AT&T Inc. $T Shares Sold by Keybank National Association OH

Keybank National Association OH trimmed its position in shares of AT&T Inc. (NYSE:T) by 36.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 890,083 shares of the technology company’s stock after selling 506,082 shares during the quarter. Keybank National Association OH’s holdings in AT&T were worth $21,718,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp boosted its position in AT&T by 5.8% during the 2nd quarter. State Street Corp now owns 334,273,613 shares of the technology company’s stock worth $6,919,464,000 after buying an additional 18,468,679 shares during the period. Bank of America Corp DE grew its holdings in AT&T by 4.6% during the 1st quarter. Bank of America Corp DE now owns 125,191,700 shares of the technology company’s stock worth $3,629,307,000 after acquiring an additional 5,449,222 shares during the last quarter. Bank of New York Mellon Corp increased its position in AT&T by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 75,323,574 shares of the technology company’s stock valued at $1,559,198,000 after acquiring an additional 2,559,065 shares during the period. GQG Partners LLC acquired a new position in AT&T in the 2nd quarter valued at approximately $1,223,364,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in AT&T by 2.5% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 55,616,152 shares of the technology company’s stock valued at $1,151,254,000 after acquiring an additional 1,336,556 shares during the period. 57.10% of the stock is currently owned by institutional investors.

Trending Headlines about AT&T

Here are a few of the latest headlines about T:

• Neutral Sentiment: One valuation analysis argues AT&T may be about 34% below fair value, while noting that customer-service and network initiatives could affect future cash generation; the valuation estimate is not a company forecast. AT&T stock may be 34% below fair value
• Negative Sentiment: The 10-year Treasury yield has reached roughly 5%, creating a more competitive alternative to AT&T’s dividend and potentially limiting demand for high-yield shares. Treasury yields and AT&T dividend article
• Negative Sentiment: Commentary highlights AT&T’s heavy debt load, a concern that could constrain flexibility and make its dividend less attractive if financing costs remain elevated. Should dividend investors buy AT&T stock?

AT&T Price Performance

Shares of T opened at $22.24 on Thursday. AT&T Inc. has a 1 year low of $19.89 and a 1 year high of $29.43. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.87 and a quick ratio of 0.82. The company has a market capitalization of $149.80 billion, a price-to-earnings ratio of 12.02, a price-to-earnings-growth ratio of 1.08 and a beta of 0.30. The business has a 50-day moving average of $23.72 and a 200-day moving average of $24.89.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, October 21st. The technology company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.05. AT&T had a return on equity of 13.41% and a net margin of 10.19%. The company had revenue of $32.32 billion for the quarter, compared to analyst estimates of $31.69 billion. During the same period in the previous year, the firm earned $0.54 earnings per share. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. As a group, equities research analysts anticipate that AT&T Inc. will post 2.40 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 2nd. Shareholders of record on Monday, October 12th were issued a dividend of $0.2775 per share. The ex-dividend date was Friday, October 9th. This represents a $1.11 annualized dividend and a yield of 5.0%. AT&T’s dividend payout ratio (DPR) is presently 60.00%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on T. Royal Bank Of Canada dropped their price target on shares of AT&T from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Monday, July 20th. Scotiabank reduced their price objective on shares of AT&T from $27.50 to $26.50 and set a “sector perform” rating on the stock in a research note on Friday, October 9th. Wells Fargo & Company boosted their price objective on shares of AT&T from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Thursday, July 23rd. JPMorgan Chase & Co. decreased their price objective on AT&T from $33.00 to $31.00 and set an “overweight” rating for the company in a report on Thursday, October 22nd. Finally, Daiwa Securities Group decreased their price objective on AT&T from $25.00 to $23.00 and set a “neutral” rating for the company in a report on Thursday, July 23rd. Twelve analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, AT&T currently has an average rating of “Moderate Buy” and an average target price of $27.56.

AT&T Company Profile

AT&T Inc. (NYSE: T) is a telecommunications company that provides wireless communications, broadband, and related connectivity services. Its offerings include mobile voice and data plans, internet access, fiber broadband, fixed wireless services, and business communications solutions. The company serves consumers, businesses, government agencies, and other organizations primarily in the United States. AT&T’s business operations include wireless network services, wireline connectivity, fiber-optic internet, voice services, and networking solutions designed to connect locations, devices, and applications.