Silver Oak Securities Incorporated trimmed its stake in shares of AT&T Inc. (NYSE:T – Free Report) by 25.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 102,142 shares of the technology company’s stock after selling 35,029 shares during the period. Silver Oak Securities Incorporated’s holdings in AT&T were worth $2,961,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in T. Vanguard Group Inc. grew its position in AT&T by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 664,055,700 shares of the technology company’s stock worth $16,495,144,000 after purchasing an additional 3,585,661 shares during the period. State Street Corp lifted its holdings in shares of AT&T by 2.6% during the 4th quarter. State Street Corp now owns 332,089,723 shares of the technology company’s stock valued at $8,249,109,000 after buying an additional 8,314,678 shares during the period. Bank of America Corp DE lifted its holdings in shares of AT&T by 3.5% during the 4th quarter. Bank of America Corp DE now owns 119,742,478 shares of the technology company’s stock valued at $2,974,403,000 after buying an additional 4,079,062 shares during the period. Norges Bank purchased a new position in shares of AT&T in the 4th quarter worth $2,181,977,000. Finally, Capital Research Global Investors boosted its stake in shares of AT&T by 0.6% in the 3rd quarter. Capital Research Global Investors now owns 65,607,835 shares of the technology company’s stock worth $1,852,765,000 after buying an additional 370,455 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.
AT&T Stock Performance
T opened at $22.34 on Thursday. The firm has a market cap of $155.26 billion, a P/E ratio of 7.50, a PEG ratio of 0.95 and a beta of 0.21. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.92 and a quick ratio of 0.87. The company has a 50 day simple moving average of $24.54 and a two-hundred day simple moving average of $25.68. AT&T Inc. has a 1-year low of $21.99 and a 1-year high of $29.79.
AT&T Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 10th will be given a dividend of $0.2775 per share. The ex-dividend date is Friday, July 10th. This represents a $1.11 annualized dividend and a dividend yield of 5.0%. AT&T’s dividend payout ratio (DPR) is presently 37.25%.
Wall Street Analyst Weigh In
Several analysts recently commented on the company. BNP Paribas Exane cut their price objective on AT&T from $28.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. KeyCorp increased their target price on AT&T from $30.00 to $36.00 and gave the company an “overweight” rating in a report on Wednesday, March 25th. Wall Street Zen raised AT&T from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. Weiss Ratings downgraded AT&T from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. Finally, Oppenheimer lowered shares of AT&T from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $30.55.
Check Out Our Latest Stock Analysis on T
More AT&T News
Here are the key news stories impacting AT&T this week:
- Positive Sentiment: AT&T declared a quarterly dividend of $0.2775 per common share, reinforcing its appeal to income-focused investors and signaling continued capital returns. AT&T Declares Dividends on Common and Preferred Shares
- Positive Sentiment: AT&T also announced a continued collaboration with Intrado to support next-generation 9-1-1 services, which may help strengthen its network capabilities and compliance with FCC requirements. Intrado and AT&T Strengthen Longstanding Collaboration to Support NG 9-1-1 Innovation
- Neutral Sentiment: Some coverage highlighted AT&T as a telecom stock to watch and noted its fiber-expansion strategy, but this was largely a broad industry commentary rather than a new company-specific catalyst. The Zacks Analyst Blog Highlights Visa, TotalEnergies, AT&T, Tredegar and Geospace
- Negative Sentiment: AT&T is under pressure from California regulatory resistance to its copper-network retirement plans, creating a policy overhang for the stock. What California’s Regulatory Resistance Means For AT&T Stock
- Negative Sentiment: AT&T was cited as falling more than the broader market, reflecting weakness in the stock during a risk-off session for communication services. Here’s Why AT&T (T) Fell More Than Broader Market
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.
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