Pictet Asset Management Holding SA Reduces Stock Holdings in AT&T Inc. $T

Pictet Asset Management Holding SA lessened its position in shares of AT&T Inc. (NYSE:T) by 6.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,135,035 shares of the technology company’s stock after selling 200,125 shares during the quarter. Pictet Asset Management Holding SA’s holdings in AT&T were worth $90,885,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Safe Harbor Fiduciary LLC acquired a new position in shares of AT&T during the 4th quarter worth approximately $25,000. Rachor Investment Advisory Services LLC acquired a new stake in AT&T during the 4th quarter valued at $25,000. Cresta Advisors Ltd. acquired a new stake in AT&T during the 4th quarter valued at $26,000. Blueline Advisors LLC purchased a new position in AT&T during the fourth quarter worth $26,000. Finally, Winnow Wealth LLC increased its position in AT&T by 362.8% during the fourth quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company’s stock worth $26,000 after buying an additional 820 shares in the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Trading Down 4.0%

Shares of AT&T stock opened at $21.82 on Tuesday. AT&T Inc. has a fifty-two week low of $21.28 and a fifty-two week high of $29.79. The firm has a market cap of $151.58 billion, a PE ratio of 7.32, a P/E/G ratio of 0.92 and a beta of 0.21. The business’s fifty day moving average is $24.33 and its two-hundred day moving average is $25.63. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 1.05.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.02. The business had revenue of $31.51 billion for 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 business’s revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.51 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Analysts anticipate that AT&T Inc. will post 2.31 earnings per share for the current year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 10th will be paid a dividend of $0.2775 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.1%. AT&T’s dividend payout ratio is currently 37.25%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on T shares. Royal Bank Of Canada reissued an “outperform” rating and issued a $31.00 price target on shares of AT&T in a report on Wednesday, May 20th. KeyCorp lifted their price objective on AT&T from $30.00 to $36.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 25th. Arete Research raised shares of AT&T from a “sell” rating to a “neutral” rating and set a $28.00 target price for the company in a research note on Tuesday, March 10th. Scotiabank reduced their target price on shares of AT&T from $31.50 to $31.00 and set a “sector perform” rating on the stock in a report on Thursday, April 23rd. Finally, Oppenheimer cut shares of AT&T from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $30.55.

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.