Huntington National Bank Lowers Stake in AT&T Inc. $T

Huntington National Bank cut its position in shares of AT&T Inc. (NYSE:TFree Report) by 8.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 398,999 shares of the technology company’s stock after selling 38,095 shares during the quarter. Huntington National Bank’s holdings in AT&T were worth $11,268,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Mosaic Family Wealth Partners LLC grew its holdings in shares of AT&T by 22.9% during the 3rd quarter. Mosaic Family Wealth Partners LLC now owns 16,147 shares of the technology company’s stock worth $453,000 after purchasing an additional 3,011 shares during the period. Quantbot Technologies LP raised its holdings in AT&T by 639.7% in the third quarter. Quantbot Technologies LP now owns 181,911 shares of the technology company’s stock valued at $5,137,000 after buying an additional 157,320 shares during the period. Caitlin John LLC acquired a new position in AT&T during the third quarter valued at approximately $101,000. Dunhill Financial LLC grew its stake in AT&T by 44.6% during the third quarter. Dunhill Financial LLC now owns 4,279 shares of the technology company’s stock worth $121,000 after buying an additional 1,319 shares during the period. Finally, Gentry Private Wealth LLC grew its stake in AT&T by 1.7% during the third quarter. Gentry Private Wealth LLC now owns 23,537 shares of the technology company’s stock worth $665,000 after buying an additional 393 shares during the period. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on T shares. Arete Research set a $20.00 target price on shares of AT&T in a report on Tuesday, January 6th. Wolfe Research lowered AT&T from an “outperform” rating to a “peer perform” rating in a research report on Monday, December 15th. Williams Trading set a $32.00 price objective on AT&T in a research note on Thursday, January 29th. The Goldman Sachs Group lowered their target price on AT&T from $33.00 to $29.00 and set a “buy” rating for the company in a research note on Friday, December 19th. Finally, Loop Capital set a $29.00 target price on AT&T in a report on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $29.93.

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AT&T News Roundup

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AT&T Price Performance

NYSE T opened at $27.97 on Friday. The company has a 50-day moving average price of $25.63 and a two-hundred day moving average price of $26.36. AT&T Inc. has a 52 week low of $22.95 and a 52 week high of $29.79. The stock has a market cap of $195.79 billion, a price-to-earnings ratio of 9.17, a price-to-earnings-growth ratio of 1.04 and a beta of 0.39. The company has a current ratio of 0.91, a quick ratio of 0.86 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:TGet Free Report) last released its quarterly earnings results on Wednesday, January 28th. The technology company reported $0.52 earnings per share for the quarter, beating 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 analysts’ expectations of $32.91 billion. During the same quarter in the previous year, the company posted $0.43 earnings per share. The business’s revenue for the quarter 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. Analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The firm also recently declared 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 presently 36.39%.

AT&T Profile

(Free Report)

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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Institutional Ownership by Quarter for AT&T (NYSE:T)

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