AT&T Inc. $T Shares Acquired by Assetmark Inc.

Assetmark Inc. boosted its holdings in AT&T Inc. (NYSE:T) by 2.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,874,877 shares of the technology company’s stock after buying an additional 241,564 shares during the quarter. Assetmark Inc.’s holdings in AT&T were worth $307,107,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Denali Advisors LLC grew its position in AT&T by 5.9% during the 2nd quarter. Denali Advisors LLC now owns 401,037 shares of the technology company’s stock worth $11,606,000 after purchasing an additional 22,394 shares in the last quarter. Csenge Advisory Group boosted its position in AT&T by 20.3% during the 3rd quarter. Csenge Advisory Group now owns 189,293 shares of the technology company’s stock worth $5,346,000 after acquiring an additional 31,935 shares during the period. Rhumbline Advisers grew its stake in AT&T by 0.4% during the 3rd quarter. Rhumbline Advisers now owns 12,810,872 shares of the technology company’s stock valued at $361,779,000 after acquiring an additional 49,727 shares in the last quarter. Tredje AP fonden increased its holdings in shares of AT&T by 1.8% in the 2nd quarter. Tredje AP fonden now owns 1,221,395 shares of the technology company’s stock valued at $35,347,000 after purchasing an additional 21,720 shares during the period. Finally, Sentry Investment Management LLC grew its holdings in shares of AT&T by 153.2% during the 2nd quarter. Sentry Investment Management LLC now owns 22,095 shares of the technology company’s stock valued at $625,000 after acquiring an additional 13,370 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Loop Capital set a $29.00 price objective on AT&T in a research report on Friday, December 19th. Wells Fargo & Company cut their price target on AT&T from $29.00 to $27.00 and set an “overweight” rating for the company in a report on Monday, January 26th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $33.00 price objective on shares of AT&T in a research report on Thursday, January 29th. KeyCorp reaffirmed an “overweight” rating on shares of AT&T in a research report on Wednesday, January 21st. Finally, Williams Trading set a $32.00 target price on shares of AT&T in a research note on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, AT&T has an average rating of “Moderate Buy” and an average price target of $29.93.

AT&T Stock Up 1.2%

Shares of NYSE:T opened at $28.82 on Friday. AT&T Inc. has a 12 month low of $22.95 and a 12 month high of $29.79. The company has a quick ratio of 0.86, a current ratio of 0.91 and a debt-to-equity ratio of 1.00. The company’s 50-day moving average price is $24.81 and its two-hundred day moving average price is $26.34. The firm has a market cap of $201.72 billion, a P/E ratio of 9.45, a P/E/G ratio of 1.06 and a beta of 0.39.

AT&T (NYSE:T) last posted its quarterly earnings data 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. The firm had revenue of $33.47 billion during the quarter, compared to analysts’ expectations of $32.91 billion. AT&T had a net margin of 17.47% and a return on equity of 12.33%. AT&T’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.43 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, research analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

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

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.