Swedbank AB increased its position in shares of AT&T Inc. (NYSE:T – Free Report) by 2.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,530,808 shares of the technology company’s stock after buying an additional 80,794 shares during the period. Swedbank AB’s holdings in AT&T were worth $87,705,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of T. GGM Financials LLC bought a new position in shares of AT&T during the third quarter worth about $25,000. Rachor Investment Advisory Services LLC bought a new position in shares of AT&T during the fourth quarter worth about $25,000. Cresta Advisors Ltd. bought a new position in shares of AT&T during the fourth quarter worth about $26,000. OFI Invest Asset Management grew its holdings in shares of AT&T by 84.2% during the fourth quarter. OFI Invest Asset Management now owns 1,087,055 shares of the technology company’s stock worth $27,000 after buying an additional 496,804 shares in the last quarter. Finally, Eagle Bay Advisors LLC bought a new position in shares of AT&T during the fourth quarter worth about $29,000. 57.10% of the stock is currently owned by institutional investors.
AT&T Stock Down 0.2%
T stock opened at $25.29 on Friday. 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 business has a 50 day moving average price of $26.65 and a two-hundred day moving average price of $26.00. The company has a market cap of $175.74 billion, a price-to-earnings ratio of 8.49, a P/E/G ratio of 0.92 and a beta of 0.23. AT&T Inc. has a twelve month low of $22.95 and a twelve month high of $29.79.
AT&T Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, May 1st. Shareholders 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 4.4%. The ex-dividend date was Friday, April 10th. AT&T’s dividend payout ratio (DPR) is currently 37.25%.
Analysts Set New Price Targets
A number of research analysts recently issued reports on T shares. BNP Paribas Exane decreased their price objective on AT&T from $28.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. UBS Group restated a “buy” rating on shares of AT&T in a research note on Thursday, January 29th. TD Cowen restated a “hold” rating on shares of AT&T in a research note on Thursday, January 29th. 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 target for the company. Finally, Wells Fargo & Company decreased their price target on AT&T from $29.00 to $27.00 and set an “overweight” rating for the company in a research note on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $30.55.
Get Our Latest Stock Analysis on AT&T
Key Stories Impacting AT&T
Here are the key news stories impacting AT&T this week:
- Positive Sentiment: AT&T announced a new partnership with Lexus to bring its 5G connectivity into upcoming vehicles, a win that highlights demand for its wireless network and creates another potential growth avenue. AT&T Partners With Lexus, Here’s What You Should Know
- Positive Sentiment: The company also unveiled “Build-A-Plan,” a lower-priced, customizable wireless offering that could help AT&T attract budget-conscious customers and improve retention in a competitive market. AT&T Launches Build-A-Plan
- Positive Sentiment: AT&T is also being praised by some investors for its steady execution and value profile, with commentary pointing to solid operational discipline and compelling valuation. AT&T Gains From Steady Stagey Execution
- Positive Sentiment: Longer-term, AT&T outlined a $19 billion California fiber and wireless investment plan through 2030, reinforcing its infrastructure spending and modernization strategy. AT&T Makes $19 Billion Commitment to Bring High-Speed Connectivity to California
- Neutral Sentiment: AT&T, Verizon, and T-Mobile reportedly agreed in principle to form a joint venture to reduce mobile dead zones, which could support industry infrastructure investment but does not yet have a clear financial impact. Verizon, AT&T, and T-Mobile Form a Joint Venture to End Mobile Dead Zones Across the US
- Negative Sentiment: AT&T sued California to block requirements tied to its old copper-phone network, highlighting ongoing regulatory friction and the challenge of retiring legacy services. AT&T sues California in bid to stop offering traditional phone service
- Negative Sentiment: AT&T also faced criticism over a new prepaid admin fee and other pricing-related moves, which could weigh on sentiment if customers react negatively. AT&T is the first carrier to charge an admin fee for its prepaid plans
- Negative Sentiment: Analyst coverage after earnings notes AT&T is still down from its last report, suggesting investors remain cautious despite a recent beat on EPS and revenue. AT&T Down 4.8% Since Last Earnings Report: Can It Rebound?
About AT&T
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.
Featured Articles
- Five stocks we like better than AT&T
- Workday Validates AI Flywheel: Stock Price Recovery Begins
- HubSpot at 2019 Levels Is an Opportunity—Not a Warning
- Was Decker’s Double Beat a Bullish Signal—Or Mere HOKA’s-Pocus?
- Kiniksa Pharmaceuticals Still Has Room to Run After 100% Rally
Want to see what other hedge funds are holding T? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AT&T Inc. (NYSE:T – Free Report).
Receive News & Ratings for AT&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T and related companies with MarketBeat.com's FREE daily email newsletter.
