Leo Wealth LLC Acquires 44,306 Shares of AT&T Inc. $T

Leo Wealth LLC grew its holdings in AT&T Inc. (NYSE:TFree Report) by 47.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 138,087 shares of the technology company’s stock after acquiring an additional 44,306 shares during the period. Leo Wealth LLC’s holdings in AT&T were worth $3,430,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Global Wealth Strategies & Associates raised its stake in AT&T by 10.7% in the 3rd quarter. Global Wealth Strategies & Associates now owns 4,025 shares of the technology company’s stock valued at $114,000 after acquiring an additional 390 shares during the period. Gentry Private Wealth LLC boosted its position in AT&T by 1.7% during the third quarter. Gentry Private Wealth LLC now owns 23,537 shares of the technology company’s stock worth $665,000 after purchasing an additional 393 shares during the period. Thoroughbred Financial Services LLC increased its holdings in shares of AT&T by 2.8% in the third quarter. Thoroughbred Financial Services LLC now owns 14,847 shares of the technology company’s stock valued at $419,000 after purchasing an additional 406 shares during the last quarter. Stockman Wealth Management Inc. raised its position in shares of AT&T by 5.4% in the third quarter. Stockman Wealth Management Inc. now owns 8,061 shares of the technology company’s stock valued at $228,000 after purchasing an additional 415 shares during the period. Finally, Arkfeld Wealth Strategies L.L.C. raised its position in shares of AT&T by 1.6% in the third quarter. Arkfeld Wealth Strategies L.L.C. now owns 25,869 shares of the technology company’s stock valued at $700,000 after purchasing an additional 415 shares during the period. 57.10% of the stock is currently owned by institutional investors.

AT&T Trading Down 0.1%

Shares of T stock opened at $28.31 on Monday. The stock has a market cap of $197.72 billion, a P/E ratio of 9.28, a price-to-earnings-growth ratio of 1.06 and a beta of 0.34. AT&T Inc. has a 1 year low of $22.95 and a 1 year high of $29.79. The company has a current ratio of 0.91, a quick ratio of 0.86 and a debt-to-equity ratio of 1.00. The stock has a 50 day simple moving average of $27.71 and a 200 day simple moving average of $26.19.

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

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 10th will be paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Friday, April 10th. AT&T’s payout ratio is 36.39%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on T shares. Sanford C. Bernstein reduced their target price on shares of AT&T from $31.00 to $30.00 and set an “outperform” rating for the company in a report on Friday, January 16th. Wolfe Research cut shares of AT&T from an “outperform” rating to a “peer perform” rating in a report on Monday, December 15th. Loop Capital set a $29.00 price objective on shares of AT&T in a research report on Friday, December 19th. TD Cowen reaffirmed a “hold” rating on shares of AT&T in a research report on Thursday, January 29th. Finally, Arete Research upgraded AT&T from a “sell” rating to a “neutral” rating and set a $28.00 target price on the stock in a research note on Tuesday, March 10th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, AT&T has a consensus rating of “Moderate Buy” and an average target price of $30.74.

View Our Latest Stock Report on T

Key Stories Impacting AT&T

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.

Read More

Want to see what other hedge funds are holding T? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AT&T Inc. (NYSE:TFree Report).

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

Receive News & Ratings for AT&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T and related companies with MarketBeat.com's FREE daily email newsletter.