Vanguard Personalized Indexing Management LLC Trims Stock Holdings in AT&T Inc. $T

by · The Cerbat Gem

Vanguard Personalized Indexing Management LLC lowered its stake in AT&T Inc. (NYSE:T – Free Report) by 6.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 907,241 shares of the technology company’s stock after selling 61,269 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in AT&T were worth $22,536,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of T. Brighton Jones LLC lifted its holdings in shares of AT&T by 26.5% in the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock worth $1,106,000 after acquiring an additional 10,188 shares during the last quarter. Osterweis Capital Management Inc. boosted its position in shares of AT&T by 4,352.9% during the 2nd quarter. Osterweis Capital Management Inc. now owns 6,234 shares of the technology company’s stock worth $180,000 after purchasing an additional 6,094 shares during the period. Main Street Financial Solutions LLC increased its holdings in AT&T by 4.0% in the 2nd quarter. Main Street Financial Solutions LLC now owns 26,796 shares of the technology company’s stock valued at $775,000 after purchasing an additional 1,022 shares during the last quarter. HUB Investment Partners LLC raised its position in AT&T by 19.6% in the second quarter. HUB Investment Partners LLC now owns 55,730 shares of the technology company’s stock valued at $1,613,000 after purchasing an additional 9,115 shares during the period. Finally, Peapack Gladstone Financial Corp raised its position in AT&T by 1.8% in the second quarter. Peapack Gladstone Financial Corp now owns 207,063 shares of the technology company’s stock valued at $5,992,000 after purchasing an additional 3,677 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

Shares of T stock opened at $23.54 on Monday. 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 Inc. has a 52 week low of $22.32 and a 52 week high of $29.79. The stock has a market capitalization of $163.56 billion, a PE ratio of 7.90, a P/E/G ratio of 0.98 and a beta of 0.21. The firm has a 50 day moving average of $25.32 and a two-hundred day moving average of $25.86.

AT&T (NYSE:T – Get Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The technology company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. The business had revenue of $31.51 billion for the quarter, compared to analyst estimates of $31.29 billion. AT&T had a return on equity of 12.49% and a net margin of 16.94%.The company’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, research analysts predict that AT&T Inc. will post 2.31 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Friday, April 10th were issued a dividend of $0.2775 per share. The ex-dividend date was Friday, April 10th. This represents a $1.11 annualized dividend and a yield of 4.7%. AT&T’s dividend payout ratio is 37.25%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. KeyCorp upped their price target on AT&T from $30.00 to $36.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 25th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $31.00 price objective on shares of AT&T in a report on Wednesday, May 20th. Wall Street Zen lowered AT&T from a “hold” rating to a “sell” rating in a research note on Saturday, May 30th. Arete Research upgraded AT&T from a “sell” rating to a “neutral” rating and set a $28.00 target price for the company in a report on Tuesday, March 10th. Finally, Morgan Stanley began coverage on AT&T in a research report on Thursday, April 16th. They issued an “overweight” rating and a $30.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $30.55.

Check Out Our Latest Research Report on AT&T

AT&T Company 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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