AT&T (NYSE:T) Stock Price Down 4% – What’s Next?

Shares of AT&T Inc. (NYSE:T) fell 4% during mid-day trading on Monday . The company traded as low as $21.28 and last traded at $21.8150. Approximately 84,752,157 shares traded hands during mid-day trading, an increase of 89% from the average daily volume of 44,773,531 shares. The stock had previously closed at $22.72.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on T shares. KeyCorp lifted their target price on AT&T from $30.00 to $36.00 and gave the company an “overweight” rating in a research note on Wednesday, March 25th. Royal Bank Of Canada reissued an “outperform” rating and set a $31.00 price target on shares of AT&T in a report on Wednesday, May 20th. BNP Paribas Exane cut their price objective 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 upped their price objective on shares of AT&T from $29.00 to $31.50 and gave the stock a “buy” rating in a report on Monday, March 23rd. Finally, Weiss Ratings lowered shares of AT&T from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $30.55.

AT&T Stock Down 4.0%

The firm has a market cap of $151.58 billion, a price-to-earnings ratio of 7.32, a price-to-earnings-growth ratio of 0.92 and a beta of 0.21. The stock’s 50 day moving average is $24.42 and its 200 day moving average is $25.65. 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 (NYSE:T) last released its earnings results 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 firm had revenue of $31.51 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 2.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.51 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Analysts forecast that AT&T Inc. will post 2.31 EPS for the current year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 10th will be issued a $0.2775 dividend. The ex-dividend date is Friday, July 10th. This represents a $1.11 annualized dividend and a dividend yield of 5.1%. AT&T’s dividend payout ratio is 37.25%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position 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 valued at $16,495,144,000 after purchasing an additional 3,585,661 shares in the last quarter. State Street Corp raised its holdings in shares of AT&T by 2.6% in the 4th quarter. State Street Corp now owns 332,089,723 shares of the technology company’s stock worth $8,249,109,000 after purchasing an additional 8,314,678 shares in the last quarter. Bank of America Corp DE lifted its stake in AT&T by 4.6% during the first quarter. Bank of America Corp DE now owns 125,191,700 shares of the technology company’s stock valued at $3,629,307,000 after purchasing an additional 5,449,222 shares during the last quarter. Norges Bank acquired a new stake in AT&T during the fourth quarter valued at approximately $2,181,977,000. Finally, Bank of New York Mellon Corp lifted its stake in AT&T by 12.7% during the first quarter. Bank of New York Mellon Corp now owns 72,764,509 shares of the technology company’s stock valued at $2,109,443,000 after purchasing an additional 8,197,935 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

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.