Callahan Advisors LLC lowered its stake in AT&T Inc. (NYSE:T – Free Report) by 24.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 186,237 shares of the technology company’s stock after selling 58,974 shares during the quarter. Callahan Advisors LLC’s holdings in AT&T were worth $4,626,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in T. GGM Financials LLC acquired a new position in shares of AT&T in the 3rd quarter valued at $25,000. Rachor Investment Advisory Services LLC acquired a new position in shares of AT&T in the 4th quarter valued at $25,000. Cresta Advisors Ltd. acquired a new position in shares of AT&T in the 4th quarter valued at $26,000. OFI Invest Asset Management lifted its stake in shares of 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 valued at $27,000 after purchasing an additional 496,804 shares during the period. Finally, Eagle Bay Advisors LLC acquired a new position in shares of AT&T in the 4th quarter valued at $29,000. Institutional investors and hedge funds own 57.10% of the company’s stock.
More AT&T News
Here are the key news stories impacting AT&T this week:
- Positive Sentiment: AT&T unveiled a large $19 billion California network investment plan, signaling long-term growth in fiber and wireless services and reinforcing its infrastructure upgrade strategy. AT&T Makes $19 Billion Commitment to Bring High-Speed Connectivity to California
- Positive Sentiment: Royal Bank of Canada reaffirmed its outperform rating and kept a $31 price target, suggesting meaningful upside from recent trading levels. AT&T rating reaffirmed by RBC
- Positive Sentiment: AT&T Fiber was ranked #1 in customer satisfaction for the fourth straight year, which may support subscriber growth and lower churn. Four Years at #1: AT&T Fiber Customers Are the Happiest
Analysts Set New Price Targets
Check Out Our Latest Analysis on AT&T
AT&T Price Performance
T stock opened at $24.93 on Thursday. The stock has a 50-day moving average price of $26.73 and a two-hundred day moving average price of $26.00. The stock has a market cap of $173.19 billion, a PE ratio of 8.36, a price-to-earnings-growth ratio of 0.92 and a beta of 0.23. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 1.05. AT&T Inc. has a 1 year low of $22.95 and a 1 year high of $29.79.
AT&T (NYSE:T – Get Free Report) last released its earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. The firm had revenue of $31.51 billion during the quarter, compared to analysts’ expectations of $31.29 billion. AT&T had a return on equity of 12.49% and a net margin of 16.94%.The company’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities analysts forecast that AT&T Inc. will post 2.31 EPS for the current fiscal year.
AT&T Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, May 1st. Shareholders 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 yield of 4.5%. The ex-dividend date was Friday, April 10th. AT&T’s dividend payout ratio is 37.25%.
About AT&T
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.
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