Greenland Capital Management LP Sells 311,772 Shares of AT&T Inc. $T

Greenland Capital Management LP reduced its holdings in AT&T Inc. (NYSE:TFree Report) by 76.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 94,296 shares of the technology company’s stock after selling 311,772 shares during the period. Greenland Capital Management LP’s holdings in AT&T were worth $2,663,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of T. Vanguard Group Inc. boosted its position in shares of AT&T by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 661,355,210 shares of the technology company’s stock worth $19,139,620,000 after purchasing an additional 10,310,560 shares during the last quarter. State Street Corp increased its holdings in AT&T by 2.4% in 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 purchasing an additional 7,404,376 shares during the last quarter. Geode Capital Management LLC increased its holdings in 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 purchasing an additional 2,066,026 shares during the last quarter. Norges Bank acquired a new position in AT&T in the second quarter valued at about $2,228,655,000. Finally, Ameriprise Financial Inc. lifted its stake in AT&T by 8.7% in the second quarter. Ameriprise Financial Inc. now owns 55,247,484 shares of the technology company’s stock valued at $1,598,697,000 after buying an additional 4,404,688 shares during the period. 57.10% of the stock is owned by institutional investors.

More AT&T News

Here are the key news stories impacting AT&T this week:

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Williams Trading set a $32.00 target price on AT&T in a research report on Thursday, January 29th. The Goldman Sachs Group reduced their price objective on shares of AT&T from $33.00 to $29.00 and set a “buy” rating on the stock in a research note on Friday, December 19th. Weiss Ratings restated a “buy (b-)” rating on shares of AT&T in a report on Monday, December 29th. Wolfe Research lowered shares of AT&T from an “outperform” rating to a “peer perform” rating in a report on Monday, December 15th. Finally, Barclays reduced their price target on shares of 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. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $29.93.

Check Out Our Latest Report on T

AT&T Price Performance

Shares of T opened at $28.51 on Tuesday. The stock has a 50 day simple moving average of $25.33 and a 200 day simple moving average of $26.35. AT&T Inc. has a 52-week low of $22.95 and a 52-week high of $29.79. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.86 and a current ratio of 0.91. The firm has a market capitalization of $199.57 billion, a PE ratio of 9.35, a P/E/G ratio of 1.04 and a beta of 0.39.

AT&T (NYSE:TGet Free Report) last announced its quarterly earnings results on Wednesday, January 28th. The technology company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.06. The firm had revenue of $33.47 billion for the quarter, compared to analyst estimates of $32.91 billion. AT&T had a net margin of 17.47% and a return on equity of 12.33%. The business’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.43 earnings per share. 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 EPS for the current fiscal 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 given a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Monday, January 12th. AT&T’s payout ratio is currently 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

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

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