AT&T Inc. $T Stock Holdings Trimmed by LSV Asset Management

LSV Asset Management trimmed its holdings in shares of AT&T Inc. (NYSE:TFree Report) by 2.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,408,426 shares of the technology company’s stock after selling 492,236 shares during the quarter. AT&T accounts for about 1.2% of LSV Asset Management’s portfolio, making the stock its 8th largest position. LSV Asset Management’s holdings in AT&T were worth $556,625,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Principle Wealth Partners LLC grew its stake in AT&T by 7.0% during the 4th quarter. Principle Wealth Partners LLC now owns 36,639 shares of the technology company’s stock worth $910,000 after buying an additional 2,385 shares during the last quarter. Keudell Morrison Wealth Management purchased a new position in AT&T during the 4th quarter worth $1,600,000. Ignite Planners LLC grew its stake in AT&T by 1.9% during the 4th quarter. Ignite Planners LLC now owns 67,133 shares of the technology company’s stock worth $1,760,000 after buying an additional 1,277 shares during the last quarter. Axxcess Wealth Management LLC grew its stake in AT&T by 325.5% during the 4th quarter. Axxcess Wealth Management LLC now owns 642,029 shares of the technology company’s stock worth $15,948,000 after buying an additional 491,127 shares during the last quarter. Finally, Texas Bank & Trust Co grew its stake in AT&T by 4.3% during the 4th quarter. Texas Bank & Trust Co now owns 71,891 shares of the technology company’s stock worth $1,786,000 after buying an additional 2,957 shares during the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Williams Trading set a $32.00 target price on AT&T in a research note on Thursday, January 29th. TD Cowen reiterated a “hold” rating on shares of AT&T in a research note on Thursday, January 29th. Arete Research upgraded AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price target on the stock in a research note on Tuesday, March 10th. Oppenheimer boosted their price target on AT&T from $29.00 to $32.00 and gave the company an “outperform” rating in a research note on Wednesday, March 11th. Finally, KeyCorp boosted their price target on AT&T from $30.00 to $36.00 and gave the company an “overweight” rating in a research note on Wednesday, March 25th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.55.

Read Our Latest Analysis on AT&T

More AT&T News

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AT&T Stock Down 0.2%

AT&T stock opened at $25.29 on Friday. 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 business’s 50-day simple moving average is $26.65 and its two-hundred day simple moving average is $26.00. The company has a market cap of $175.74 billion, a PE ratio of 8.49, a PEG ratio of 0.92 and a beta of 0.23. AT&T Inc. has a fifty-two week low of $22.95 and a fifty-two week high of $29.79.

AT&T (NYSE:TGet Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share for the quarter, beating the consensus estimate 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%.The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.51 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities analysts anticipate that AT&T Inc. will post 2.31 EPS for the current year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Friday, April 10th were issued 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 payout ratio is 37.25%.

AT&T Profile

(Free Report)

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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Institutional Ownership by Quarter for AT&T (NYSE:T)

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