Rockefeller Capital Management L.P. Has $115.55 Million Stake in AT&T Inc. $T

Rockefeller Capital Management L.P. lowered its holdings in AT&T Inc. (NYSE:T) by 5.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,651,859 shares of the technology company’s stock after selling 250,875 shares during the period. Rockefeller Capital Management L.P.’s holdings in AT&T were worth $115,552,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. GGM Financials LLC bought a new position in shares of AT&T during the third quarter worth approximately $25,000. Rachor Investment Advisory Services LLC acquired a new stake in shares of AT&T in the fourth quarter valued at approximately $25,000. Safe Harbor Fiduciary LLC bought a new stake in shares of AT&T in the fourth quarter valued at approximately $25,000. Cresta Advisors Ltd. bought a new stake in shares of AT&T in the fourth quarter valued at approximately $26,000. Finally, Blueline Advisors LLC acquired a new stake in AT&T during the fourth quarter worth approximately $26,000. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

Shares of AT&T stock opened at $22.02 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 1.05. The company has a market cap of $152.97 billion, a PE ratio of 7.39, a price-to-earnings-growth ratio of 0.92 and a beta of 0.21. The company has a 50 day moving average of $24.77 and a 200-day moving average of $25.75. AT&T Inc. has a 1-year low of $21.99 and a 1-year high of $29.79.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The business had revenue of $31.51 billion for the quarter, compared to analysts’ expectations of $31.29 billion. During the same period last year, the firm posted $0.51 earnings per share. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, equities research analysts forecast that AT&T Inc. will post 2.31 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Friday, April 10th were issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend was Friday, April 10th. AT&T’s dividend payout ratio (DPR) is currently 37.25%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Citigroup raised their price objective on AT&T from $29.00 to $31.50 and gave the stock a “buy” rating in a research note on Monday, March 23rd. Scotiabank cut their target price on AT&T from $31.50 to $31.00 and set a “sector perform” rating for the company in a research report on Thursday, April 23rd. Royal Bank Of Canada reissued an “outperform” rating and set a $31.00 target price on shares of AT&T in a report on Wednesday, May 20th. Morgan Stanley initiated coverage on AT&T in a research report on Thursday, April 16th. They issued an “overweight” rating and a $30.00 price target on the stock. Finally, Wall Street Zen raised AT&T from a “sell” rating to a “hold” rating in a research note on Saturday. One 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 stock. Based on data from MarketBeat.com, AT&T currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.55.

Trending Headlines about AT&T

Here are the key news stories impacting AT&T this week:

• Positive Sentiment: AT&T Fiber received strong validation in a new Opensignal report, earning 107 wins across speed, reliability, video, and consistency categories and outperforming competitors in many metro markets. This supports the company’s broadband growth story and may help sentiment around the fiber business. Article
• Neutral Sentiment: AT&T is getting increased investor attention, according to Zacks, but the note does not point to a specific new catalyst; it mainly reflects elevated interest in the name. Article
• Negative Sentiment: California asked a court and the FCC to block AT&T’s request to stop offering traditional copper-wire phone service to new customers, highlighting regulatory resistance to AT&T’s network transition plans. That could delay the company’s cost-cutting and modernization efforts. Article
• Negative Sentiment: Related reports say AT&T wants to cancel wireline phone service for about 199,000 people, but California’s pushback suggests this plan could face hurdles, adding uncertainty around the copper-network exit. Article

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.