AT&T Inc. $T Shares Sold by State of Alaska Department of Revenue

Key Points

• State of Alaska Department of Revenue trimmed its AT&T stake by 5.8%, selling 60,825 shares in Q4 and now holds 984,578 shares worth $24.46 million.
• AT&T beat Q results with $0.52 EPS (vs. $0.46 est.) and $33.47B revenue, set FY2026 guidance of $2.25–$2.35 EPS, declared a $0.2775 quarterly dividend (4.2% yield), and trades with a consensus "Moderate Buy" price target of $30.74.

State of Alaska Department of Revenue decreased its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 5.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 984,578 shares of the technology company's stock after selling 60,825 shares during the quarter. State of Alaska Department of Revenue's holdings in AT&T were worth $24,456,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Front Row Advisors LLC acquired a new stake in AT&T during the second quarter worth $25,000. Mountain Hill Investment Partners Corp. grew its stake 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 buying an additional 702 shares in the last quarter. GGM Financials LLC acquired a new stake in shares of AT&T in the third quarter valued at $25,000. Cloud Capital Management LLC acquired a new stake in shares of AT&T in the third quarter valued at $31,000. Finally, Clayton Financial Group LLC grew its stake in shares of AT&T by 205.2% in the fourth quarter. Clayton Financial Group LLC now owns 1,517 shares of the technology company's stock valued at $38,000 after buying an additional 1,020 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Oppenheimer lifted their price objective on AT&T from $29.00 to $32.00 and gave the company an "outperform" rating in a research note on Wednesday, March 11th. Wells Fargo & Company decreased their target price on AT&T from $29.00 to $27.00 and set an "overweight" rating for the company in a report on Monday, January 26th. Loop Capital set a $29.00 target price on AT&T in a report on Friday, December 19th. TD Cowen reiterated a "hold" rating on shares of AT&T in a report on Thursday, January 29th. Finally, KeyCorp lifted their target price on AT&T from $30.00 to $36.00 and gave the company an "overweight" rating in a report on Wednesday, March 25th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, AT&T has an average rating of "Moderate Buy" and an average price target of $30.74.

AT&T Trading Up 0.0%

NYSE:T opened at $26.47 on Monday. The firm has a market cap of $184.88 billion, a PE ratio of 8.68, a price-to-earnings-growth ratio of 0.99 and a beta of 0.34. The stock has a fifty day moving average price of $28.01 and a 200 day moving average price of $26.14. AT&T Inc. has a 12-month low of $22.95 and a 12-month high of $29.79. 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 (NYSE:T - Get Free Report) last announced its quarterly earnings results on Wednesday, January 28th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.46 by $0.06. The company had revenue of $33.47 billion during the quarter, compared to the consensus estimate of $32.91 billion. AT&T had a return on equity of 12.33% and a net margin of 17.47%.AT&T's revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.43 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Sell-side analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, April 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Friday, April 10th. AT&T's payout ratio is 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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