IFP Advisors Inc Has $8.01 Million Stock Holdings in AT&T Inc. $T

IFP Advisors Inc raised its position in AT&T Inc. (NYSE:TFree Report) by 8.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 322,545 shares of the technology company’s stock after acquiring an additional 26,358 shares during the period. IFP Advisors Inc’s holdings in AT&T were worth $8,012,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of T. Rhumbline Advisers raised its stake in shares of AT&T by 0.4% during the 3rd quarter. Rhumbline Advisers now owns 12,810,872 shares of the technology company’s stock worth $361,779,000 after purchasing an additional 49,727 shares in the last quarter. Wealthfront Advisers LLC raised its stake in shares of AT&T by 4.9% during the 3rd quarter. Wealthfront Advisers LLC now owns 1,411,031 shares of the technology company’s stock worth $39,848,000 after purchasing an additional 66,448 shares in the last quarter. Public Sector Pension Investment Board raised its stake in shares of AT&T by 140.8% during the 3rd quarter. Public Sector Pension Investment Board now owns 2,888,630 shares of the technology company’s stock worth $81,575,000 after purchasing an additional 1,689,073 shares in the last quarter. Annex Advisory Services LLC raised its stake in shares of AT&T by 749.1% during the 4th quarter. Annex Advisory Services LLC now owns 159,598 shares of the technology company’s stock worth $3,964,000 after purchasing an additional 140,802 shares in the last quarter. Finally, World Investment Advisors raised its stake in shares of AT&T by 85.0% during the 4th quarter. World Investment Advisors now owns 338,942 shares of the technology company’s stock worth $8,419,000 after purchasing an additional 155,728 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T News Roundup

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

AT&T Stock Up 2.1%

T opened at $24.93 on Wednesday. AT&T Inc. has a 1-year low of $22.95 and a 1-year high of $29.79. The stock’s fifty day simple moving average is $26.79 and its 200 day simple moving average is $26.00. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 1.05. The stock has a market cap of $173.23 billion, a PE ratio of 8.37, a price-to-earnings-growth ratio of 0.90 and a beta of 0.23.

AT&T (NYSE:TGet Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. AT&T had a return on equity of 12.49% and a net margin of 16.94%.The business had revenue of $31.51 billion for the quarter, compared to analysts’ expectations of $31.29 billion. During the same quarter in the prior year, the business earned $0.51 EPS. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, research analysts expect that AT&T Inc. will post 2.31 earnings per share for the current year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Friday, April 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Friday, April 10th. AT&T’s dividend payout ratio is 37.25%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Royal Bank Of Canada reiterated an “outperform” rating and set a $31.00 price objective on shares of AT&T in a research note on Thursday, February 12th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $33.00 price objective on shares of AT&T in a research note on Thursday, January 29th. Oppenheimer upped their price objective on AT&T from $29.00 to $32.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 11th. Morgan Stanley assumed coverage on AT&T in a research note on Thursday, April 16th. They set an “overweight” rating and a $30.00 price objective on the stock. Finally, Williams Trading set a $32.00 price objective on AT&T in a research note on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $30.55.

View Our Latest Analysis on AT&T

About AT&T

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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