UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 482,321 Shares of AT&T Inc. $T

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of AT&T Inc. (NYSE:T – Free Report) by 1.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 50,375,637 shares of the technology company’s stock after buying an additional 482,321 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.72% of AT&T worth $1,251,331,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of T. Norges Bank acquired a new position in shares of AT&T during the 4th quarter valued at $2,181,977,000. Amundi lifted its position in shares of AT&T by 67.5% during the 3rd quarter. Amundi now owns 42,295,492 shares of the technology company’s stock valued at $1,094,184,000 after acquiring an additional 17,040,328 shares during the period. Woodline Partners LP lifted its position in shares of AT&T by 931.4% during the 3rd quarter. Woodline Partners LP now owns 8,027,708 shares of the technology company’s stock valued at $226,702,000 after acquiring an additional 7,249,373 shares during the period. PFA Pension Forsikringsaktieselskab acquired a new position in shares of AT&T during the 4th quarter valued at $126,050,000. Finally, SG Americas Securities LLC lifted its position in shares of AT&T by 222.7% during the 4th quarter. SG Americas Securities LLC now owns 6,846,868 shares of the technology company’s stock valued at $170,076,000 after acquiring an additional 4,725,382 shares during the period. Institutional investors own 57.10% of the company’s stock.

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AT&T Trading Up 2.3%

Shares of T opened at $23.54 on Friday. The firm’s 50 day simple moving average is $25.32 and its 200 day simple moving average is $25.86. The company has a market capitalization of $163.56 billion, a P/E ratio of 7.90, a P/E/G ratio of 0.96 and a beta of 0.21. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.92 and a quick ratio of 0.87. AT&T Inc. has a 1-year low of $22.32 and a 1-year high of $29.79.

AT&T (NYSE:T – Get Free Report) last announced its 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. The business had revenue of $31.51 billion for the quarter, compared to the consensus estimate of $31.29 billion. AT&T had a net margin of 16.94% and a return on equity of 12.49%. AT&T’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the firm posted $0.51 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Sell-side analysts forecast that AT&T Inc. will post 2.31 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Friday, April 10th were given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date was Friday, April 10th. AT&T’s dividend payout ratio (DPR) is presently 37.25%.

Analysts Set New Price Targets

T has been the topic of several research reports. KeyCorp upped their price objective on shares of AT&T from $30.00 to $36.00 and gave the stock an “overweight” rating in a report on Wednesday, March 25th. Citigroup upped their target price on shares of AT&T from $29.00 to $31.50 and gave the stock a “buy” rating in a research note on Monday, March 23rd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $31.00 target price on shares of AT&T in a research note on Wednesday, May 20th. BNP Paribas Exane reduced their target price on shares of AT&T from $28.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. Finally, Morgan Stanley started coverage on shares of AT&T in a research note on Thursday, April 16th. They issued an “overweight” rating and a $30.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $30.55.

View Our Latest 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.

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