Cullen Capital Management LLC Has $164.38 Million Stock Position in AT&T Inc. $T

Cullen Capital Management LLC lowered its holdings in shares of AT&T Inc. (NYSE:TFree Report) by 26.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 5,820,629 shares of the technology company’s stock after selling 2,123,813 shares during the period. AT&T comprises 1.8% of Cullen Capital Management LLC’s holdings, making the stock its 25th largest holding. Cullen Capital Management LLC owned about 0.08% of AT&T worth $164,375,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Denali Advisors LLC grew its holdings in AT&T by 5.9% in the second quarter. Denali Advisors LLC now owns 401,037 shares of the technology company’s stock worth $11,606,000 after purchasing an additional 22,394 shares during the period. Csenge Advisory Group raised its holdings in shares of AT&T by 20.3% during the third quarter. Csenge Advisory Group now owns 189,293 shares of the technology company’s stock valued at $5,346,000 after purchasing an additional 31,935 shares during the period. Tredje AP fonden boosted its position in shares of AT&T by 1.8% during the 2nd quarter. Tredje AP fonden now owns 1,221,395 shares of the technology company’s stock worth $35,347,000 after purchasing an additional 21,720 shares in the last quarter. Sentry Investment Management LLC grew its stake in shares of AT&T by 153.2% in the 2nd quarter. Sentry Investment Management LLC now owns 22,095 shares of the technology company’s stock valued at $625,000 after buying an additional 13,370 shares during the period. Finally, Vise Technologies Inc. bought a new stake in AT&T in the 2nd quarter valued at about $6,221,000. Institutional investors own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. KeyCorp reiterated an “overweight” rating on shares of AT&T in a report on Wednesday, January 21st. Loop Capital set a $29.00 target price on AT&T in a report on Friday, December 19th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $33.00 price target on shares of AT&T in a research note on Thursday, January 29th. Royal Bank Of Canada dropped their price objective on shares of AT&T from $31.00 to $30.00 and set an “outperform” rating on the stock in a research note on Thursday, October 23rd. Finally, Wall Street Zen cut shares of AT&T from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $29.83.

Read Our Latest Report on T

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AT&T Stock Performance

Shares of T stock opened at $27.22 on Thursday. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.91 and a quick ratio of 0.86. The firm has a 50-day moving average of $24.56 and a 200-day moving average of $26.33. AT&T Inc. has a one year low of $22.95 and a one year high of $29.79. The company has a market cap of $192.97 billion, a P/E ratio of 8.92, a P/E/G ratio of 1.00 and a beta of 0.39.

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

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 2nd. Investors of record on Monday, January 12th were given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, January 12th. AT&T’s dividend payout ratio (DPR) is presently 36.39%.

AT&T 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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Institutional Ownership by Quarter for AT&T (NYSE:T)

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