AT&T Inc. $T Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its holdings in AT&T Inc. (NYSE:T) by 4.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 835,396 shares of the technology company’s stock after selling 42,285 shares during the quarter. Mutual of America Capital Management LLC’s holdings in AT&T were worth $20,751,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of AT&T by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 664,055,700 shares of the technology company’s stock worth $16,495,144,000 after buying an additional 3,585,661 shares during the last quarter. State Street Corp raised its stake in shares of AT&T by 0.8% during the 3rd quarter. State Street Corp now owns 323,775,045 shares of the technology company’s stock worth $9,143,407,000 after buying an additional 2,704,536 shares during the last quarter. Norges Bank acquired a new position in shares of AT&T during the 4th quarter worth $2,181,977,000. Capital Research Global Investors raised its stake in shares of AT&T by 0.6% during the 3rd quarter. Capital Research Global Investors now owns 65,607,835 shares of the technology company’s stock worth $1,852,765,000 after buying an additional 370,455 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of AT&T by 8.6% during the 3rd quarter. Invesco Ltd. now owns 57,823,362 shares of the technology company’s stock worth $1,632,932,000 after buying an additional 4,584,316 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Trading Down 1.2%

Shares of T stock opened at $24.50 on Tuesday. The firm has a 50-day moving average price of $26.32 and a 200 day moving average price of $26.01. AT&T Inc. has a twelve month low of $22.95 and a twelve month high of $29.79. The company has a market capitalization of $170.22 billion, a price-to-earnings ratio of 8.22, a PEG ratio of 0.90 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 (NYSE:T) last posted its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.55 by $0.02. The company 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 firm’s revenue was up 2.9% on a year-over-year basis. 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. Research analysts forecast that AT&T Inc. will post 2.31 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Friday, April 10th were issued a $0.2775 dividend. The ex-dividend date was Friday, April 10th. This represents a $1.11 annualized dividend and a yield of 4.5%. AT&T’s payout ratio is 37.25%.

Wall Street Analyst Weigh In

T has been the subject of several research reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $31.00 price target on shares of AT&T in a research note on Wednesday, May 20th. Oppenheimer increased their target price on AT&T from $29.00 to $32.00 and gave the company an “outperform” rating in a report on Wednesday, March 11th. Weiss Ratings cut AT&T from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday. Morgan Stanley began coverage on AT&T in a report on Thursday, April 16th. They set an “overweight” rating and a $30.00 target price on the stock. Finally, BNP Paribas Exane lowered their target price on AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, AT&T presently has an average rating of “Moderate Buy” and a consensus price target of $30.55.

AT&T Company 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.