Ontario Teachers Pension Plan Board Sells 384,718 Shares of AT&T Inc. $T

Ontario Teachers Pension Plan Board lowered its holdings in AT&T Inc. (NYSE:T) by 9.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,712,381 shares of the technology company’s stock after selling 384,718 shares during the quarter. AT&T comprises approximately 2.2% of Ontario Teachers Pension Plan Board’s investment portfolio, making the stock its 14th largest holding. Ontario Teachers Pension Plan Board’s holdings in AT&T were worth $104,838,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Front Row Advisors LLC bought a new position in AT&T in the 2nd quarter valued at about $25,000. Mountain Hill Investment Partners Corp. raised its stake in shares of AT&T by 363.7% in the third quarter. Mountain Hill Investment Partners Corp. now owns 895 shares of the technology company’s stock worth $25,000 after purchasing an additional 702 shares during the last quarter. Solstein Capital LLC lifted its holdings in shares of AT&T by 217.3% in the second quarter. Solstein Capital LLC now owns 952 shares of the technology company’s stock valued at $28,000 after purchasing an additional 652 shares in the last quarter. Curio Wealth LLC boosted its position in shares of AT&T by 26,100.0% during the second quarter. Curio Wealth LLC now owns 1,048 shares of the technology company’s stock valued at $30,000 after buying an additional 1,044 shares during the last quarter. Finally, Legacy Investment Solutions LLC bought a new stake in AT&T during the second quarter worth $32,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Trading Down 2.8%

NYSE:T opened at $27.89 on Thursday. AT&T Inc. has a 12 month low of $22.95 and a 12 month high of $29.79. The company has a current ratio of 0.91, a quick ratio of 0.86 and a debt-to-equity ratio of 1.00. The firm’s 50 day moving average is $25.11 and its 200 day moving average is $26.36. The stock has a market capitalization of $195.21 billion, a PE ratio of 9.14, a price-to-earnings-growth ratio of 1.06 and a beta of 0.39.

AT&T (NYSE:T) last issued its earnings results on Wednesday, January 28th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.06. AT&T had a return on equity of 12.33% and a net margin of 17.47%.The firm had revenue of $33.47 billion for the quarter, compared to analyst estimates of $32.91 billion. During the same period in the previous year, the company posted $0.43 earnings per share. The business’s revenue was up 3.6% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Sell-side analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Monday, January 12th were issued a dividend of $0.2775 per share. The ex-dividend date of this dividend was Monday, January 12th. This represents a $1.11 annualized dividend and a yield of 4.0%. AT&T’s dividend payout ratio is 36.39%.

Wall Street Analysts Forecast Growth

T has been the topic of several recent analyst reports. KeyCorp restated an “overweight” rating on shares of AT&T in a research note on Wednesday, January 21st. Wall Street Zen lowered shares of AT&T from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Barclays reduced their price objective on shares of 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. Royal Bank Of Canada reissued an “outperform” rating and set a $31.00 target price on shares of AT&T in a research report on Thursday, February 12th. Finally, Scotiabank reaffirmed a “sector perform” rating and issued a $29.50 target price on shares of AT&T in a report on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, AT&T has a consensus rating of “Moderate Buy” and a consensus price target of $29.93.

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.