Anfield Capital Management LLC Cuts Stock Position in AT&T Inc. $T

Anfield Capital Management LLC reduced its holdings in AT&T Inc. (NYSE:TFree Report) by 97.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,174 shares of the technology company’s stock after selling 51,298 shares during the period. Anfield Capital Management LLC’s holdings in AT&T were worth $33,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in AT&T by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 661,355,210 shares of the technology company’s stock valued at $19,139,620,000 after buying an additional 10,310,560 shares during the period. State Street Corp increased its position in 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 acquiring an additional 7,404,376 shares during the last quarter. Geode Capital Management LLC raised its stake 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 valued at $4,958,066,000 after acquiring an additional 2,066,026 shares during the period. Norges Bank bought a new stake in shares of AT&T in the 2nd quarter worth about $2,228,655,000. Finally, Ameriprise Financial Inc. boosted 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 purchasing an additional 4,404,688 shares during the period. 57.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Morgan Stanley decreased their price objective on shares of AT&T from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Wednesday, December 10th. The Goldman Sachs Group dropped their price objective on AT&T from $33.00 to $29.00 and set a “buy” rating for the company in a report on Friday, December 19th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $31.00 price objective on shares of AT&T in a research report on Thursday, February 12th. Weiss Ratings reiterated a “buy (b-)” rating on shares of AT&T in a research report on Monday, December 29th. Finally, Arete Research set a $20.00 target price on shares of AT&T in a research note on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.93.

Get Our Latest Stock Analysis on AT&T

Key Stories Impacting AT&T

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AT&T Trading Up 1.8%

Shares of AT&T stock opened at $27.97 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.86 and a debt-to-equity ratio of 1.00. The firm’s 50 day simple moving average is $25.63 and its two-hundred day simple moving average is $26.37. AT&T Inc. has a 12-month low of $22.95 and a 12-month high of $29.79. The firm has a market capitalization of $195.79 billion, a price-to-earnings ratio of 9.17, a PEG ratio of 1.02 and a beta of 0.39.

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

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Monday, January 12th were paid a $0.2775 dividend. The ex-dividend date was Monday, January 12th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.0%. AT&T’s dividend payout ratio is presently 36.39%.

AT&T Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for AT&T (NYSE:T)

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