ING Groep NV Has $26.28 Million Position in AT&T Inc. $T

ING Groep NV decreased its stake in AT&T Inc. (NYSE:T) by 22.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 930,579 shares of the technology company’s stock after selling 274,828 shares during the period. ING Groep NV’s holdings in AT&T were worth $26,280,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Front Row Advisors LLC bought a new position in AT&T during the 2nd quarter worth approximately $25,000. Mountain Hill Investment Partners Corp. boosted its stake in shares of AT&T by 363.7% in 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 during the last quarter. Solstein Capital LLC increased its position in shares of AT&T by 217.3% during the second quarter. Solstein Capital LLC now owns 952 shares of the technology company’s stock worth $28,000 after buying an additional 652 shares during the period. Curio Wealth LLC raised its stake in AT&T by 26,100.0% during the second quarter. Curio Wealth LLC now owns 1,048 shares of the technology company’s stock worth $30,000 after buying an additional 1,044 shares during the last quarter. Finally, Cloud Capital Management LLC acquired a new position in AT&T in the third quarter valued at $31,000. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Stock Up 1.1%

Shares of NYSE:T opened at $27.41 on Wednesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.86 and a current ratio of 0.91. AT&T Inc. has a 52-week low of $22.95 and a 52-week high of $29.79. The business’s 50 day simple moving average is $24.68 and its two-hundred day simple moving average is $26.31. The firm has a market cap of $194.32 billion, a P/E ratio of 8.99, a PEG ratio of 1.01 and a beta of 0.39.

AT&T (NYSE:T) last issued its earnings results 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 company had revenue of $33.47 billion for the quarter, compared to analyst estimates of $32.91 billion. During the same period in the prior year, the firm earned $0.43 earnings per share. AT&T’s revenue for the quarter was up 3.6% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, research analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on T. Scotiabank reiterated a “sector perform” rating and set a $29.50 price target on shares of AT&T in a report on Wednesday, January 7th. Wells Fargo & Company decreased their target price on AT&T from $29.00 to $27.00 and set an “overweight” rating for the company in a research note on Monday, January 26th. Citigroup lowered their target price on AT&T from $32.00 to $29.00 and set a “buy” rating for the company in a report on Monday, December 22nd. Wall Street Zen cut AT&T from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Arete Research set a $20.00 price objective on shares of AT&T in a research report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $29.83.

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.