Quintet Private Bank Europe S.A. Trims Stock Holdings in AT&T Inc. $T

by · The Markets Daily

Quintet Private Bank Europe S.A. lowered its holdings in AT&T Inc. (NYSE:TFree Report) by 7.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 864,622 shares of the technology company’s stock after selling 68,074 shares during the quarter. AT&T makes up approximately 1.2% of Quintet Private Bank Europe S.A.’s investment portfolio, making the stock its 25th largest holding. Quintet Private Bank Europe S.A.’s holdings in AT&T were worth $21,477,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of T. Front Row Advisors LLC purchased a new position in AT&T in the 2nd quarter valued at approximately $25,000. Mountain Hill Investment Partners Corp. lifted its position in shares of AT&T by 363.7% during the third quarter. Mountain Hill Investment Partners Corp. now owns 895 shares of the technology company’s stock worth $25,000 after acquiring an additional 702 shares in the last quarter. GGM Financials LLC bought a new position in shares of AT&T in the third quarter worth $25,000. Cloud Capital Management LLC bought a new position in shares of AT&T in the third quarter worth $31,000. Finally, Howard Hughes Medical Institute purchased a new position in shares of AT&T in the second quarter valued at $45,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on T shares. Citigroup boosted their price objective on AT&T from $29.00 to $31.50 and gave the company a “buy” rating in a research note on Monday, March 23rd. Oppenheimer lifted 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. 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 report on Tuesday, March 10th. UBS Group reissued a “buy” rating on shares of AT&T in a report on Thursday, January 29th. Finally, Morgan Stanley cut their price objective on shares of AT&T from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Wednesday, December 10th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, AT&T presently has an average rating of “Moderate Buy” and an average price target of $30.74.

View Our Latest Report on T

AT&T Trading Down 0.1%

Shares of T stock opened at $28.31 on Friday. The company has a market capitalization of $197.72 billion, a PE ratio of 9.28, a price-to-earnings-growth ratio of 1.06 and a beta of 0.34. AT&T Inc. has a 52-week low of $22.95 and a 52-week high of $29.79. The business’s fifty day moving average is $27.71 and its 200 day moving average is $26.23. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.86 and a current ratio of 0.91.

AT&T (NYSE:TGet Free Report) last posted its earnings results on Wednesday, January 28th. The technology company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.46 by $0.06. The business had revenue of $33.47 billion during the quarter, compared to analysts’ expectations of $32.91 billion. AT&T had a return on equity of 12.33% and a net margin of 17.47%.The firm’s revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.43 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, equities research analysts anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 10th will be issued a dividend of $0.2775 per share. The ex-dividend date of this dividend is Friday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 3.9%. AT&T’s payout ratio is presently 36.39%.

Key Headlines Impacting AT&T

Here are the key news stories impacting AT&T this week:

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.

Further Reading

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