Knights of Columbus Asset Advisors LLC reduced its position in AT&T Inc. (NYSE:T – Free Report) by 29.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 473,970 shares of the technology company’s stock after selling 198,010 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in AT&T were worth $11,773,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in T. GGM Financials LLC acquired a new stake in shares of AT&T in the 3rd quarter valued at $25,000. Rachor Investment Advisory Services LLC bought a new position in AT&T during the fourth quarter worth about $25,000. Cresta Advisors Ltd. bought a new position in AT&T during the fourth quarter worth about $26,000. OFI Invest Asset Management lifted its holdings in AT&T by 84.2% during the fourth quarter. OFI Invest Asset Management now owns 1,087,055 shares of the technology company’s stock worth $27,000 after acquiring an additional 496,804 shares in the last quarter. Finally, Eagle Bay Advisors LLC bought a new position in AT&T during the fourth quarter worth about $29,000. 57.10% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research firms have weighed in on T. TD Cowen reiterated a “hold” rating on shares of AT&T in a report on Thursday, January 29th. UBS Group restated a “buy” rating on shares of AT&T in a report on Thursday, January 29th. Williams Trading set a $32.00 price target on AT&T in a report on Thursday, January 29th. Morgan Stanley began coverage on AT&T in a report on Thursday, April 16th. They issued an “overweight” rating and a $30.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $33.00 price target on shares of AT&T in a report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.55.
AT&T Price Performance
NYSE:T opened at $25.06 on Wednesday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.87 and a current ratio of 0.92. The stock’s 50-day simple moving average is $26.56 and its 200 day simple moving average is $26.02. The company has a market cap of $174.13 billion, a P/E ratio of 8.41, a P/E/G ratio of 0.92 and a beta of 0.23. AT&T Inc. has a 52-week low of $22.95 and a 52-week 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, beating analysts’ consensus estimates of $0.55 by $0.02. The business had revenue of $31.51 billion for the quarter, compared to the consensus estimate of $31.29 billion. AT&T had a return on equity of 12.49% and a net margin of 16.94%.AT&T’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.51 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, sell-side analysts forecast that AT&T Inc. will post 2.31 EPS for the current fiscal year.
AT&T Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Friday, April 10th were given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Friday, April 10th. AT&T’s payout ratio is 37.25%.
AT&T 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.
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