ABC Arbitrage SA Takes Position in AT&T Inc. $T

ABC Arbitrage SA acquired a new stake in AT&T Inc. (NYSE:T) during the 3rd quarter, Holdings Channel reports. The fund acquired 37,564 shares of the technology company’s stock, valued at approximately $1,061,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of AT&T by 1.6% during the second quarter. Vanguard Group Inc. now owns 661,355,210 shares of the technology company’s stock worth $19,139,620,000 after purchasing an additional 10,310,560 shares in the last quarter. State Street Corp grew its holdings in shares of AT&T by 2.4% in the second quarter. State Street Corp now owns 321,070,509 shares of the technology company’s stock worth $9,291,781,000 after purchasing an additional 7,404,376 shares during the last quarter. Geode Capital Management LLC increased its position in shares of AT&T by 1.2% during the second quarter. Geode Capital Management LLC now owns 172,039,872 shares of the technology company’s stock worth $4,958,066,000 after acquiring an additional 2,066,026 shares during the period. Norges Bank bought a new stake in AT&T during the 2nd quarter valued at $2,228,655,000. Finally, Ameriprise Financial Inc. raised its holdings in shares of AT&T by 8.7% in the second quarter. Ameriprise Financial Inc. now owns 55,247,484 shares of the technology company’s stock valued at $1,598,697,000 after acquiring an additional 4,404,688 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Up 3.8%

Shares of NYSE:T opened at $28.45 on Thursday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.86 and a current ratio of 0.91. The company has a market capitalization of $201.69 billion, a PE ratio of 9.33, a P/E/G ratio of 1.02 and a beta of 0.39. The company’s fifty day moving average is $24.74 and its 200-day moving average is $26.32. AT&T Inc. has a 52 week low of $22.95 and a 52 week high of $29.79.

AT&T (NYSE:T) last posted its earnings results on Wednesday, January 28th. The technology company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.06. AT&T had a net margin of 17.47% and a return on equity of 12.33%. The company had revenue of $33.47 billion for the quarter, compared to analyst estimates of $32.91 billion. During the same period last year, the business posted $0.43 earnings per share. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities research analysts predict that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Monday, January 12th were issued a dividend of $0.2775 per share. The ex-dividend date was Monday, January 12th. This represents a $1.11 annualized dividend and a yield of 3.9%. AT&T’s dividend payout ratio (DPR) is presently 36.39%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Wells Fargo & Company dropped their price objective on shares of AT&T from $29.00 to $27.00 and set an “overweight” rating on the stock in a report on Monday, January 26th. UBS Group restated a “buy” rating on shares of AT&T in a research note on Thursday, January 29th. Morgan Stanley decreased their price target on AT&T from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Wednesday, December 10th. Sanford C. Bernstein cut their price target on AT&T from $31.00 to $30.00 and set an “outperform” rating for the company in a report on Friday, January 16th. Finally, KeyCorp reaffirmed an “overweight” rating on shares of AT&T in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $29.83.

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.