Oppenheimer & Co. Inc. Trims Stock Holdings in AT&T Inc. $T

Oppenheimer & Co. Inc. lessened its position in shares of AT&T Inc. (NYSE:T) by 12.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 762,849 shares of the technology company’s stock after selling 109,456 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in AT&T were worth $21,543,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Front Row Advisors LLC acquired a new position in AT&T during the second quarter valued at $25,000. Mountain Hill Investment Partners Corp. grew its position in 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 purchasing an additional 702 shares during the period. Solstein Capital LLC raised its stake in shares of AT&T by 217.3% during the 2nd quarter. Solstein Capital LLC now owns 952 shares of the technology company’s stock valued at $28,000 after buying an additional 652 shares during the last quarter. Curio Wealth LLC lifted its holdings 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 valued at $30,000 after buying an additional 1,044 shares during the period. Finally, Legacy Investment Solutions LLC acquired a new position in shares of AT&T in the 2nd quarter valued at about $32,000. 57.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on the company. Wolfe Research lowered AT&T from an “outperform” rating to a “peer perform” rating in a report on Monday, December 15th. Citigroup dropped their price objective on shares of AT&T from $32.00 to $29.00 and set a “buy” rating on the stock in a research note on Monday, December 22nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of AT&T in a report on Monday, December 29th. Williams Trading set a $32.00 target price on shares of AT&T in a research note on Thursday, January 29th. Finally, KeyCorp reissued an “overweight” rating on shares of AT&T in a report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, AT&T presently has an average rating of “Moderate Buy” and a consensus target price of $29.83.

AT&T Stock Performance

NYSE:T opened at $27.14 on Monday. The company has a market cap of $192.41 billion, a P/E ratio of 8.90, a P/E/G ratio of 1.01 and a beta of 0.39. AT&T Inc. has a twelve month low of $22.95 and a twelve month high of $29.79. The company’s 50-day moving average price is $24.61 and its 200-day moving average price is $26.32. The company has a current ratio of 0.91, a quick ratio of 0.86 and a debt-to-equity ratio of 1.00.

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

AT&T Announces Dividend

The business also recently disclosed 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. The ex-dividend date was Monday, January 12th. This represents a $1.11 dividend on an annualized basis and a yield of 4.1%. AT&T’s dividend payout ratio (DPR) is presently 36.39%.

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.