Advisors Asset Management Inc. Reduces Holdings in AT&T Inc. $T

Advisors Asset Management Inc. decreased its position in shares of AT&T Inc. (NYSE:T) by 6.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,427,754 shares of the technology company’s stock after selling 92,891 shares during the period. AT&T makes up about 0.7% of Advisors Asset Management Inc.’s investment portfolio, making the stock its 14th largest position. Advisors Asset Management Inc.’s holdings in AT&T were worth $40,320,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in T. Vanguard Group Inc. raised its position in AT&T by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 661,355,210 shares of the technology company’s stock worth $19,139,620,000 after purchasing an additional 10,310,560 shares during the period. State Street Corp grew its stake in shares of AT&T by 2.4% during the second quarter. State Street Corp now owns 321,070,509 shares of the technology company’s stock valued at $9,291,781,000 after buying an additional 7,404,376 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of AT&T by 1.2% in the second quarter. Geode Capital Management LLC now owns 172,039,872 shares of the technology company’s stock worth $4,958,066,000 after buying an additional 2,066,026 shares during the period. Norges Bank purchased a new stake in shares of AT&T in the second quarter worth approximately $2,228,655,000. Finally, Ameriprise Financial Inc. lifted its stake in shares of AT&T by 8.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 55,247,484 shares of the technology company’s stock worth $1,598,697,000 after acquiring an additional 4,404,688 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Trading Up 1.1%

Shares of NYSE T opened at $27.41 on Wednesday. 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 stock has a market capitalization of $194.32 billion, a P/E ratio of 8.99, a price-to-earnings-growth ratio of 1.01 and a beta of 0.39. AT&T Inc. has a 1-year low of $22.95 and a 1-year high of $29.79. The business has a fifty day moving average price of $24.68 and a 200 day moving average price of $26.31.

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

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Monday, January 12th were issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Monday, January 12th. AT&T’s payout ratio is currently 36.39%.

Wall Street Analyst Weigh In

Several brokerages have commented on T. Morgan Stanley cut their price objective on AT&T from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 10th. Scotiabank restated a “sector perform” rating and issued a $29.50 price target on shares of AT&T in a report on Wednesday, January 7th. Barclays decreased their price objective on shares of AT&T from $28.00 to $26.00 and set an “equal weight” rating for the company in a report on Tuesday, January 13th. Weiss Ratings restated a “buy (b-)” rating on shares of AT&T in a research note on Monday, December 29th. Finally, The Goldman Sachs Group decreased their price target on shares of AT&T from $33.00 to $29.00 and set a “buy” rating for the company in a research note on Friday, December 19th. One equities research 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.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.83.

AT&T 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.