AT&T Inc. $T Shares Sold by Sound Income Strategies LLC

Sound Income Strategies LLC lessened its holdings in shares of AT&T Inc. (NYSE:T) by 23.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 662,680 shares of the technology company’s stock after selling 197,700 shares during the period. Sound Income Strategies LLC’s holdings in AT&T were worth $15,566,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of T. Front Row Advisors LLC acquired a new stake in AT&T during the 2nd quarter valued at approximately $25,000. Mountain Hill Investment Partners Corp. grew its stake in AT&T by 363.7% during the 3rd quarter. Mountain Hill Investment Partners Corp. now owns 895 shares of the technology company’s stock valued at $25,000 after purchasing an additional 702 shares in the last quarter. GGM Financials LLC acquired a new stake in AT&T during the 3rd quarter valued at approximately $25,000. Cloud Capital Management LLC acquired a new stake in AT&T during the 3rd quarter valued at approximately $31,000. Finally, Howard Hughes Medical Institute acquired a new stake in AT&T during the 2nd quarter valued at approximately $45,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Trading Down 0.2%

Shares of NYSE T opened at $28.29 on Tuesday. The company has a market cap of $197.53 billion, a price-to-earnings ratio of 9.27, a price-to-earnings-growth ratio of 1.06 and a beta of 0.34. AT&T Inc. has a 12-month low of $22.95 and a 12-month high of $29.79. The company has a current ratio of 0.91, a quick ratio of 0.86 and a debt-to-equity ratio of 1.00. The stock’s 50 day simple moving average is $27.80 and its 200 day simple moving average is $26.18.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, January 28th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.06. The business had revenue of $33.47 billion for the quarter, compared to the consensus estimate of $32.91 billion. AT&T had a return on equity of 12.33% and a net margin of 17.47%.The business’s revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the business posted $0.43 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities research analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, April 10th will be paid a dividend of $0.2775 per share. The ex-dividend date of this dividend is Friday, April 10th. This represents a $1.11 annualized dividend and a yield of 3.9%. AT&T’s payout ratio is presently 36.39%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on T shares. Scotiabank increased their target price on AT&T from $31.00 to $31.50 and gave the stock a “sector perform” rating in a report on Wednesday, April 1st. Wells Fargo & Company reduced their target price on AT&T from $29.00 to $27.00 and set an “overweight” rating on the stock in a report on Monday, January 26th. KeyCorp increased their target price on AT&T from $30.00 to $36.00 and gave the stock an “overweight” rating in a report on Wednesday, March 25th. The Goldman Sachs Group reduced their target price on AT&T from $33.00 to $29.00 and set a “buy” rating on the stock in a report on Friday, December 19th. Finally, Sanford C. Bernstein reduced their target price on AT&T from $31.00 to $30.00 and set an “outperform” rating on the stock in a report on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, AT&T has an average rating of “Moderate Buy” and an average price target of $30.74.

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.