American Century Companies Inc. Acquires 758,200 Shares of AT&T Inc. $T

American Century Companies Inc. raised its holdings in shares of AT&T Inc. (NYSE:TFree Report) by 7.9% in the third quarter, Holdings Channel.com reports. The firm owned 10,296,238 shares of the technology company’s stock after purchasing an additional 758,200 shares during the period. American Century Companies Inc.’s holdings in AT&T were worth $290,766,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of T. Brighton Jones LLC grew its stake in shares of AT&T by 26.5% during the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock valued at $1,106,000 after purchasing an additional 10,188 shares during the period. AlphaQuest LLC grew its position in AT&T by 962.3% during the second quarter. AlphaQuest LLC now owns 3,665 shares of the technology company’s stock valued at $106,000 after buying an additional 3,320 shares during the period. Daymark Wealth Partners LLC increased its holdings in AT&T by 77.4% during the second quarter. Daymark Wealth Partners LLC now owns 38,290 shares of the technology company’s stock valued at $1,108,000 after buying an additional 16,710 shares during the last quarter. Keybank National Association OH lifted its position in AT&T by 2.5% during the second quarter. Keybank National Association OH now owns 1,180,563 shares of the technology company’s stock valued at $34,166,000 after purchasing an additional 29,148 shares in the last quarter. Finally, Earned Wealth Advisors LLC increased its holdings in AT&T by 5.6% in the 2nd quarter. Earned Wealth Advisors LLC now owns 22,756 shares of the technology company’s stock worth $659,000 after acquiring an additional 1,202 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Up 1.8%

T stock opened at $27.97 on Friday. The stock has a market capitalization of $195.79 billion, a P/E ratio of 9.17, a P/E/G ratio of 1.02 and a beta of 0.39. The firm has a 50-day simple moving average of $25.63 and a 200-day simple moving average of $26.37. AT&T Inc. has a 52 week low of $22.95 and a 52 week 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.

AT&T (NYSE:TGet Free Report) last issued its quarterly earnings results on Wednesday, January 28th. The technology company reported $0.52 EPS 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 return on equity of 12.33% and a net margin of 17.47%.The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.43 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Monday, January 12th were paid a dividend of $0.2775 per share. The ex-dividend date of this dividend was Monday, January 12th. This represents a $1.11 annualized dividend and a yield of 4.0%. AT&T’s dividend payout ratio (DPR) is 36.39%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on T shares. Scotiabank reiterated a “sector perform” rating and set a $29.50 target price on shares of AT&T in a research report on Wednesday, January 7th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $33.00 price target on shares of AT&T in a report on Thursday, January 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $31.00 price objective on shares of AT&T in a research report on Thursday, February 12th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of AT&T in a research report on Monday, December 29th. Finally, The Goldman Sachs Group dropped their target price on AT&T from $33.00 to $29.00 and set a “buy” rating on the stock in a research report on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $29.93.

Read Our Latest Report on T

Key AT&T News

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

About AT&T

(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.

Further Reading

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

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