Y Intercept Hong Kong Ltd increased its stake in AT&T Inc. (NYSE:T – Free Report) by 482.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 330,857 shares of the technology company’s stock after buying an additional 274,008 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in AT&T were worth $8,218,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of the stock. Tsfg LLC increased its stake in shares of AT&T by 3.6% in the fourth quarter. Tsfg LLC now owns 10,656 shares of the technology company’s stock worth $265,000 after purchasing an additional 366 shares during the period. Lifestyle Asset Management Inc. increased its stake in shares of AT&T by 3.6% in the fourth quarter. Lifestyle Asset Management Inc. now owns 10,511 shares of the technology company’s stock worth $261,000 after purchasing an additional 368 shares during the period. Hillsdale Investment Management Inc. increased its stake in shares of AT&T by 1.2% in the fourth quarter. Hillsdale Investment Management Inc. now owns 31,970 shares of the technology company’s stock worth $794,000 after purchasing an additional 370 shares during the period. Bruce G. Allen Investments LLC increased its stake in shares of AT&T by 1.7% in the fourth quarter. Bruce G. Allen Investments LLC now owns 22,398 shares of the technology company’s stock worth $556,000 after purchasing an additional 374 shares during the period. Finally, Rockline Wealth Management LLC increased its stake in shares of AT&T by 3.8% in the fourth quarter. Rockline Wealth Management LLC now owns 10,445 shares of the technology company’s stock worth $259,000 after purchasing an additional 378 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on T shares. Morgan Stanley started coverage on AT&T in a research note on Thursday, April 16th. They issued an “overweight” rating and a $30.00 price objective on the stock. KeyCorp boosted their price target on AT&T from $30.00 to $36.00 and gave the company an “overweight” rating in a research note on Wednesday, March 25th. Arete Research upgraded AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price target on the stock in a research note on Tuesday, March 10th. BNP Paribas Exane lowered their price target on AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. Finally, Weiss Ratings lowered AT&T from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have given 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 target price of $30.55.
AT&T Trading Up 2.3%
Shares of T opened at $23.54 on Friday. AT&T Inc. has a 12-month low of $22.32 and a 12-month high of $29.79. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $163.56 billion, a price-to-earnings ratio of 7.90, a P/E/G ratio of 0.96 and a beta of 0.21. The stock’s 50-day moving average price is $25.32 and its 200 day moving average price is $25.86.
AT&T (NYSE:T – Get Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The technology company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.02. AT&T had a return on equity of 12.49% and a net margin of 16.94%.The company had revenue of $31.51 billion for the quarter, compared to analyst estimates of $31.29 billion. During the same period in the prior year, the company posted $0.51 EPS. The company’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. As a group, research 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 disclosed a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Friday, April 10th were paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.7%. The ex-dividend date was Friday, April 10th. AT&T’s dividend payout ratio is currently 37.25%.
AT&T Profile
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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