Equity Investment Corp Has $108.96 Million Holdings in AT&T Inc. $T

Equity Investment Corp boosted its stake in shares of AT&T Inc. (NYSE:TFree Report) by 2.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 4,386,501 shares of the technology company’s stock after buying an additional 106,584 shares during the quarter. AT&T makes up 2.2% of Equity Investment Corp’s holdings, making the stock its 21st largest holding. Equity Investment Corp’s holdings in AT&T were worth $108,961,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of T. GGM Financials LLC acquired a new position in AT&T during the 3rd quarter valued at $25,000. Rachor Investment Advisory Services LLC acquired a new position in AT&T during the 4th quarter valued at $25,000. Cresta Advisors Ltd. acquired a new position in AT&T during the 4th quarter valued at $26,000. Blueline Advisors LLC acquired a new position in AT&T during the 4th quarter valued at $26,000. Finally, Winnow Wealth LLC raised its stake in AT&T by 362.8% during the 4th quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company’s stock valued at $26,000 after purchasing an additional 820 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Key AT&T News

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

AT&T Stock Down 0.7%

T opened at $23.04 on Friday. The firm’s 50-day simple moving average is $25.42 and its 200-day simple moving average is $25.88. 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 Inc. has a twelve month low of $22.32 and a twelve month high of $29.79. The firm has a market cap of $160.10 billion, a price-to-earnings ratio of 7.73, a PEG ratio of 0.97 and a beta of 0.21.

AT&T (NYSE:TGet Free Report) last posted its earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.02. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The business had revenue of $31.51 billion for the quarter, compared to analyst estimates of $31.29 billion. During the same quarter in the prior year, the firm earned $0.51 EPS. The firm’s quarterly 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. Equities research analysts anticipate that AT&T Inc. will post 2.31 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Friday, April 10th were issued a $0.2775 dividend. The ex-dividend date of this dividend was Friday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.8%. AT&T’s dividend payout ratio is presently 37.25%.

Analyst Ratings Changes

Several equities analysts recently commented on T shares. Scotiabank cut their target price on shares of AT&T from $31.50 to $31.00 and set a “sector perform” rating for the company in a research note on Thursday, April 23rd. Citigroup upped their target price on shares of AT&T from $29.00 to $31.50 and gave the company a “buy” rating in a research note on Monday, March 23rd. Arete Research upgraded shares of AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price objective for the company in a research note on Tuesday, March 10th. BNP Paribas Exane dropped their price objective 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 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $30.55.

View Our Latest Analysis on T

AT&T Company Profile

(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.

See Also

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

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