AT&T Inc. $T Stock Sold by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. reduced its AT&T stake by 1.4% in the third quarter, selling 186,457 shares and retaining 12.8 million shares worth approximately $312.3 million. Institutional investors collectively own 57.1% of AT&T.
• AT&T reported quarterly EPS of $0.65, exceeding estimates of $0.59, while revenue rose 2.3% year over year to $31.56 billion. The company also declared a quarterly dividend of $0.2775, representing a 4.7% annualized yield.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $29.05, above the recent share price of $23.41; recent upgrades included Morgan Stanley, BNP Paribas Exane, and Wolfe Research.

Robeco Institutional Asset Management B.V. reduced its position in AT&T Inc. (NYSE:T - Free Report) by 1.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,799,816 shares of the technology company's stock after selling 186,457 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.19% of AT&T worth $312,316,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Capital Management Associates Inc purchased a new position in shares of AT&T in the third quarter worth about $226,000. Lakeshore Capital Group Inc. grew its position in AT&T by 10.5% during the 3rd quarter. Lakeshore Capital Group Inc. now owns 37,369 shares of the technology company's stock worth $912,000 after acquiring an additional 3,557 shares during the last quarter. LCM Capital Management Inc bought a new position in AT&T during the 3rd quarter worth approximately $219,000. MBM Wealth Consultants LLC grew its position in AT&T by 20.5% during the 3rd quarter. MBM Wealth Consultants LLC now owns 31,070 shares of the technology company's stock worth $758,000 after acquiring an additional 5,283 shares during the last quarter. Finally, 55 North Private Wealth LLC increased its stake in AT&T by 37.8% in the 3rd quarter. 55 North Private Wealth LLC now owns 15,651 shares of the technology company's stock worth $382,000 after purchasing an additional 4,297 shares during the period. 57.10% of the stock is currently owned by institutional investors.

AT&T Price Performance

Shares of T stock opened at $23.41 on Wednesday. The firm has a market cap of $160.44 billion, a P/E ratio of 7.75, a P/E/G ratio of 1.13 and a beta of 0.25. AT&T Inc. has a fifty-two week low of $19.89 and a fifty-two week high of $29.43. The business's 50 day moving average price is $24.94 and its 200-day moving average price is $24.33. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.93 and a current ratio of 0.97.

AT&T (NYSE:T - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.06. The firm had revenue of $31.56 billion for the quarter, compared to analysts' expectations of $31.80 billion. AT&T had a return on equity of 12.86% and a net margin of 16.94%. The business's revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.54 earnings per share. On average, equities research analysts anticipate that AT&T Inc. will post 2.33 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Monday, October 12th will be issued a $0.2775 dividend. The ex-dividend date is Friday, October 9th. This represents a $1.11 annualized dividend and a yield of 4.7%. AT&T's payout ratio is 36.75%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Morgan Stanley boosted their price objective on AT&T from $27.00 to $28.00 and gave the company an "overweight" rating in a research report on Monday, September 28th. BNP Paribas Exane upgraded shares of AT&T from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $26.00 to $30.00 in a report on Monday, September 21st. Argus decreased their target price on shares of AT&T from $33.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, July 23rd. TD Cowen lifted their target price on shares of AT&T from $32.00 to $33.00 and gave the stock a "hold" rating in a research note on Thursday, July 23rd. Finally, Wolfe Research upgraded shares of AT&T from a "peer perform" rating to an "outperform" rating and set a $29.00 price target for the company in a report on Thursday, July 23rd. Eleven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, AT&T currently has a consensus rating of "Moderate Buy" and a consensus price target of $29.05.

Trending Headlines about AT&T

Here are the key news stories impacting AT&T this week:

• Positive Sentiment: Wall Street analysts have an average price target of approximately $29.05, well above AT&T’s recent trading level, suggesting potential upside if the company delivers an in-line or stronger-than-expected quarter. AT&T Inc. Stock Has Average Target Price of $29.05 According to Brokerages
• Positive Sentiment: AT&T is expanding its customer guarantee, including faster technical support, in an effort to improve service quality and retention as it competes with rivals. Better customer experience could support churn trends and recurring revenue. AT&T expands promises to customers as it trails rivals
• Positive Sentiment: A multiyear extension with the NBA and WNBA and the launch of a fourth-generation High-Speed Arena Network reinforce AT&T’s role as a connectivity partner and showcase its enterprise-network capabilities. AT&T, NBA and WNBA Launch Next-Generation Network
• Positive Sentiment: AT&T continues to appeal to income-focused investors, with reports highlighting its roughly 4.6% yield and stated intention to maintain its dividend at $1, potentially supporting valuation if cash flow remains steady. Better Dividend Stock for Retirees: AT&T vs. Comcast

About AT&T

AT&T Inc NYSE: T is a telecommunications company that provides wireless communications, broadband, and related connectivity services. Its offerings include mobile voice and data plans, internet access, fiber broadband, fixed wireless services, and business communications solutions.

The company serves consumers, businesses, government agencies, and other organizations primarily in the United States. AT&T’s business operations include wireless network services, wireline connectivity, fiber-optic internet, voice services, and networking solutions designed to connect locations, devices, and applications.

AT&T traces its history to the Bell System and has operated under its current corporate name since 2005, following the acquisition of AT&T Corp.

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