AT&T Inc. $T Shares Sold by Midwest Trust Co

Midwest Trust Co lowered its holdings in shares of AT&T Inc. (NYSE:T) by 21.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 81,106 shares of the technology company’s stock after selling 21,550 shares during the period. Midwest Trust Co’s holdings in AT&T were worth $1,679,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. IFM Investors Pty Ltd boosted its stake in shares of AT&T by 5.3% during the 1st quarter. IFM Investors Pty Ltd now owns 1,488,172 shares of the technology company’s stock worth $43,142,000 after purchasing an additional 74,684 shares during the last quarter. Parr Mcknight Wealth Management Group LLC acquired a new position in shares of AT&T in the first quarter valued at approximately $2,901,000. World Investment Advisors raised its position in shares of AT&T by 85.0% in the fourth quarter. World Investment Advisors now owns 338,942 shares of the technology company’s stock valued at $8,419,000 after buying an additional 155,728 shares during the last quarter. Cerity Partners LLC lifted its stake in shares of AT&T by 3.7% during the fourth quarter. Cerity Partners LLC now owns 1,668,862 shares of the technology company’s stock valued at $41,449,000 after buying an additional 59,279 shares during the period. Finally, ING Groep NV lifted its stake in shares of AT&T by 120.3% during the fourth quarter. ING Groep NV now owns 2,050,310 shares of the technology company’s stock valued at $50,930,000 after buying an additional 1,119,731 shares during the period. 57.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on T. TD Cowen lifted their target price on shares of AT&T from $32.00 to $33.00 and gave the stock a “hold” rating in a research note on Thursday, July 23rd. The Goldman Sachs Group set a $30.00 price target on AT&T in a research note on Wednesday, July 22nd. Weiss Ratings upgraded AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 3rd. Royal Bank Of Canada lowered their price objective on AT&T from $31.00 to $27.00 and set an “outperform” rating for the company in a research report on Monday, July 20th. Finally, Wells Fargo & Company increased their target price on AT&T from $18.00 to $20.00 and gave the stock an “underweight” rating in a research report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $29.19.

AT&T Stock Up 1.1%

Shares of NYSE T opened at $25.17 on Thursday. The stock has a market capitalization of $172.45 billion, a PE ratio of 8.33, a P/E/G ratio of 1.01 and a beta of 0.23. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 1.06. The firm has a fifty day moving average of $22.75 and a 200-day moving average of $25.28. AT&T Inc. has a 52-week low of $19.89 and a 52-week high of $29.79.

AT&T (NYSE:T) last issued its earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share for the quarter, topping 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 business had revenue of $31.56 billion for the quarter, compared to analyst estimates of $31.80 billion. During the same period last year, the company posted $0.54 EPS. The business’s quarterly revenue 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, analysts anticipate that AT&T Inc. will post 2.34 EPS for the current year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date was Friday, July 10th. AT&T’s dividend payout ratio (DPR) is 36.75%.

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.