Boothbay Fund Management LLC Has $34.93 Million Stake in AT&T Inc. $T

Boothbay Fund Management LLC decreased its holdings in shares of AT&T Inc. (NYSE:TFree Report) by 8.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,236,733 shares of the technology company’s stock after selling 108,193 shares during the period. AT&T comprises approximately 0.5% of Boothbay Fund Management LLC’s holdings, making the stock its 8th largest position. Boothbay Fund Management LLC’s holdings in AT&T were worth $34,925,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Front Row Advisors LLC acquired a new position in shares of AT&T during the second quarter valued at about $25,000. Mountain Hill Investment Partners Corp. raised its holdings in shares of AT&T by 363.7% in the 3rd quarter. Mountain Hill Investment Partners Corp. now owns 895 shares of the technology company’s stock worth $25,000 after acquiring an additional 702 shares during the last quarter. GGM Financials LLC bought a new position in AT&T in the 3rd quarter valued at about $25,000. Cloud Capital Management LLC bought a new position in AT&T in the 3rd quarter valued at about $31,000. Finally, Kilter Group LLC acquired a new position in AT&T during the 2nd quarter valued at about $32,000. 57.10% of the stock is owned by institutional investors.

AT&T Stock Performance

Shares of AT&T stock opened at $27.73 on Friday. The business’s fifty day simple moving average is $26.31 and its 200 day simple moving average is $26.30. 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 Inc. has a 12 month low of $22.95 and a 12 month high of $29.79. The firm has a market capitalization of $194.15 billion, a P/E ratio of 9.09, a price-to-earnings-growth ratio of 1.03 and a beta of 0.39.

AT&T (NYSE:TGet Free Report) last announced its quarterly earnings data on Wednesday, January 28th. The technology company reported $0.52 earnings per share (EPS) 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 firm had revenue of $33.47 billion during the quarter, compared to the consensus estimate of $32.91 billion. During the same quarter in the prior year, the company earned $0.43 EPS. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 2nd. Investors of record on Monday, January 12th were given a dividend of $0.2775 per share. The ex-dividend date was Monday, January 12th. This represents a $1.11 annualized dividend and a yield of 4.0%. AT&T’s dividend payout ratio is presently 36.39%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Citigroup dropped their target price on AT&T from $32.00 to $29.00 and set a “buy” rating on the stock in a report on Monday, December 22nd. Arete Research upgraded AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price target for the company in a report on Tuesday, March 10th. Weiss Ratings reissued a “buy (b-)” rating on shares of AT&T in a research report on Monday, December 29th. Wolfe Research cut AT&T from an “outperform” rating to a “peer perform” rating in a research note on Monday, December 15th. Finally, Oppenheimer lifted their price objective on shares of AT&T from $29.00 to $32.00 and gave the stock an “outperform” rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $30.35.

Read Our Latest Stock Analysis on AT&T

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AT&T Company 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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