AT&T Inc. $T Shares Bought by Letko Brosseau & Associates Inc.

Letko Brosseau & Associates Inc. boosted its holdings in shares of AT&T Inc. (NYSE:TFree Report) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,130,100 shares of the technology company’s stock after acquiring an additional 26,625 shares during the period. AT&T comprises 1.7% of Letko Brosseau & Associates Inc.’s portfolio, making the stock its 18th largest holding. Letko Brosseau & Associates Inc. owned approximately 0.06% of AT&T worth $102,592,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in T. Norges Bank acquired a new position in AT&T during the fourth quarter worth about $2,181,977,000. Amundi raised its position in AT&T by 67.5% during the third quarter. Amundi now owns 42,295,492 shares of the technology company’s stock worth $1,094,184,000 after acquiring an additional 17,040,328 shares during the last quarter. Woodline Partners LP grew its holdings in shares of AT&T by 931.4% during the third quarter. Woodline Partners LP now owns 8,027,708 shares of the technology company’s stock worth $226,702,000 after buying an additional 7,249,373 shares in the last quarter. PFA Pension Forsikringsaktieselskab purchased a new stake in shares of AT&T during the fourth quarter worth about $126,050,000. Finally, SG Americas Securities LLC grew its holdings in shares of AT&T by 222.7% during the fourth quarter. SG Americas Securities LLC now owns 6,846,868 shares of the technology company’s stock worth $170,076,000 after buying an additional 4,725,382 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Price Performance

AT&T stock opened at $22.70 on Wednesday. AT&T Inc. has a 1 year low of $22.32 and a 1 year high of $29.79. The firm has a 50 day moving average price of $25.64 and a 200 day moving average price of $25.91. The company has a market cap of $157.69 billion, a price-to-earnings ratio of 7.62, a PEG ratio of 0.94 and a beta of 0.21. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.87 and a current ratio of 0.92.

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

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Friday, April 10th were issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date was Friday, April 10th. AT&T’s payout ratio is presently 37.25%.

Trending Headlines about AT&T

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Analyst Ratings Changes

T has been the subject of a number of recent research reports. Morgan Stanley initiated coverage on shares of AT&T in a report on Thursday, April 16th. They set an “overweight” rating and a $30.00 price target for the company. Arete Research upgraded shares of AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price target for the company in a report on Tuesday, March 10th. Wall Street Zen downgraded shares of AT&T from a “hold” rating to a “sell” rating in a report on Saturday, May 30th. Oppenheimer downgraded shares of AT&T from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 3rd. Finally, Citigroup boosted their target price on shares of AT&T from $29.00 to $31.50 and gave the company a “buy” rating in a report on Monday, March 23rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $30.55.

View Our Latest Stock Report 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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