Savant Capital LLC Lowers Stock Position in AT&T Inc. $T

Savant Capital LLC reduced its stake in AT&T Inc. (NYSE:T) by 27.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 272,954 shares of the technology company’s stock after selling 101,131 shares during the quarter. Savant Capital LLC’s holdings in AT&T were worth $6,780,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. raised its stake in AT&T by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 664,055,700 shares of the technology company’s stock valued at $16,495,144,000 after purchasing an additional 3,585,661 shares in the last quarter. State Street Corp raised its stake in AT&T by 0.8% in the third quarter. State Street Corp now owns 323,775,045 shares of the technology company’s stock valued at $9,143,407,000 after purchasing an additional 2,704,536 shares in the last quarter. Capital Research Global Investors grew its position in AT&T by 0.6% during the third quarter. Capital Research Global Investors now owns 65,607,835 shares of the technology company’s stock valued at $1,852,765,000 after acquiring an additional 370,455 shares during the last quarter. Invesco Ltd. grew its position in AT&T by 8.6% during the third quarter. Invesco Ltd. now owns 57,823,362 shares of the technology company’s stock valued at $1,632,932,000 after acquiring an additional 4,584,316 shares during the last quarter. Finally, Legal & General Group Plc grew its position in AT&T by 1.4% during the third quarter. Legal & General Group Plc now owns 48,559,566 shares of the technology company’s stock valued at $1,371,322,000 after acquiring an additional 691,221 shares during the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Stock Down 0.3%

Shares of AT&T stock opened at $24.80 on Friday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.87 and a current ratio of 0.92. AT&T Inc. has a 52-week low of $22.95 and a 52-week high of $29.79. The stock has a market capitalization of $172.33 billion, a price-to-earnings ratio of 8.32, a P/E/G ratio of 0.91 and a beta of 0.23. The company’s 50 day moving average price is $26.39 and its 200-day moving average price is $26.01.

AT&T (NYSE:T) last issued its earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.02. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The firm had revenue of $31.51 billion for the quarter, compared to analysts’ expectations of $31.29 billion. During the same quarter last year, the business earned $0.51 earnings per share. The business’s revenue was up 2.9% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities research analysts forecast that AT&T Inc. will post 2.31 EPS for the current year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Friday, April 10th were issued a $0.2775 dividend. The ex-dividend date was Friday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.5%. AT&T’s dividend payout ratio (DPR) is currently 37.25%.

Wall Street Analyst Weigh In

A number of research analysts have commented on T shares. Citigroup increased their price target on shares of AT&T from $29.00 to $31.50 and gave the company a “buy” rating in a research report on Monday, March 23rd. Arete Research upgraded shares of AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price target on the stock in a research report on Tuesday, March 10th. Morgan Stanley started coverage on shares of AT&T in a research report on Thursday, April 16th. They set an “overweight” rating and a $30.00 price target on the stock. BNP Paribas Exane reduced their price target on shares of AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Finally, Scotiabank reduced their price target on shares of AT&T from $31.50 to $31.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $30.55.

About AT&T

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.