Fifth Third Bancorp Has $26.78 Million Position in AT&T Inc. $T

Fifth Third Bancorp lifted its holdings in shares of AT&T Inc. (NYSE:T) by 2.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 948,290 shares of the technology company’s stock after buying an additional 18,298 shares during the period. Fifth Third Bancorp’s holdings in AT&T were worth $26,780,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Front Row Advisors LLC acquired a new position in AT&T during the second quarter valued at approximately $25,000. Mountain Hill Investment Partners Corp. raised its stake in AT&T by 363.7% in the third quarter. Mountain Hill Investment Partners Corp. now owns 895 shares of the technology company’s stock valued at $25,000 after buying an additional 702 shares during the period. Solstein Capital LLC lifted its holdings in AT&T by 217.3% during the 2nd quarter. Solstein Capital LLC now owns 952 shares of the technology company’s stock valued at $28,000 after purchasing an additional 652 shares during the last quarter. Curio Wealth LLC boosted its position in AT&T by 26,100.0% during the second quarter. Curio Wealth LLC now owns 1,048 shares of the technology company’s stock worth $30,000 after purchasing an additional 1,044 shares during the period. Finally, Cloud Capital Management LLC acquired a new position in shares of AT&T in the third quarter valued at $31,000. Institutional investors own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on T shares. Sanford C. Bernstein cut their target price on shares of AT&T from $31.00 to $30.00 and set an “outperform” rating for the company in a research note on Friday, January 16th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $33.00 price target on shares of AT&T in a report on Thursday, January 29th. Arete Research set a $20.00 price objective on AT&T in a report on Tuesday, January 6th. Morgan Stanley decreased their target price on AT&T from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 10th. Finally, KeyCorp reissued an “overweight” rating on shares of AT&T in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $29.93.

AT&T Stock Performance

NYSE:T opened at $28.70 on Tuesday. The stock has a fifty day moving average price of $24.95 and a 200-day moving average price of $26.34. The company has a market cap of $200.88 billion, a price-to-earnings ratio of 9.41, a PEG ratio of 1.06 and a beta of 0.39. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.86 and a current ratio of 0.91. AT&T Inc. has a fifty-two week low of $22.95 and a fifty-two week high of $29.79.

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

AT&T Announces Dividend

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