Metis Global Partners LLC Sells 28,340 Shares of AT&T Inc. $T

Metis Global Partners LLC cut its holdings in AT&T Inc. (NYSE:T) by 8.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 317,838 shares of the technology company’s stock after selling 28,340 shares during the period. Metis Global Partners LLC’s holdings in AT&T were worth $8,976,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of T. Front Row Advisors LLC purchased a new stake in shares of AT&T during the second quarter worth $25,000. Mountain Hill Investment Partners Corp. grew its position in shares of AT&T by 363.7% in the third 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 in the last quarter. Solstein Capital LLC raised its stake in shares of AT&T by 217.3% during the 2nd quarter. Solstein Capital LLC now owns 952 shares of the technology company’s stock valued at $28,000 after purchasing an additional 652 shares during the period. Curio Wealth LLC raised its stake in shares of AT&T by 26,100.0% during the 2nd quarter. Curio Wealth LLC now owns 1,048 shares of the technology company’s stock valued at $30,000 after purchasing an additional 1,044 shares during the period. Finally, Cloud Capital Management LLC purchased a new stake in AT&T during the 3rd quarter worth about $31,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on T shares. KeyCorp reaffirmed an “overweight” rating on shares of AT&T in a report on Wednesday, January 21st. Williams Trading set a $32.00 price objective on shares of AT&T in a research report on Thursday, January 29th. Arete Research set a $20.00 price objective on shares of AT&T in a research note on Tuesday, January 6th. Morgan Stanley lowered their target price on shares of AT&T from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 10th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $31.00 price target on shares of AT&T in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.93.

AT&T Stock Up 1.2%

Shares of NYSE:T opened at $28.82 on Friday. The firm has a market capitalization of $201.72 billion, a PE ratio of 9.45, a price-to-earnings-growth ratio of 1.06 and a beta of 0.39. 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 firm has a fifty day moving average of $24.81 and a 200 day moving average of $26.34.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, January 28th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $33.47 billion during the quarter, compared to analyst estimates of $32.91 billion. During the same quarter in the previous year, the company posted $0.43 earnings per share. The company’s 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. As a group, research analysts anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 2nd. Investors of record on Monday, January 12th were given 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 payout ratio is presently 36.39%.

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.