Inscription Capital LLC trimmed its position in shares of AT&T Inc. (NYSE:T – Free Report) by 64.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,125 shares of the technology company’s stock after selling 25,516 shares during the quarter. Inscription Capital LLC’s holdings in AT&T were worth $345,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Robinswood Financial LLC acquired a new position in AT&T in the first quarter worth approximately $29,000. Orion Capital Management LLC acquired a new stake in AT&T in the second quarter valued at approximately $26,000. Addison Advisors LLC acquired a new stake in AT&T in the second quarter valued at approximately $27,000. North Point Portfolio Managers Corp OH bought a new stake in AT&T in the third quarter worth approximately $34,000. Finally, Matrix Trust Co grew its position in AT&T by 331.8% in the second quarter. Matrix Trust Co now owns 1,494 shares of the technology company’s stock worth $31,000 after acquiring an additional 1,148 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.
AT&T Trading Down 0.1%
Shares of T stock opened at $21.61 on Monday. The firm has a market capitalization of $145.60 billion, a P/E ratio of 11.68, a price-to-earnings-growth ratio of 1.07 and a beta of 0.30. AT&T Inc. has a 1 year low of $19.89 and a 1 year high of $29.43. The firm’s fifty day simple moving average is $23.96 and its 200 day simple moving average is $24.91. The company has a current ratio of 0.87, a quick ratio of 0.82 and a debt-to-equity ratio of 1.22.
AT&T (NYSE:T – Get Free Report) last issued its quarterly earnings results on Wednesday, October 21st. The technology company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.05. AT&T had a net margin of 10.19% and a return on equity of 13.41%. The firm had revenue of $32.32 billion during the quarter, compared to the consensus estimate of $31.69 billion. During the same period in the prior year, the firm earned $0.54 EPS. The business’s revenue was up 5.2% on a year-over-year basis. As a group, sell-side analysts predict that AT&T Inc. will post 2.39 EPS for the current year.
AT&T Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, November 2nd. Stockholders of record on Monday, October 12th were issued a dividend of $0.2775 per share. The ex-dividend date was Friday, October 9th. This represents a $1.11 annualized dividend and a dividend yield of 5.1%. AT&T’s payout ratio is presently 60.00%.
More AT&T News
Here are the key news stories impacting AT&T this week:
- Positive Sentiment: AT&T and AST SpaceMobile completed what AT&T describes as the first successful handoff between a terrestrial cellular network and a direct-to-device satellite connection using standard smartphones. The technology could eventually help extend coverage beyond traditional network reach, though the reports do not indicate near-term revenue impact. Article: Is AT&T Undervalued As Its Satellite Handoff Opens A New Coverage Question?
- Neutral Sentiment: AT&T plans to move all consumer-facing customer support to U.S.-based operations by 2027 and use AI to assist agents and automate routine inquiries. The change may improve service or align with policy trends, but its cost and financial effects are not specified. Article: AT&T Sets 2027 Deadline For All U.S. Based Consumer Support
- Negative Sentiment: A Zacks analysis says AT&T shares have fallen 11.8% over the past year, lagging the wireless industry and broader market benchmarks despite fiber and wireless growth. It cites rising debt and competitive pressures as concerns that could offset the stock’s valuation appeal. Article: AT&T Stock Falls 11.8% in a Year: Should You Buy the Dip?
- Negative Sentiment: A dividend-stock comparison puts Verizon’s yield at 6.1% and AT&T’s below that, which may make AT&T less appealing to investors focused mainly on income. Separately, an article on dividend safety notes that debt refinancing at higher rates can compete with cash available for dividends; the supplied summary does not specify AT&T’s individual risk assessment. Article: Better Dividend Stock: Verizon vs. AT&T
Analysts Set New Price Targets
Several brokerages have recently commented on T. JPMorgan Chase & Co. dropped their price target on shares of AT&T from $33.00 to $31.00 and set an “overweight” rating on the stock in a research note on Thursday, October 22nd. Sanford C. Bernstein lowered shares of AT&T from an “outperform” rating to a “market perform” rating and set a $24.00 price objective for the company. in a research note on Tuesday, October 13th. TD Cowen reaffirmed a “hold” rating and issued a $33.00 price objective on shares of AT&T in a research note on Thursday, October 22nd. Arete Research decreased their price objective on shares of AT&T from $28.00 to $23.00 and set a “neutral” rating for the company in a report on Thursday, October 1st. Finally, Argus reissued a “buy” rating and set a $30.00 target price on shares of AT&T in a research report on Thursday, October 22nd. Twelve investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.56.
Check Out Our Latest Report on AT&T
AT&T Profile
AT&T Inc (NYSE: T) is a telecommunications company that provides wireless communications, broadband, and related connectivity services. Its offerings include mobile voice and data plans, internet access, fiber broadband, fixed wireless services, and business communications solutions.
The company serves consumers, businesses, government agencies, and other organizations primarily in the United States. AT&T’s business operations include wireless network services, wireline connectivity, fiber-optic internet, voice services, and networking solutions designed to connect locations, devices, and applications.
AT&T traces its history to the Bell System and has operated under its current corporate name since 2005, following the acquisition of AT&T Corp.
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