Wesbanco Bank Inc. Has $5.54 Million Stock Holdings in AT&T Inc. $T

Wesbanco Bank Inc. lessened its position in AT&T Inc. (NYSE:T) by 22.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 196,064 shares of the technology company’s stock after selling 57,080 shares during the period. Wesbanco Bank Inc.’s holdings in AT&T were worth $5,537,000 at the end of the most recent quarter.

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

AT&T Stock Performance

NYSE T opened at $27.09 on Tuesday. The company has a market cap of $192.05 billion, a P/E ratio of 8.88, a PEG ratio of 1.01 and a beta of 0.39. The company has a fifty day simple moving average of $24.64 and a 200 day simple moving average of $26.31. 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 Inc. has a 12-month low of $22.95 and a 12-month 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. AT&T had a return on equity of 12.33% and a net margin of 17.47%.The business 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 company posted $0.43 earnings per share. AT&T’s revenue 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. Sell-side analysts predict that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have issued reports on T. Arete Research set a $20.00 price objective on shares of AT&T in a research note on Tuesday, January 6th. Sanford C. Bernstein cut their price target on shares of AT&T from $31.00 to $30.00 and set an “outperform” rating for the company in a report on Friday, January 16th. KeyCorp reiterated an “overweight” rating on shares of AT&T in a research report on Wednesday, January 21st. Wells Fargo & Company decreased their price objective on shares of AT&T from $29.00 to $27.00 and set an “overweight” rating on the stock in a research note on Monday, January 26th. Finally, Scotiabank restated a “sector perform” rating and set a $29.50 price objective on shares of AT&T in a research report on Wednesday, January 7th. One 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the company 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.