AT&T Inc. $T Shares Sold by Macquarie Group Ltd.

Macquarie Group Ltd. trimmed its holdings in AT&T Inc. (NYSE:T) by 52.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,046,870 shares of the technology company’s stock after selling 5,463,186 shares during the period. Macquarie Group Ltd.’s holdings in AT&T were worth $125,136,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. GGM Financials LLC acquired a new stake in AT&T in the 3rd quarter valued at about $25,000. Rachor Investment Advisory Services LLC acquired a new stake in AT&T in the 4th quarter valued at about $25,000. Cresta Advisors Ltd. acquired a new stake in AT&T in the 4th quarter valued at about $26,000. Blueline Advisors LLC acquired a new stake in shares of AT&T during the 4th quarter worth about $26,000. Finally, Winnow Wealth LLC boosted its stake in shares of AT&T by 362.8% during the 4th quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company’s stock worth $26,000 after purchasing an additional 820 shares during the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Price Performance

AT&T stock opened at $23.54 on Friday. AT&T Inc. has a 12-month low of $22.32 and a 12-month high of $29.79. The stock has a market capitalization of $163.56 billion, a P/E ratio of 7.90, a P/E/G ratio of 0.96 and a beta of 0.21. The firm’s 50-day moving average is $25.32 and its two-hundred day moving average is $25.86. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.92 and a quick ratio of 0.87.

AT&T (NYSE:T) last released its quarterly earnings results 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. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The company had revenue of $31.51 billion for the quarter, compared to analysts’ expectations of $31.29 billion. During the same period last year, the company earned $0.51 EPS. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities analysts predict that AT&T Inc. will post 2.31 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Friday, April 10th were given a $0.2775 dividend. The ex-dividend date of this dividend was Friday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.7%. AT&T’s dividend payout ratio (DPR) is currently 37.25%.

Analyst Ratings Changes

T has been the topic of several analyst reports. BNP Paribas Exane decreased their price target on shares of AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. Citigroup raised their price target on shares of AT&T from $29.00 to $31.50 and gave the stock a “buy” rating in a research note on Monday, March 23rd. Arete Research raised shares of 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. 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. Finally, Weiss Ratings cut shares of AT&T from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, AT&T currently has an average rating of “Moderate Buy” and an average price target of $30.55.

About AT&T

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.