AT&T (NYSE:T) Shares Unloaded Rep. David Taylor

Representative David Taylor (R-Ohio) recently sold shares of AT&T Inc. (NYSE:T). In a filing disclosed on April 03rd, the Representative disclosed that they had sold between $1,001 and $15,000 in AT&T stock on March 10th. The trade occurred in the Representative’s “DAVID TAYLOR TRUST > SCHWAB JOINT BROKERAGE #1 (HOME GROWN)” account.

Representative David Taylor also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 3/27/2025.
• Purchased $1,001 – $15,000 in shares of Parker-Hannifin (NYSE:PH) on 3/10/2025.
• Purchased $1,001 – $15,000 in shares of JPMorgan Chase & Co. (NYSE:JPM) on 3/10/2025.
• Purchased $1,001 – $15,000 in shares of Eaton (NYSE:ETN) on 3/10/2025.
• Sold $1,001 – $15,000 in shares of American Electric Power (NASDAQ:AEP) on 3/10/2025.
• Sold $1,001 – $15,000 in shares of J. M. Smucker (NYSE:SJM) on 2/20/2025.
• Purchased $1,001 – $15,000 in shares of Kroger (NYSE:KR) on 2/20/2025.
• Purchased $1,001 – $15,000 in shares of Procter & Gamble (NYSE:PG) on 2/10/2025.
• Purchased $1,001 – $15,000 in shares of J. M. Smucker (NYSE:SJM) on 2/10/2025.
• Purchased $1,001 – $15,000 in shares of Installed Building Products (NYSE:IBP) on 2/5/2025.

AT&T Stock Down 6.8 %

Shares of T opened at $26.65 on Friday. AT&T Inc. has a 12-month low of $15.94 and a 12-month high of $29.03. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $191.27 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42. The business’s 50 day moving average is $26.26 and its 200 day moving average is $23.75.

AT&T (NYSE:T) last issued its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Research analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be given a $0.2775 dividend. The ex-dividend date is Thursday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.17%. AT&T’s payout ratio is 74.50%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Paloma Partners Management Co raised its position in AT&T by 141.8% during the third quarter. Paloma Partners Management Co now owns 31,038 shares of the technology company’s stock worth $683,000 after acquiring an additional 105,338 shares during the period. Benjamin Edwards Inc. lifted its holdings in AT&T by 1,855.5% in the 3rd quarter. Benjamin Edwards Inc. now owns 92,810 shares of the technology company’s stock valued at $2,042,000 after purchasing an additional 88,064 shares in the last quarter. HighTower Advisors LLC boosted its stake in AT&T by 9.2% during the 3rd quarter. HighTower Advisors LLC now owns 2,477,287 shares of the technology company’s stock worth $54,509,000 after purchasing an additional 208,775 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of AT&T by 24.5% during the third quarter. Janus Henderson Group PLC now owns 701,054 shares of the technology company’s stock worth $15,413,000 after buying an additional 138,100 shares in the last quarter. Finally, Pingora Partners LLC grew its stake in AT&T by 1.4% during the 3rd quarter. Pingora Partners LLC now owns 141,443 shares of the technology company’s stock valued at $3,112,000 after acquiring an additional 2,000 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on T. Argus upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Thursday, January 16th. Morgan Stanley raised AT&T from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $19.00 to $28.00 in a research report on Monday, December 16th. UBS Group lifted their price objective on shares of AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Royal Bank of Canada raised their target price on shares of AT&T from $27.00 to $28.00 and gave the stock an “outperform” rating in a report on Wednesday, March 19th. Finally, Oppenheimer lifted their price target on shares of AT&T from $27.00 to $32.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, AT&T has an average rating of “Moderate Buy” and a consensus price target of $27.21.

About Representative Taylor

David Taylor (Republican Party) is a member of the U.S. House, representing Ohio’s 2nd Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Taylor (Republican Party) ran for election to the U.S. House to represent Ohio’s 2nd Congressional District. He won in the general election on November 5, 2024.

David Taylor graduated from Amelia High School. Taylor earned degrees from Miami University (Ohio) and the University of Dayton School of Law. Taylor’s career experience includes working as an attorney and as a businessman at Sardinia Ready Mix, Inc.

About AT&T

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.