Knights of Columbus Asset Advisors LLC Sells 198,010 Shares of AT&T Inc. $T

Knights of Columbus Asset Advisors LLC lessened its stake in shares of AT&T Inc. (NYSE:T) by 29.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 473,970 shares of the technology company’s stock after selling 198,010 shares during the quarter. 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 have also modified their holdings of T. Amundi lifted its position in shares of AT&T by 67.5% during the 3rd quarter. Amundi now owns 42,295,492 shares of the technology company’s stock worth $1,094,184,000 after buying an additional 17,040,328 shares during the period. Woodline Partners LP lifted its position in shares of AT&T by 931.4% during the 3rd quarter. Woodline Partners LP now owns 8,027,708 shares of the technology company’s stock worth $226,702,000 after buying an additional 7,249,373 shares during the period. PFA Pension Forsikringsaktieselskab bought a new position in shares of AT&T during the 4th quarter worth approximately $126,050,000. SG Americas Securities LLC lifted its position in shares of AT&T by 222.7% during the 4th quarter. SG Americas Securities LLC now owns 6,846,868 shares of the technology company’s stock worth $170,076,000 after buying an additional 4,725,382 shares during the period. Finally, California Public Employees Retirement System lifted its position in shares of AT&T by 23.2% during the 3rd quarter. California Public Employees Retirement System now owns 24,472,780 shares of the technology company’s stock worth $691,111,000 after buying an additional 4,613,259 shares during the period. Institutional investors own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

T has been the subject of several analyst reports. Royal Bank Of Canada restated an “outperform” rating and set a $31.00 target price on shares of AT&T in a research report on Wednesday, May 20th. TD Cowen reaffirmed a “hold” 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. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $33.00 price target on shares of AT&T in a report on Thursday, January 29th. Finally, Arete Research raised AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price target for the company in a report on Tuesday, March 10th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $30.55.

AT&T Trading Down 0.8%

T stock opened at $25.06 on Wednesday. The business has a fifty day moving average price of $26.56 and a 200 day moving average price of $26.02. AT&T Inc. has a fifty-two week low of $22.95 and a fifty-two week high of $29.79. The stock has a market capitalization of $174.13 billion, a price-to-earnings ratio of 8.41, a P/E/G ratio of 0.92 and a beta of 0.23. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.92 and a quick ratio of 0.87.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. AT&T had a return on equity of 12.49% and a net margin of 16.94%.The firm had revenue of $31.51 billion during the quarter, compared to analysts’ expectations of $31.29 billion. During the same period last year, the firm posted $0.51 EPS. The business’s revenue was up 2.9% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Analysts expect that AT&T Inc. will post 2.31 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Friday, April 10th were paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend was Friday, April 10th. AT&T’s dividend payout ratio (DPR) 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.