Dupree Financial Group LLC Sells 36,414 Shares of AT&T Inc. $T

Dupree Financial Group LLC decreased its holdings in AT&T Inc. (NYSE:T) by 20.3% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 142,595 shares of the technology company’s stock after selling 36,414 shares during the period. AT&T makes up about 1.7% of Dupree Financial Group LLC’s holdings, making the stock its 24th biggest holding. Dupree Financial Group LLC’s holdings in AT&T were worth $4,134,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in T. Vanguard Group Inc. boosted its holdings in AT&T by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 664,055,700 shares of the technology company’s stock valued at $16,495,144,000 after acquiring an additional 3,585,661 shares during the period. State Street Corp increased its stake in AT&T by 2.6% in the 4th quarter. State Street Corp now owns 332,089,723 shares of the technology company’s stock worth $8,249,109,000 after purchasing an additional 8,314,678 shares during the period. Bank of America Corp DE increased its stake in AT&T by 3.5% in the 4th quarter. Bank of America Corp DE now owns 119,742,478 shares of the technology company’s stock worth $2,974,403,000 after purchasing an additional 4,079,062 shares during the period. Norges Bank bought a new stake in AT&T in the fourth quarter valued at approximately $2,181,977,000. Finally, Capital Research Global Investors lifted its position in AT&T by 0.6% in the third quarter. Capital Research Global Investors now owns 65,607,835 shares of the technology company’s stock valued at $1,852,765,000 after purchasing an additional 370,455 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

Shares of T stock opened at $22.70 on Monday. The company’s fifty day moving average price is $24.42 and its 200-day moving average price is $25.65. The stock has a market cap of $157.71 billion, a PE ratio of 7.62, a price-to-earnings-growth ratio of 0.92 and a beta of 0.21. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 1.05. AT&T Inc. has a 12 month low of $21.99 and a 12 month high of $29.79.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.02. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The company had revenue of $31.51 billion during the quarter, compared to analyst estimates of $31.29 billion. During the same period last year, the business earned $0.51 EPS. AT&T’s quarterly revenue was up 2.9% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, equities analysts expect that AT&T Inc. will post 2.31 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 10th will be paid a dividend of $0.2775 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.9%. AT&T’s dividend payout ratio (DPR) is currently 37.25%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on T. Morgan Stanley assumed coverage on shares of AT&T in a report on Thursday, April 16th. They issued an “overweight” rating and a $30.00 target price on the stock. Oppenheimer lowered shares of AT&T from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 3rd. KeyCorp increased their price target on shares of AT&T from $30.00 to $36.00 and gave the company an “overweight” rating in a research report on Wednesday, March 25th. BNP Paribas Exane cut their price target on shares of AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $31.00 price objective on shares of AT&T in a research report on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $30.55.

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.