NS Partners Ltd Sells 743,636 Shares of AT&T Inc. $T

Key Points

• NS Partners Ltd reduced its AT&T stake by 59.8% in the second quarter, selling 743,636 shares and retaining 499,579 shares valued at approximately $10.34 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. The company also maintains a $0.2775 quarterly dividend, equivalent to a 4.3% yield.
• Analyst sentiment remains moderately bullish, with a consensus rating of “Moderate Buy” and an average price target of $29.19, compared with the stock’s reported opening price of $25.92.

NS Partners Ltd cut its stake in AT&T Inc. (NYSE:T - Free Report) by 59.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 499,579 shares of the technology company's stock after selling 743,636 shares during the quarter. NS Partners Ltd's holdings in AT&T were worth $10,341,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in T. State Street Corp lifted its holdings in shares of AT&T by 2.6% in the fourth quarter. State Street Corp now owns 332,089,723 shares of the technology company's stock worth $8,249,109,000 after buying an additional 8,314,678 shares in the last quarter. Bank of America Corp DE grew its stake in AT&T by 4.6% during the first quarter. Bank of America Corp DE now owns 125,191,700 shares of the technology company's stock valued at $3,629,307,000 after acquiring an additional 5,449,222 shares in the last quarter. Norges Bank bought a new stake in AT&T during the 4th quarter worth approximately $2,181,977,000. Bank of New York Mellon Corp lifted its stake in AT&T by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 75,323,574 shares of the technology company's stock worth $1,559,198,000 after purchasing an additional 2,559,065 shares in the last quarter. Finally, GQG Partners LLC bought a new position in AT&T in the 2nd quarter valued at $1,223,364,000. 57.10% of the stock is currently owned by institutional investors.

AT&T Price Performance

T opened at $25.92 on Tuesday. 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 Inc. has a 52-week low of $19.89 and a 52-week high of $29.79. The stock has a market capitalization of $177.61 billion, a PE ratio of 8.58, a price-to-earnings-growth ratio of 1.06 and a beta of 0.23. The stock's 50 day moving average price is $23.22 and its 200-day moving average price is $25.21.

AT&T (NYSE:T - Get Free Report) last released 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 analysts' expectations of $31.80 billion. During the same quarter last year, the business posted $0.54 EPS. The firm's revenue for the quarter 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. On average, equities research analysts predict that AT&T Inc. will post 2.34 EPS for the current year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Friday, July 10th. AT&T's payout ratio is 36.75%.

Analyst Upgrades and Downgrades

T has been the subject of a number of recent analyst reports. 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 research report on Thursday, July 23rd. The Goldman Sachs Group set a $30.00 price objective on AT&T in a research note on Wednesday, July 22nd. Scotiabank decreased their target price on AT&T from $31.00 to $29.25 and set a "sector perform" rating on the stock in a research note on Wednesday, July 15th. TD Cowen lifted their price target on AT&T from $32.00 to $33.00 and gave the company a "hold" rating in a research report on Thursday, July 23rd. Finally, Wells Fargo & Company boosted their price objective on AT&T from $18.00 to $20.00 and gave the stock an "underweight" rating in a report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, AT&T presently has a consensus rating of "Moderate Buy" and an average target price of $29.19.

About AT&T

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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