ING Groep NV Sells 274,828 Shares of AT&T Inc. $T

ING Groep NV lowered its stake in shares of AT&T Inc. (NYSE:T) by 22.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 930,579 shares of the technology company’s stock after selling 274,828 shares during the quarter. ING Groep NV’s holdings in AT&T were worth $26,280,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in T. Front Row Advisors LLC bought a new position in shares of AT&T in the second quarter worth $25,000. Mountain Hill Investment Partners Corp. grew its stake in AT&T by 363.7% during the third quarter. Mountain Hill Investment Partners Corp. now owns 895 shares of the technology company’s stock worth $25,000 after buying an additional 702 shares in the last quarter. Solstein Capital LLC increased its holdings in AT&T by 217.3% in the 2nd quarter. Solstein Capital LLC now owns 952 shares of the technology company’s stock valued at $28,000 after buying an additional 652 shares during the period. Curio Wealth LLC raised its position in shares of AT&T by 26,100.0% in the 2nd quarter. Curio Wealth LLC now owns 1,048 shares of the technology company’s stock valued at $30,000 after buying an additional 1,044 shares in the last quarter. Finally, Legacy Investment Solutions LLC acquired a new position in shares of AT&T in the 2nd quarter valued at approximately $32,000. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Stock Up 1.1%

Shares of T opened at $27.41 on Wednesday. AT&T Inc. has a 52 week low of $22.95 and a 52 week high of $29.79. The stock has a market capitalization of $194.32 billion, a price-to-earnings ratio of 8.99, a PEG ratio of 1.01 and a beta of 0.39. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.86 and a current ratio of 0.91. The stock has a fifty day moving average of $24.68 and a 200-day moving average of $26.31.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, January 28th. The technology company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.06. AT&T had a return on equity of 12.33% and a net margin of 17.47%.The business had revenue of $33.47 billion for the quarter, compared to analyst estimates of $32.91 billion. During the same quarter in the previous year, the company posted $0.43 EPS. AT&T’s quarterly revenue was up 3.6% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, sell-side analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Monday, January 12th were paid a $0.2775 dividend. The ex-dividend date of this dividend was Monday, January 12th. This represents a $1.11 annualized dividend and a dividend yield of 4.0%. AT&T’s dividend payout ratio is currently 36.39%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on T. Wells Fargo & Company reduced their price target on shares of AT&T from $29.00 to $27.00 and set an “overweight” rating on the stock in a research report on Monday, January 26th. Barclays reduced their target price on AT&T from $28.00 to $26.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 13th. The Goldman Sachs Group lowered their price target on AT&T from $33.00 to $29.00 and set a “buy” rating for the company in a report on Friday, December 19th. UBS Group restated a “buy” rating on shares of AT&T in a research report on Thursday, January 29th. Finally, Williams Trading set a $32.00 target price on AT&T in a research report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $29.83.

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.