Douglas Lane & Associates LLC Has $881,000 Stock Position in AT&T Inc. $T

Douglas Lane & Associates LLC reduced its stake in AT&T Inc. (NYSE:T) by 50.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,485 shares of the technology company’s stock after selling 36,728 shares during the quarter. Douglas Lane & Associates LLC’s holdings in AT&T were worth $881,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Brighton Jones LLC boosted its position in shares of AT&T by 26.5% during the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock valued at $1,106,000 after purchasing an additional 10,188 shares in the last quarter. Investment House LLC boosted its position in shares of AT&T by 1.7% during the 2nd quarter. Investment House LLC now owns 61,444 shares of the technology company’s stock valued at $1,778,000 after purchasing an additional 1,000 shares in the last quarter. FAS Wealth Partners Inc. boosted its position in shares of AT&T by 2.4% during the 2nd quarter. FAS Wealth Partners Inc. now owns 33,726 shares of the technology company’s stock valued at $976,000 after purchasing an additional 781 shares in the last quarter. Glenview Trust co boosted its position in shares of AT&T by 32.3% during the 2nd quarter. Glenview Trust co now owns 128,730 shares of the technology company’s stock valued at $3,725,000 after purchasing an additional 31,409 shares in the last quarter. Finally, Osterweis Capital Management Inc. boosted its position in shares of AT&T by 4,352.9% during the 2nd quarter. Osterweis Capital Management Inc. now owns 6,234 shares of the technology company’s stock valued at $180,000 after purchasing an additional 6,094 shares in the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Stock Down 1.4%

Shares of NYSE:T opened at $26.47 on Friday. The business’s 50 day simple moving average is $28.01 and its two-hundred day simple moving average is $26.17. The firm has a market cap of $184.88 billion, a P/E ratio of 8.68, a PEG ratio of 1.01 and a beta of 0.34. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.86 and a current ratio of 0.91. AT&T Inc. has a 52-week low of $22.95 and a 52-week high of $29.79.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, January 28th. The technology company reported $0.52 earnings per share (EPS) 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 analyst estimates of $32.91 billion. AT&T had a return on equity of 12.33% and a net margin of 17.47%.The company’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.43 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, research analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 10th will be issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Friday, April 10th. AT&T’s dividend payout ratio (DPR) is currently 36.39%.

Wall Street Analyst Weigh In

T has been the topic of several research analyst reports. Barclays cut their target price on AT&T from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 13th. Weiss Ratings restated a “buy (b-)” rating on shares of AT&T in a research report on Monday, December 29th. The Goldman Sachs Group cut their target price on AT&T from $33.00 to $29.00 and set a “buy” rating on the stock in a research report on Friday, December 19th. Oppenheimer increased their price target on AT&T from $29.00 to $32.00 and gave the stock an “outperform” rating in a report on Wednesday, March 11th. Finally, Citigroup increased their price target on AT&T from $29.00 to $31.50 and gave the stock a “buy” rating in a report on Monday, March 23rd. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, AT&T currently has an average rating of “Moderate Buy” and a consensus target price of $30.74.

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.