Cornerstone Advisors LLC Decreases Stock Holdings in AT&T Inc. $T

Cornerstone Advisors LLC lessened its stake in AT&T Inc. (NYSE:T) by 49.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 27,800 shares of the technology company’s stock after selling 27,500 shares during the quarter. Cornerstone Advisors LLC’s holdings in AT&T were worth $785,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in T. Front Row Advisors LLC acquired a new position in shares of AT&T during the 2nd quarter worth about $25,000. Mountain Hill Investment Partners Corp. boosted its holdings in AT&T by 363.7% in the 3rd quarter. Mountain Hill Investment Partners Corp. now owns 895 shares of the technology company’s stock worth $25,000 after buying an additional 702 shares during the last quarter. Solstein Capital LLC increased its stake in AT&T by 217.3% during the 2nd quarter. Solstein Capital LLC now owns 952 shares of the technology company’s stock worth $28,000 after buying an additional 652 shares in the last quarter. Curio Wealth LLC increased its stake in AT&T by 26,100.0% during the 2nd quarter. Curio Wealth LLC now owns 1,048 shares of the technology company’s stock worth $30,000 after buying an additional 1,044 shares in the last quarter. Finally, Cloud Capital Management LLC acquired a new position in shares of AT&T during the third quarter valued at approximately $31,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on T. Scotiabank reaffirmed a “sector perform” rating and issued a $29.50 price target on shares of AT&T in a research note on Wednesday, January 7th. UBS Group reaffirmed a “buy” rating on shares of AT&T in a research note on Thursday, January 29th. Barclays reduced their target price on shares of AT&T from $28.00 to $26.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $33.00 price target on shares of AT&T in a research note on Thursday, January 29th. Finally, Arete Research set a $20.00 price objective on shares of AT&T in a research note on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $29.93.

AT&T Stock Performance

NYSE:T opened at $27.85 on Friday. The company’s 50-day moving average is $25.18 and its two-hundred day moving average is $26.37. The firm has a market capitalization of $194.95 billion, a price-to-earnings ratio of 9.13, a PEG ratio of 1.03 and a beta of 0.39. 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 Inc. has a 1-year low of $22.95 and a 1-year high of $29.79.

AT&T (NYSE:T) last issued its quarterly earnings data 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. AT&T had a return on equity of 12.33% and a net margin of 17.47%.The company had revenue of $33.47 billion during the quarter, compared to analyst estimates of $32.91 billion. During the same period in the prior year, the business posted $0.43 earnings per share. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The business 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 annualized dividend and a yield of 4.0%. The ex-dividend date was Monday, January 12th. AT&T’s payout ratio is 36.39%.

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.