AT&T Inc. $T is Vestcor Inc's 9th Largest Position

Key Points

• Vestcor Inc. trimmed its stake in AT&T by 3.5% in Q3 to 1,174,659 shares worth $33.17M, leaving AT&T as its 9th-largest holding; about 57.1% of the stock is owned by institutional investors.
• AT&T beat expectations in the most recent quarter with EPS $0.52 vs. $0.46 est. and revenue of $33.47B vs. $32.91B, and set FY2026 guidance of $2.25–$2.35 EPS (analysts forecast ~2.14 EPS for the current fiscal year).
• AT&T pays an annualized dividend of $1.11 (a yield of ~3.9%) with a payout ratio around 36%, while analyst sentiment is a "Moderate Buy" with a consensus target near $29.93.

Vestcor Inc decreased its position in AT&T Inc. (NYSE:T - Free Report) by 3.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,174,659 shares of the technology company's stock after selling 42,835 shares during the period. AT&T comprises approximately 1.0% of Vestcor Inc's portfolio, making the stock its 9th biggest holding. Vestcor Inc's holdings in AT&T were worth $33,172,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Fieldview Capital Management LLC increased its holdings in AT&T by 63.2% in the 3rd quarter. Fieldview Capital Management LLC now owns 125,936 shares of the technology company's stock worth $3,556,000 after acquiring an additional 48,747 shares during the last quarter. Inceptionr LLC raised its stake in AT&T by 52.8% in the 3rd quarter. Inceptionr LLC now owns 24,328 shares of the technology company's stock valued at $687,000 after acquiring an additional 8,402 shares during the period. Gerber Kawasaki Wealth & Investment Management lifted its holdings in AT&T by 20.4% during the third quarter. Gerber Kawasaki Wealth & Investment Management now owns 11,633 shares of the technology company's stock valued at $329,000 after purchasing an additional 1,975 shares during the last quarter. Private Advisor Group LLC boosted its position in AT&T by 0.5% during the third quarter. Private Advisor Group LLC now owns 686,976 shares of the technology company's stock worth $19,400,000 after purchasing an additional 3,153 shares during the period. Finally, Certified Advisory Corp boosted its position in AT&T by 2.1% during the third quarter. Certified Advisory Corp now owns 34,101 shares of the technology company's stock worth $963,000 after purchasing an additional 703 shares during the period. 57.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

T has been the topic of several research reports. Wells Fargo & Company lowered their price target on shares of AT&T from $29.00 to $27.00 and set an "overweight" rating on the stock in a research report on Monday, January 26th. UBS Group reaffirmed a "buy" rating on shares of AT&T in a report on Thursday, January 29th. Barclays reduced their price objective on shares of AT&T from $28.00 to $26.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 13th. TD Cowen restated a "hold" rating on shares of AT&T in a research report on Thursday, January 29th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $31.00 price target on shares of AT&T in a report on Thursday, February 12th. One 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 company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $29.93.

AT&T Stock Performance

NYSE T opened at $28.65 on Monday. AT&T Inc. has a 52-week low of $22.95 and a 52-week high of $29.79. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.86 and a current ratio of 0.91. The company has a market capitalization of $200.57 billion, a P/E ratio of 9.39, a P/E/G ratio of 1.07 and a beta of 0.39. The company has a fifty day moving average of $26.04 and a 200-day moving average of $26.33.

AT&T (NYSE:T - Get Free Report) last released its earnings results on Wednesday, January 28th. The technology company reported $0.52 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 business had revenue of $33.47 billion for the quarter, compared to analysts' expectations of $32.91 billion. During the same quarter in the prior year, the firm earned $0.43 earnings per share. The firm's revenue 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, equities research analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Monday, January 12th were issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Monday, January 12th. AT&T's dividend payout ratio is presently 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.

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