Oppenheimer Asset Management Inc. Sells 184,272 Shares of AT&T Inc. $T

Oppenheimer Asset Management Inc. lowered its stake in AT&T Inc. (NYSE:T) by 11.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,416,909 shares of the technology company’s stock after selling 184,272 shares during the period. Oppenheimer Asset Management Inc.’s holdings in AT&T were worth $40,014,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Front Row Advisors LLC bought a new position in AT&T in the second quarter worth about $25,000. Mountain Hill Investment Partners Corp. grew its holdings in shares of AT&T by 363.7% during the 3rd 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 during the period. Solstein Capital LLC raised its position in shares of AT&T by 217.3% in the 2nd quarter. Solstein Capital LLC now owns 952 shares of the technology company’s stock worth $28,000 after acquiring an additional 652 shares in the last quarter. Curio Wealth LLC raised its position in shares of AT&T by 26,100.0% in the 2nd quarter. Curio Wealth LLC now owns 1,048 shares of the technology company’s stock worth $30,000 after acquiring an additional 1,044 shares in the last quarter. Finally, Cloud Capital Management LLC purchased a new position in shares of AT&T in the 3rd quarter valued at approximately $31,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Price Performance

T opened at $27.14 on Monday. The firm has a market cap of $192.41 billion, a PE ratio of 8.90, a P/E/G ratio of 1.01 and a beta of 0.39. The stock has a 50-day moving average price of $24.61 and a 200-day moving average price of $26.32. AT&T Inc. has a 1 year low of $22.95 and a 1 year high of $29.79. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.91 and a quick ratio of 0.86.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, January 28th. The technology company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.06. The business had revenue of $33.47 billion during the quarter, compared to analyst estimates of $32.91 billion. AT&T had a net margin of 17.47% and a return on equity of 12.33%. AT&T’s revenue was up 3.6% compared to the same quarter last year. During the same period last year, the business earned $0.43 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Sell-side analysts predict that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on T. Wolfe Research cut AT&T from an “outperform” rating to a “peer perform” rating in a research note on Monday, December 15th. Citigroup reduced their target price on shares of AT&T from $32.00 to $29.00 and set a “buy” rating on the stock in a research report on Monday, December 22nd. KeyCorp reissued an “overweight” rating on shares of AT&T in a research report on Wednesday, January 21st. Scotiabank reissued a “sector perform” rating and set a $29.50 price objective on shares of AT&T in a research note on Wednesday, January 7th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of AT&T in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, AT&T currently has a consensus rating of “Moderate Buy” and an average price target of $29.83.

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.