Handelsbanken Fonder AB Sells 42,551 Shares of AT&T Inc. $T

Handelsbanken Fonder AB decreased its holdings in AT&T Inc. (NYSE:T) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,834,607 shares of the technology company’s stock after selling 42,551 shares during the period. Handelsbanken Fonder AB’s holdings in AT&T were worth $70,412,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Csenge Advisory Group increased its holdings in shares of AT&T by 9.9% in the 4th quarter. Csenge Advisory Group now owns 208,018 shares of the technology company’s stock worth $5,167,000 after purchasing an additional 18,725 shares in the last quarter. Integral Investment Advisors Inc. increased its holdings in shares of AT&T by 12.3% in the 4th quarter. Integral Investment Advisors Inc. now owns 16,675 shares of the technology company’s stock worth $414,000 after purchasing an additional 1,821 shares in the last quarter. Profund Advisors LLC increased its holdings in shares of AT&T by 7.4% in the 4th quarter. Profund Advisors LLC now owns 103,431 shares of the technology company’s stock worth $2,569,000 after purchasing an additional 7,154 shares in the last quarter. ProShare Advisors LLC increased its holdings in shares of AT&T by 12.1% in the 4th quarter. ProShare Advisors LLC now owns 1,374,035 shares of the technology company’s stock worth $34,131,000 after purchasing an additional 148,301 shares in the last quarter. Finally, HighTower Advisors LLC increased its holdings in shares of AT&T by 4.5% in the 4th quarter. HighTower Advisors LLC now owns 2,715,114 shares of the technology company’s stock worth $67,443,000 after purchasing an additional 117,617 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on T shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $33.00 target price on shares of AT&T in a report on Thursday, January 29th. Morgan Stanley assumed coverage on AT&T in a report on Thursday, April 16th. They issued an “overweight” rating and a $30.00 price objective for the company. KeyCorp lifted their price objective on AT&T from $30.00 to $36.00 and gave the stock an “overweight” rating in a report on Wednesday, March 25th. Scotiabank cut their price objective on AT&T from $31.50 to $31.00 and set a “sector perform” rating for the company in a report on Thursday, April 23rd. Finally, Oppenheimer lifted their price objective on AT&T from $29.00 to $32.00 and gave the stock an “outperform” rating in a report on Wednesday, March 11th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.55.

AT&T Price Performance

NYSE T opened at $24.44 on Tuesday. The company has a market capitalization of $169.79 billion, a PE ratio of 8.20, a price-to-earnings-growth ratio of 0.88 and a beta of 0.23. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.87 and a current ratio of 0.92. The business’s fifty day moving average is $26.86 and its 200 day moving average is $26.00. AT&T Inc. has a fifty-two week low of $22.95 and a fifty-two week high of $29.79.

AT&T (NYSE:T) last released its earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.02. The company had revenue of $31.51 billion for the quarter, compared to the consensus estimate of $31.29 billion. AT&T had a return on equity of 12.49% and a net margin of 16.94%.AT&T’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.51 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 2.31 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Friday, April 10th were given a dividend of $0.2775 per share. The ex-dividend date was Friday, April 10th. This represents a $1.11 annualized dividend and a yield of 4.5%. AT&T’s payout ratio is 37.25%.

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.