AT&T Inc. $T Stock Holdings Lessened by HighTower Advisors LLC

HighTower Advisors LLC cut its holdings in AT&T Inc. (NYSE:T) by 6.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 2,593,706 shares of the technology company’s stock after selling 166,385 shares during the period. HighTower Advisors LLC’s holdings in AT&T were worth $53,690,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in AT&T during the second quarter worth about $63,985,000. California State Teachers Retirement System grew its holdings in shares of AT&T by 1,920.3% during the second quarter. California State Teachers Retirement System now owns 221,126,798 shares of the technology company’s stock valued at $4,577,325,000 after purchasing an additional 210,181,579 shares during the last quarter. Kintra Wealth LLC raised its position in shares of AT&T by 22.6% during the 2nd quarter. Kintra Wealth LLC now owns 35,892 shares of the technology company’s stock worth $743,000 after purchasing an additional 6,617 shares during the period. Widmann Financial Services Inc. raised its position in shares of AT&T by 1.0% during the 2nd quarter. Widmann Financial Services Inc. now owns 70,035 shares of the technology company’s stock worth $1,450,000 after purchasing an additional 712 shares during the period. Finally, HB Wealth Management LLC raised its position in shares of AT&T by 1.1% during the 2nd quarter. HB Wealth Management LLC now owns 1,132,000 shares of the technology company’s stock worth $23,432,000 after purchasing an additional 11,780 shares during the period. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

Shares of NYSE T opened at $25.70 on Tuesday. AT&T Inc. has a 12-month low of $19.89 and a 12-month high of $29.79. The company has a market cap of $176.11 billion, a PE ratio of 8.51, a P/E/G ratio of 1.27 and a beta of 0.25. The stock has a 50 day simple moving average of $23.57 and a 200-day simple moving average of $25.11. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06.

AT&T (NYSE:T) last announced its earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.06. AT&T had a return on equity of 12.86% and a net margin of 16.94%.The firm had revenue of $31.56 billion for the quarter, compared to the consensus estimate of $31.80 billion. During the same quarter in the previous year, the business earned $0.54 EPS. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, equities research analysts forecast that AT&T Inc. will post 2.34 EPS for the current year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Friday, July 10th. AT&T’s dividend payout ratio (DPR) is 36.75%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Argus reduced their price objective on AT&T from $33.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. Royal Bank Of Canada dropped their target price on AT&T from $31.00 to $27.00 and set an “outperform” rating on the stock in a research report on Monday, July 20th. Weiss Ratings upgraded AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 3rd. Wolfe Research raised shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price target for the company in a report on Thursday, July 23rd. Finally, Barclays lowered their price target on shares of AT&T from $26.00 to $24.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $29.19.

AT&T 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.