Amundi boosted its position in shares of AT&T by 67.5% in the third quarter. Amundi now owns 42,295,492 shares of the technology company’s stock worth $1,094,184,000 after acquiring an additional 17,040,328 shares during the last quarter. Woodline Partners LP increased its position in AT&T by 931.4% during the third quarter. Woodline Partners LP now owns 8,027,708 shares of the technology company’s stock worth $226,702,000 after purchasing an additional 7,249,373 shares during the last quarter. PFA Pension Forsikringsaktieselskab acquired a new position in AT&T during the fourth quarter worth approximately $126,050,000. SG Americas Securities LLC raised its stake in AT&T by 222.7% during the fourth quarter. SG Americas Securities LLC now owns 6,846,868 shares of the technology company’s stock worth $170,076,000 after purchasing an additional 4,725,382 shares during the period. Finally, California Public Employees Retirement System raised its stake in AT&T by 23.2% during the third quarter. California Public Employees Retirement System now owns 24,472,780 shares of the technology company’s stock worth $691,111,000 after purchasing an additional 4,613,259 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

T has been the subject of several research reports. UBS Group reissued a “buy” rating on shares of AT&T in a research note on Thursday, January 29th. Oppenheimer lifted their target price on AT&T from $29.00 to $32.00 and gave the company an “outperform” rating in a report on Wednesday, March 11th. Barclays lowered their price target on AT&T from $28.00 to $26.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 13th. Williams Trading set a $32.00 price target on AT&T in a research note on Thursday, January 29th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $33.00 price objective on shares of AT&T in a report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, AT&T presently has a consensus rating of “Moderate Buy” and an average target price of $30.55.

AT&T Stock Down 0.5%

Shares of NYSE:T opened at $25.14 on Friday. The firm has a market cap of $174.69 billion, a PE ratio of 8.44, a price-to-earnings-growth ratio of 0.93 and a beta of 0.23. The company has a fifty day simple moving average of $27.36 and a 200 day simple moving average of $26.04. 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 Inc. has a 12-month low of $22.95 and a 12-month high of $29.79.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. The business had revenue of $31.51 billion during the quarter, compared to the consensus estimate of $31.29 billion. AT&T had a return on equity of 12.49% and a net margin of 16.94%.The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.51 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, equities research analysts anticipate that AT&T Inc. will post 2.31 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Friday, April 10th were paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Friday, April 10th. AT&T’s dividend payout ratio is presently 37.25%.

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.