Midwest Trust Co Cuts Stock Holdings in AT&T Inc. $T

Midwest Trust Co lowered its position in AT&T Inc. (NYSE:T) by 21.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 81,106 shares of the technology company’s stock after selling 21,550 shares during the period. Midwest Trust Co’s holdings in AT&T were worth $1,679,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. LFG Wealth Partners LLC raised its position in AT&T by 28.0% during the second quarter. LFG Wealth Partners LLC now owns 67,806 shares of the technology company’s stock worth $1,404,000 after acquiring an additional 14,847 shares during the period. 111 Capital acquired a new position in shares of AT&T during the 2nd quarter worth approximately $1,730,000. Rollins Financial Advisors LLC boosted its stake in AT&T by 29.9% during the second quarter. Rollins Financial Advisors LLC now owns 42,406 shares of the technology company’s stock worth $878,000 after buying an additional 9,773 shares during the last quarter. Golden Reserve Retirement LLC boosted its position in shares of AT&T by 148.8% during the 2nd quarter. Golden Reserve Retirement LLC now owns 22,456 shares of the technology company’s stock valued at $465,000 after acquiring an additional 13,431 shares during the last quarter. Finally, 71 West Capital Partners grew its stake in shares of AT&T by 5.8% in the 2nd quarter. 71 West Capital Partners now owns 504,318 shares of the technology company’s stock valued at $10,439,000 after buying an additional 27,542 shares during the period. 57.10% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on T. BNP Paribas Exane cut their price objective on AT&T from $28.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. Scotiabank dropped their price target on shares of AT&T from $31.00 to $29.25 and set a “sector perform” rating for the company in a research note on Wednesday, July 15th. Oppenheimer lowered shares of AT&T from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 3rd. Sanford C. Bernstein reissued an “outperform” rating and issued a $25.00 target price on shares of AT&T in a report on Monday, July 13th. Finally, TD Cowen increased their price target on shares of AT&T from $32.00 to $33.00 and gave the company a “hold” rating in a research note on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $29.19.

AT&T Stock Performance

Shares of T stock opened at $25.17 on Thursday. AT&T Inc. has a 52-week low of $19.89 and a 52-week high of $29.79. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 1.06. The stock’s 50-day moving average price is $22.75 and its 200 day moving average price is $25.28. The stock has a market capitalization of $172.45 billion, a PE ratio of 8.33, a price-to-earnings-growth ratio of 1.01 and a beta of 0.23.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.06. The firm had revenue of $31.56 billion during the quarter, compared to the consensus estimate of $31.80 billion. AT&T had a return on equity of 12.86% and a net margin of 16.94%.The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period last year, the company earned $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, equities research analysts forecast that AT&T Inc. will post 2.34 EPS for the current year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Friday, July 10th. AT&T’s dividend payout ratio is 36.75%.

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.