Florida Financial Advisors LLC Has $305,000 Stock Position in AT&T Inc. $T

Florida Financial Advisors LLC decreased its position in AT&T Inc. (NYSE:T) by 86.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 12,415 shares of the technology company’s stock after selling 78,870 shares during the period. Florida Financial Advisors LLC’s holdings in AT&T were worth $305,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Tsfg LLC lifted its position in AT&T by 3.6% in the 4th quarter. Tsfg LLC now owns 10,656 shares of the technology company’s stock valued at $265,000 after acquiring an additional 366 shares in the last quarter. Hillsdale Investment Management Inc. lifted its position in AT&T by 1.2% in the 4th quarter. Hillsdale Investment Management Inc. now owns 31,970 shares of the technology company’s stock valued at $794,000 after acquiring an additional 370 shares in the last quarter. Rockline Wealth Management LLC lifted its position in AT&T by 3.8% in the 4th quarter. Rockline Wealth Management LLC now owns 10,445 shares of the technology company’s stock valued at $259,000 after acquiring an additional 378 shares in the last quarter. Aspire Growth Partners LLC lifted its position in AT&T by 1.1% in the 4th quarter. Aspire Growth Partners LLC now owns 36,790 shares of the technology company’s stock valued at $914,000 after acquiring an additional 386 shares in the last quarter. Finally, Gentry Private Wealth LLC lifted its position in AT&T by 1.7% in the 3rd quarter. Gentry Private Wealth LLC now owns 23,537 shares of the technology company’s stock valued at $665,000 after acquiring an additional 393 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Down 1.2%

Shares of T opened at $24.50 on Tuesday. AT&T Inc. has a 52 week low of $22.95 and a 52 week high of $29.79. The firm has a market cap of $170.22 billion, a P/E ratio of 8.22, a price-to-earnings-growth ratio of 0.90 and a beta of 0.21. The firm’s 50-day simple moving average is $26.32 and its 200 day simple moving average is $26.01. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.87 and a current ratio of 0.92.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 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 analyst estimates of $31.29 billion. During the same quarter in the prior year, the business earned $0.51 EPS. AT&T’s quarterly revenue was up 2.9% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, analysts forecast that AT&T Inc. will post 2.31 earnings per share for the current year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Friday, April 10th were issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend was Friday, April 10th. AT&T’s dividend payout ratio is 37.25%.

Analysts Set New Price Targets

Several research firms recently commented on T. KeyCorp boosted their price objective on shares of AT&T from $30.00 to $36.00 and gave the company an “overweight” rating in a research report on Wednesday, March 25th. Arete Research raised shares of AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price objective on the stock in a research report on Tuesday, March 10th. Morgan Stanley initiated coverage on shares of AT&T in a research note on Thursday, April 16th. They issued an “overweight” rating and a $30.00 price target on the stock. Oppenheimer lifted their price target on shares of AT&T from $29.00 to $32.00 and gave the company an “outperform” rating in a research note on Wednesday, March 11th. Finally, Scotiabank lowered their price target on shares of AT&T from $31.50 to $31.00 and set a “sector perform” rating on the stock in a research note on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $30.55.

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.