Wright Investors Service Inc. Has $1.13 Million Stock Holdings in AT&T Inc. $T

Wright Investors Service Inc. cut its stake in shares of AT&T Inc. (NYSE:T) by 59.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 45,500 shares of the technology company’s stock after selling 66,277 shares during the period. Wright Investors Service Inc.’s holdings in AT&T were worth $1,130,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of T. Brighton Jones LLC boosted its position in AT&T by 26.5% during the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock valued at $1,106,000 after purchasing an additional 10,188 shares during the last quarter. Osterweis Capital Management Inc. raised its stake in AT&T by 4,352.9% in the second quarter. Osterweis Capital Management Inc. now owns 6,234 shares of the technology company’s stock valued at $180,000 after buying an additional 6,094 shares during the period. Main Street Financial Solutions LLC raised its stake in AT&T by 4.0% in the second quarter. Main Street Financial Solutions LLC now owns 26,796 shares of the technology company’s stock valued at $775,000 after buying an additional 1,022 shares during the period. HUB Investment Partners LLC raised its stake in AT&T by 19.6% in the second quarter. HUB Investment Partners LLC now owns 55,730 shares of the technology company’s stock valued at $1,613,000 after buying an additional 9,115 shares during the period. Finally, Peapack Gladstone Financial Corp raised its stake in AT&T by 1.8% in the second quarter. Peapack Gladstone Financial Corp now owns 207,063 shares of the technology company’s stock valued at $5,992,000 after buying an additional 3,677 shares during the period. 57.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on T shares. Citigroup upped their price objective on AT&T from $29.00 to $31.50 and gave the company a “buy” rating in a research note on Monday, March 23rd. The Goldman Sachs Group dropped their price objective on AT&T from $33.00 to $29.00 and set a “buy” rating on the stock in a research note on Friday, December 19th. Sanford C. Bernstein dropped their price objective on AT&T from $31.00 to $30.00 and set an “outperform” rating on the stock in a research note on Friday, January 16th. Arete Research upgraded AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price objective on the stock in a research note on Tuesday, March 10th. Finally, Scotiabank upped their price objective on AT&T from $31.00 to $31.50 and gave the company a “sector perform” rating in a research note on Wednesday, April 1st. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $30.74.

AT&T Price Performance

NYSE:T opened at $26.39 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.91 and a debt-to-equity ratio of 1.00. The stock’s 50 day moving average price is $27.92 and its two-hundred day moving average price is $26.09. The firm has a market capitalization of $184.28 billion, a price-to-earnings ratio of 8.65, a P/E/G ratio of 0.93 and a beta of 0.34. AT&T Inc. has a 12-month low of $22.95 and a 12-month high of $29.79.

AT&T (NYSE:T) last announced its earnings results on Wednesday, January 28th. The technology company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.06. The company had revenue of $33.47 billion for the quarter, compared to analyst estimates of $32.91 billion. AT&T had a return on equity of 12.33% and a net margin of 17.47%.The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.43 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 10th will be paid a dividend of $0.2775 per share. The ex-dividend date is Friday, April 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.2%. AT&T’s dividend payout ratio (DPR) is 36.39%.

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.