Geode Capital Management LLC Cuts Stock Holdings in AT&T Inc. $T

Geode Capital Management LLC decreased its holdings in shares of AT&T Inc. (NYSE:T) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 171,003,772 shares of the technology company’s stock after selling 2,968,463 shares during the quarter. Geode Capital Management LLC’s holdings in AT&T were worth $4,235,476,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of T. GGM Financials LLC bought a new stake in AT&T in the 3rd quarter worth approximately $25,000. Rachor Investment Advisory Services LLC bought a new stake in AT&T in the 4th quarter worth approximately $25,000. Cresta Advisors Ltd. bought a new stake in AT&T in the 4th quarter worth approximately $26,000. OFI Invest Asset Management lifted its position in AT&T by 84.2% in the 4th quarter. OFI Invest Asset Management now owns 1,087,055 shares of the technology company’s stock worth $27,000 after buying an additional 496,804 shares during the last quarter. Finally, Eagle Bay Advisors LLC bought a new stake in AT&T in the 4th quarter worth approximately $29,000. Institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

Shares of AT&T stock opened at $24.92 on Thursday. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 1.05. The company has a market cap of $173.18 billion, a PE ratio of 8.36, a P/E/G ratio of 0.91 and a beta of 0.23. The business has a 50 day moving average of $26.50 and a 200 day moving average of $26.02. AT&T Inc. has a 52 week low of $22.95 and a 52 week high of $29.79.

AT&T (NYSE:T) last announced its earnings results on Wednesday, April 22nd. The technology company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. The company 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 firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, equities research analysts forecast that AT&T Inc. will post 2.31 earnings per share for the current year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Friday, April 10th were issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Friday, April 10th. AT&T’s dividend payout ratio is currently 37.25%.

Analysts Set New Price Targets

T has been the subject of a number of recent research reports. Williams Trading set a $32.00 target price on AT&T in a research report on Thursday, January 29th. UBS Group restated a “buy” rating on shares of AT&T in a research report on Thursday, January 29th. BNP Paribas Exane dropped their target price on AT&T from $28.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. TD Cowen restated a “hold” rating on shares of AT&T in a research report on Thursday, January 29th. Finally, Citigroup boosted their target price on AT&T from $29.00 to $31.50 and gave the stock a “buy” rating in a research report on Monday, March 23rd. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $30.55.

AT&T 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.