Zions Bancorporation National Association UT Sells 129,594 Shares of AT&T Inc. $T

Zions Bancorporation National Association UT reduced its stake in shares of AT&T Inc. (NYSE:T) by 87.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,008 shares of the technology company’s stock after selling 129,594 shares during the period. Zions Bancorporation National Association UT’s holdings in AT&T were worth $537,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Denali Advisors LLC grew its position in shares of AT&T by 5.9% during the 2nd quarter. Denali Advisors LLC now owns 401,037 shares of the technology company’s stock valued at $11,606,000 after acquiring an additional 22,394 shares during the period. Csenge Advisory Group grew its holdings in AT&T by 20.3% during the third quarter. Csenge Advisory Group now owns 189,293 shares of the technology company’s stock valued at $5,346,000 after purchasing an additional 31,935 shares during the period. Rhumbline Advisers increased its position in AT&T by 0.4% in the third quarter. Rhumbline Advisers now owns 12,810,872 shares of the technology company’s stock worth $361,779,000 after buying an additional 49,727 shares during the last quarter. Tredje AP fonden increased its position in AT&T by 1.8% in the second quarter. Tredje AP fonden now owns 1,221,395 shares of the technology company’s stock worth $35,347,000 after buying an additional 21,720 shares during the last quarter. Finally, Wealthfront Advisers LLC raised its stake in shares of AT&T by 4.9% in the third quarter. Wealthfront Advisers LLC now owns 1,411,031 shares of the technology company’s stock valued at $39,848,000 after buying an additional 66,448 shares during the period. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Price Performance

NYSE:T opened at $28.70 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 fifty day moving average of $25.04 and a 200 day moving average of $26.35. 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 firm has a market capitalization of $200.92 billion, a price-to-earnings ratio of 9.41, a P/E/G ratio of 1.06 and a beta of 0.39.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, January 28th. The technology company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.06. The firm had revenue of $33.47 billion for the quarter, compared to analysts’ expectations of $32.91 billion. AT&T had a return on equity of 12.33% and a net margin of 17.47%.The company’s revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.43 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, research analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently declared 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 yield of 3.9%. The ex-dividend date of this dividend was Monday, January 12th. AT&T’s payout ratio is currently 36.39%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on T. Citigroup cut their price target on AT&T from $32.00 to $29.00 and set a “buy” rating for the company in a research note on Monday, December 22nd. TD Cowen reiterated a “hold” rating on shares of AT&T in a research note on Thursday, January 29th. Barclays dropped their price target on shares of AT&T from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 13th. Wolfe Research downgraded shares of AT&T from an “outperform” rating to a “peer perform” rating in a report on Monday, December 15th. Finally, UBS Group reissued a “buy” rating on shares of AT&T in a report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, fourteen 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 stock has a consensus rating of “Moderate Buy” and an average target price of $29.93.

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.