Cibc World Market Inc. Has $54.93 Million Position in AT&T Inc. $T

Cibc World Market Inc. cut its position in shares of AT&T Inc. (NYSE:T) by 12.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,211,455 shares of the technology company’s stock after selling 310,738 shares during the period. Cibc World Market Inc.’s holdings in AT&T were worth $54,933,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC grew its holdings in shares of AT&T by 26.5% in the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock valued at $1,106,000 after acquiring an additional 10,188 shares in the last quarter. Osterweis Capital Management Inc. boosted its position in AT&T by 4,352.9% during the second quarter. Osterweis Capital Management Inc. now owns 6,234 shares of the technology company’s stock valued at $180,000 after purchasing an additional 6,094 shares during the last quarter. Main Street Financial Solutions LLC grew its stake in AT&T by 4.0% in the second quarter. Main Street Financial Solutions LLC now owns 26,796 shares of the technology company’s stock valued at $775,000 after purchasing an additional 1,022 shares in the last quarter. HUB Investment Partners LLC grew its stake in AT&T by 19.6% in the second quarter. HUB Investment Partners LLC now owns 55,730 shares of the technology company’s stock valued at $1,613,000 after purchasing an additional 9,115 shares in the last quarter. Finally, Peapack Gladstone Financial Corp increased its position in shares of AT&T by 1.8% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 207,063 shares of the technology company’s stock worth $5,992,000 after purchasing an additional 3,677 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on T shares. Royal Bank Of Canada reissued an “outperform” rating and issued a $31.00 price objective on shares of AT&T in a report on Wednesday, May 20th. KeyCorp boosted their target price on shares of AT&T from $30.00 to $36.00 and gave the stock an “overweight” rating in a report on Wednesday, March 25th. Arete Research raised shares of AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price target on the stock in a research report on Tuesday, March 10th. Morgan Stanley started coverage on shares of AT&T in a research note on Thursday, April 16th. They issued an “overweight” rating and a $30.00 price target for the company. Finally, BNP Paribas Exane decreased their price objective on shares of AT&T from $28.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $30.55.

AT&T News Summary

Here are the key news stories impacting AT&T this week:

• Negative Sentiment: The Supreme Court sided with the FCC in a case challenging its in-house penalty process, keeping AT&T’s $57 million fine related to customer location-data practices intact and signaling broader regulatory risk for telecom carriers. Supreme Court Upholds FCC Fine Process in AT&T and Verizon Customer Data Case
• Negative Sentiment: Investor sentiment was also pressured by a fresh analyst downgrade and renewed concern that satellite broadband competition from SpaceX and other entrants could intensify pressure on AT&T’s core wireless and home internet businesses. AT&T Shares Are Sliding: What's Driving The Action?
• Neutral Sentiment: Options activity surged, with traders buying a larger-than-normal amount of call options, suggesting some investors are positioning for a rebound despite the current pressure.
• Neutral Sentiment: AT&T also drew attention for business updates such as simplified fiber pricing, a new Disney/Pixar marketing campaign, and an expanded connected-car collaboration with LiveOne and Cisco, but these developments are not the main driver of today’s stock move.

AT&T Stock Performance

T opened at $22.77 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 1.05. AT&T Inc. has a 12-month low of $22.33 and a 12-month high of $29.79. The business has a 50 day moving average of $26.02 and a 200-day moving average of $25.97. The stock has a market cap of $158.21 billion, a price-to-earnings ratio of 7.64, a PEG ratio of 0.86 and a beta of 0.21.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $31.29 billion. During the same quarter in the prior year, the business earned $0.51 EPS. The firm’s revenue for the quarter 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, equities research analysts expect that AT&T Inc. will post 2.31 earnings per share for the current year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Friday, April 10th were paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date was Friday, April 10th. AT&T’s dividend payout ratio (DPR) is currently 37.25%.

About AT&T

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.