Stratos Wealth Partners LTD. Sells 33,473 Shares of AT&T Inc. $T

Stratos Wealth Partners LTD. decreased its holdings in shares of AT&T Inc. (NYSE:T) by 11.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 270,541 shares of the technology company’s stock after selling 33,473 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in AT&T were worth $7,640,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Denali Advisors LLC boosted its holdings in shares of AT&T by 5.9% in the second quarter. Denali Advisors LLC now owns 401,037 shares of the technology company’s stock valued at $11,606,000 after purchasing an additional 22,394 shares during the period. Csenge Advisory Group grew its position in shares of AT&T by 20.3% during the 3rd quarter. Csenge Advisory Group now owns 189,293 shares of the technology company’s stock worth $5,346,000 after buying an additional 31,935 shares in the last quarter. Tredje AP fonden increased its stake in shares of AT&T by 1.8% during the second quarter. Tredje AP fonden now owns 1,221,395 shares of the technology company’s stock valued at $35,347,000 after buying an additional 21,720 shares during the period. Sentry Investment Management LLC raised its holdings in shares of AT&T by 153.2% in the second quarter. Sentry Investment Management LLC now owns 22,095 shares of the technology company’s stock valued at $625,000 after acquiring an additional 13,370 shares in the last quarter. Finally, Wealthfront Advisers LLC lifted its stake in AT&T by 4.9% in the third quarter. Wealthfront Advisers LLC now owns 1,411,031 shares of the technology company’s stock worth $39,848,000 after acquiring an additional 66,448 shares during the period. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on T. KeyCorp restated an “overweight” rating on shares of AT&T in a report on Wednesday, January 21st. The Goldman Sachs Group cut their price objective on shares of AT&T from $33.00 to $29.00 and set a “buy” rating on the stock in a report on Friday, December 19th. Loop Capital set a $29.00 target price on AT&T in a report on Friday, December 19th. TD Cowen reaffirmed a “hold” rating on shares of AT&T in a research report on Thursday, January 29th. Finally, Scotiabank reissued a “sector perform” rating and issued a $29.50 price target on shares of AT&T in a research report on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, AT&T presently has an average rating of “Moderate Buy” and a consensus price target of $29.83.

AT&T Stock Performance

Shares of T opened at $28.45 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.86 and a debt-to-equity ratio of 1.00. The firm has a market cap of $201.69 billion, a PE ratio of 9.33, a P/E/G ratio of 1.02 and a beta of 0.39. AT&T Inc. has a 12 month low of $22.95 and a 12 month high of $29.79. The stock has a fifty day moving average price of $24.74 and a 200-day moving average price of $26.32.

AT&T (NYSE:T) last announced its earnings results on Wednesday, January 28th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company posted $0.43 EPS. The firm’s quarterly revenue 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. Equities research analysts predict that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 2nd. Investors of record on Monday, January 12th were paid a $0.2775 dividend. The ex-dividend date was Monday, January 12th. This represents a $1.11 dividend on an annualized basis and a yield of 3.9%. AT&T’s dividend payout ratio (DPR) is 36.39%.

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.