Groupe la Francaise Cuts Position in AT&T Inc. $T

Groupe la Francaise decreased its holdings in shares of AT&T Inc. (NYSE:T) by 15.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 190,335 shares of the technology company’s stock after selling 34,926 shares during the period. Groupe la Francaise’s holdings in AT&T were worth $3,940,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of AT&T in the 2nd quarter worth approximately $63,985,000. California State Teachers Retirement System increased its position in AT&T by 1,920.3% during the 2nd 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 buying an additional 210,181,579 shares in the last quarter. Kintra Wealth LLC raised its stake in AT&T by 22.6% during the second quarter. Kintra Wealth LLC now owns 35,892 shares of the technology company’s stock valued at $743,000 after buying an additional 6,617 shares during the last quarter. Widmann Financial Services Inc. raised its stake in AT&T by 1.0% during the second quarter. Widmann Financial Services Inc. now owns 70,035 shares of the technology company’s stock valued at $1,450,000 after buying an additional 712 shares during the last quarter. Finally, HB Wealth Management LLC boosted its holdings in AT&T by 1.1% in the second quarter. HB Wealth Management LLC now owns 1,132,000 shares of the technology company’s stock worth $23,432,000 after acquiring an additional 11,780 shares in the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Weiss Ratings raised AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 3rd. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $25.00 price target on shares of AT&T in a research report on Monday, July 13th. The Goldman Sachs Group set a $30.00 price objective on shares of AT&T in a research report on Wednesday, July 22nd. Wall Street Zen upgraded shares of AT&T from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Finally, Scotiabank decreased their target price on shares of AT&T from $31.00 to $29.25 and set a “sector perform” rating for the company in a report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.19.

AT&T Stock Up 0.1%

AT&T stock opened at $25.70 on Tuesday. AT&T Inc. has a one year low of $19.89 and a one year high of $29.79. The stock has a fifty day moving average of $23.57 and a 200 day moving average of $25.11. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.93 and a current ratio of 0.97. The stock has a market cap of $176.11 billion, a PE ratio of 8.51, a price-to-earnings-growth ratio of 1.27 and a beta of 0.25.

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

AT&T Dividend Announcement

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

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.