AT&T Inc. $T Shares Sold by Boothbay Fund Management LLC

Boothbay Fund Management LLC cut its position in AT&T Inc. (NYSE:T) by 40.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 733,730 shares of the technology company’s stock after selling 503,003 shares during the quarter. AT&T accounts for 0.3% of Boothbay Fund Management LLC’s holdings, making the stock its 23rd largest holding. Boothbay Fund Management LLC’s holdings in AT&T were worth $18,226,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. GGM Financials LLC acquired a new stake in shares of AT&T in the third quarter valued at $25,000. Rachor Investment Advisory Services LLC purchased a new position in AT&T in the fourth quarter valued at $25,000. Cresta Advisors Ltd. purchased a new position in AT&T in the fourth quarter valued at $26,000. Blueline Advisors LLC purchased a new position in AT&T in the fourth quarter valued at $26,000. Finally, Winnow Wealth LLC boosted its holdings in AT&T by 362.8% in the fourth quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company’s stock valued at $26,000 after purchasing an additional 820 shares during the period. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Stock Down 3.1%

Shares of NYSE T opened at $22.43 on Thursday. The company has a market capitalization of $155.87 billion, a price-to-earnings ratio of 7.53, a price-to-earnings-growth ratio of 0.96 and a beta of 0.21. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.92 and a quick ratio of 0.87. The business has a 50-day moving average of $25.00 and a two-hundred day moving average of $25.80. AT&T Inc. has a 1 year low of $22.25 and a 1 year high of $29.79.

AT&T (NYSE:T) last posted 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. AT&T had a return on equity of 12.49% and a net margin of 16.94%.The business had revenue of $31.51 billion during the quarter, compared to the consensus estimate of $31.29 billion. During the same period in the previous year, the business earned $0.51 EPS. The business’s quarterly 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. On average, analysts forecast that AT&T Inc. will post 2.31 earnings per share for the current fiscal year.

AT&T Dividend Announcement

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. This represents a $1.11 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend was Friday, April 10th. AT&T’s payout ratio is presently 37.25%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on T shares. Weiss Ratings lowered AT&T from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Morgan Stanley started coverage on AT&T in a report on Thursday, April 16th. They issued an “overweight” rating and a $30.00 target price for the company. Wall Street Zen lowered AT&T from a “hold” rating to a “sell” rating in a report on Saturday, May 30th. BNP Paribas Exane decreased their target price on AT&T from $28.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. Finally, Oppenheimer lowered AT&T from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $30.55.

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.