AT&T Inc. $T Position Reduced by Principal Financial Group Inc.

Key Points

• Principal Financial Group reduced its AT&T stake by 2.1% in the second quarter, selling 175,868 shares and retaining 8.11 million shares valued at approximately $168 million. Institutional investors collectively own 57.1% of AT&T.
• AT&T reported quarterly EPS of $0.65, beating estimates of $0.59, while revenue rose 2.3% year over year to $31.56 billion but fell short of consensus expectations.
• The company pays a quarterly dividend of $0.2775 per share, equating to an annualized 4.4% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $29.19, above the reported opening price of $25.17.

Principal Financial Group Inc. reduced its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 2.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,114,304 shares of the technology company's stock after selling 175,868 shares during the period. Principal Financial Group Inc. owned about 0.12% of AT&T worth $167,966,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Tsfg LLC raised its stake in shares of 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 purchasing an additional 366 shares in the last quarter. Lifestyle Asset Management Inc. grew its stake in AT&T by 3.6% in the fourth quarter. Lifestyle Asset Management Inc. now owns 10,511 shares of the technology company's stock worth $261,000 after purchasing an additional 368 shares in the last quarter. Hillsdale Investment Management Inc. grew its stake in AT&T by 1.2% in the fourth quarter. Hillsdale Investment Management Inc. now owns 31,970 shares of the technology company's stock worth $794,000 after purchasing an additional 370 shares in the last quarter. Bruce G. Allen Investments LLC grew its stake in AT&T by 1.7% in the fourth quarter. Bruce G. Allen Investments LLC now owns 22,398 shares of the technology company's stock worth $556,000 after purchasing an additional 374 shares in the last quarter. Finally, Rockline Wealth Management LLC increased its holdings in AT&T by 3.8% in the fourth quarter. Rockline Wealth Management LLC now owns 10,445 shares of the technology company's stock valued at $259,000 after buying an additional 378 shares during the last quarter. Institutional investors own 57.10% of the company's stock.

AT&T Price Performance

T opened at $25.17 on Thursday. The firm has a market cap of $172.45 billion, a price-to-earnings ratio of 8.33, a price-to-earnings-growth ratio of 1.01 and a beta of 0.23. AT&T Inc. has a fifty-two week low of $19.89 and a fifty-two week high of $29.79. The company's 50-day moving average price is $22.75 and its 200 day moving average price is $25.28. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 1.06.

AT&T (NYSE:T - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.59 by $0.06. AT&T had a return on equity of 12.86% and a net margin of 16.94%.The company had revenue of $31.56 billion during the quarter, compared to the consensus estimate of $31.80 billion. During the same period in the previous year, the firm posted $0.54 earnings per share. AT&T's quarterly revenue was up 2.3% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, sell-side analysts expect that AT&T Inc. will post 2.34 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were given a dividend of $0.2775 per share. The ex-dividend date was Friday, July 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.4%. AT&T's payout ratio is currently 36.75%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Morgan Stanley upped their price objective on AT&T from $25.00 to $27.00 and gave the company an "overweight" rating in a research note on Thursday, July 23rd. Barclays lowered their price target on AT&T from $26.00 to $24.00 and set an "equal weight" rating for the company in a report on Wednesday, July 8th. Weiss Ratings raised AT&T from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, August 3rd. Royal Bank Of Canada reduced their price objective on AT&T from $31.00 to $27.00 and set an "outperform" rating on the stock in a research note on Monday, July 20th. Finally, Scotiabank decreased their price objective on shares of AT&T from $31.00 to $29.25 and set a "sector perform" rating for the company in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $29.19.

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.

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