Ritholtz Wealth Management Cuts Position in AT&T Inc. $T

Key Points

• Ritholtz Wealth Management trimmed its AT&T stake by 23.3% in Q4, selling 66,025 shares and ending the period with 216,742 shares worth about $5.38 million.
• AT&T beat quarterly estimates with $0.52 EPS (vs. $0.46) and $33.47 billion revenue, set FY2026 guidance of $2.25–$2.35 EPS, and carries an average analyst price target of $30.74 with a "Moderate Buy" consensus.
• AT&T declared a quarterly dividend of $0.2775 (annualized $1.11), implying a ~4.2% yield; the ex-dividend date is April 10 and the payment date is May 1.

Ritholtz Wealth Management trimmed its position in shares of AT&T Inc. (NYSE:T - Free Report) by 23.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 216,742 shares of the technology company's stock after selling 66,025 shares during the period. Ritholtz Wealth Management's holdings in AT&T were worth $5,384,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in T. Brighton Jones LLC increased its stake in shares of AT&T by 26.5% during the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company's stock worth $1,106,000 after buying an additional 10,188 shares during the period. Investment House LLC increased its stake in shares of AT&T by 1.7% during the second quarter. Investment House LLC now owns 61,444 shares of the technology company's stock worth $1,778,000 after buying an additional 1,000 shares during the period. FAS Wealth Partners Inc. increased its stake in shares of AT&T by 2.4% during the second quarter. FAS Wealth Partners Inc. now owns 33,726 shares of the technology company's stock worth $976,000 after buying an additional 781 shares during the period. Glenview Trust co increased its stake in shares of AT&T by 32.3% during the second quarter. Glenview Trust co now owns 128,730 shares of the technology company's stock worth $3,725,000 after buying an additional 31,409 shares during the period. Finally, Osterweis Capital Management Inc. increased its stake in AT&T by 4,352.9% in the second quarter. Osterweis Capital Management Inc. now owns 6,234 shares of the technology company's stock valued at $180,000 after purchasing an additional 6,094 shares during the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Stock Performance

NYSE:T opened at $26.47 on Friday. AT&T Inc. has a 1-year low of $22.95 and a 1-year high of $29.79. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.91 and a quick ratio of 0.86. The firm's fifty day moving average price is $28.01 and its 200 day moving average price is $26.17. The firm has a market cap of $184.88 billion, a price-to-earnings ratio of 8.68, a price-to-earnings-growth ratio of 1.01 and a beta of 0.34.

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 company had revenue of $33.47 billion during the quarter, compared to the consensus estimate of $32.91 billion. During the same quarter last year, the company earned $0.43 earnings per share. AT&T's quarterly revenue was up 3.6% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, sell-side analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, April 10th will be issued a $0.2775 dividend. The ex-dividend date of this dividend is Friday, April 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.2%. AT&T's dividend payout ratio (DPR) is 36.39%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. KeyCorp increased their price target on shares of AT&T from $30.00 to $36.00 and gave the company an "overweight" rating in a research note on Wednesday, March 25th. Williams Trading set a $32.00 price target on shares of AT&T in a research note on Thursday, January 29th. Loop Capital set a $29.00 price target on shares of AT&T in a research note on Friday, December 19th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $31.00 price target on shares of AT&T in a research note on Thursday, February 12th. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of AT&T in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $30.74.

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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