Wellington Management Group LLP Has $71.14 Million Stake in AT&T Inc. $T

Wellington Management Group LLP reduced its position in AT&T Inc. (NYSE:T) by 34.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,436,832 shares of the technology company’s stock after selling 1,790,203 shares during the quarter. Wellington Management Group LLP’s holdings in AT&T were worth $71,142,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in T. Bank of America Corp DE bought a new position in AT&T in the second quarter valued at approximately $2,310,898,000. Norges Bank bought a new stake in AT&T during the fourth quarter worth $2,181,977,000. GQG Partners LLC acquired a new stake in shares of AT&T in the 2nd quarter valued at $1,223,364,000. Legal & General Group Plc bought a new position in shares of AT&T in the 2nd quarter valued at $960,695,000. Finally, Amundi increased its stake in shares of AT&T by 67.5% in the 3rd quarter. Amundi now owns 42,295,492 shares of the technology company’s stock valued at $1,094,184,000 after purchasing an additional 17,040,328 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Scotiabank lowered their price target on AT&T from $31.00 to $29.25 and set a “sector perform” rating for the company in a report on Wednesday, July 15th. Wall Street Zen upgraded AT&T from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. The Goldman Sachs Group set a $30.00 target price on AT&T in a research note on Wednesday, July 22nd. Sanford C. Bernstein restated an “outperform” rating and issued a $25.00 price target on shares of AT&T in a research note on Monday, July 13th. Finally, Oppenheimer lowered shares of AT&T from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 3rd. One 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 assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $29.19.

AT&T Stock Performance

AT&T stock opened at $25.98 on Thursday. The business has a 50 day moving average of $23.36 and a 200-day moving average of $25.17. The company has a market capitalization of $178.03 billion, a P/E ratio of 8.60, a P/E/G ratio of 1.29 and a beta of 0.25. AT&T Inc. has a 1 year low of $19.89 and a 1 year high of $29.79. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.97 and a quick ratio of 0.93.

AT&T (NYSE:T) last posted its earnings results on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.59 by $0.06. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The business had revenue of $31.56 billion for the quarter, compared to the consensus estimate of $31.80 billion. During the same period last year, the company earned $0.54 EPS. The firm’s revenue 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. On average, equities research analysts predict that AT&T Inc. will post 2.34 earnings per share for the current year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Stockholders 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 dividend yield of 4.3%. The ex-dividend date was Friday, July 10th. AT&T’s payout ratio is 36.75%.

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.