Northwestern Mutual Wealth Management Co. Has $2.33 Million Stake in AT&T Inc. $T

Northwestern Mutual Wealth Management Co. decreased its position in AT&T Inc. (NYSE:T) by 90.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 93,811 shares of the technology company’s stock after selling 860,656 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in AT&T were worth $2,330,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Rhumbline Advisers grew its holdings in shares of AT&T by 0.4% in 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. Wealthfront Advisers LLC grew its holdings in shares of AT&T by 4.9% in the 3rd quarter. Wealthfront Advisers LLC now owns 1,411,031 shares of the technology company’s stock valued at $39,848,000 after acquiring an additional 66,448 shares in the last quarter. Public Sector Pension Investment Board grew its holdings in shares of AT&T by 140.8% in the 3rd quarter. Public Sector Pension Investment Board now owns 2,888,630 shares of the technology company’s stock valued at $81,575,000 after acquiring an additional 1,689,073 shares in the last quarter. Annex Advisory Services LLC grew its holdings in shares of AT&T by 749.1% in the 4th quarter. Annex Advisory Services LLC now owns 159,598 shares of the technology company’s stock valued at $3,964,000 after acquiring an additional 140,802 shares in the last quarter. Finally, World Investment Advisors grew its holdings in shares of AT&T by 85.0% in the 4th quarter. World Investment Advisors now owns 338,942 shares of the technology company’s stock valued at $8,419,000 after acquiring an additional 155,728 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Trading Down 0.8%

AT&T stock opened at $25.06 on Wednesday. AT&T Inc. has a 52 week low of $22.95 and a 52 week high of $29.79. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.87 and a current ratio of 0.92. The stock has a market capitalization of $174.13 billion, a P/E ratio of 8.41, a PEG ratio of 0.92 and a beta of 0.23. The stock has a 50-day simple moving average of $26.56 and a 200 day simple moving average of $26.02.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. AT&T had a return on equity of 12.49% and a net margin of 16.94%.The business had revenue of $31.51 billion during the quarter, compared to analysts’ expectations of $31.29 billion. During the same quarter last year, the company posted $0.51 earnings per share. AT&T’s quarterly revenue was up 2.9% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Analysts expect that AT&T Inc. will post 2.31 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Friday, April 10th were issued a dividend of $0.2775 per share. The ex-dividend date was Friday, April 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.4%. AT&T’s dividend payout ratio (DPR) is presently 37.25%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on T. Scotiabank decreased their price objective on AT&T from $31.50 to $31.00 and set a “sector perform” rating for the company in a report on Thursday, April 23rd. TD Cowen restated a “hold” rating on shares of AT&T in a report on Thursday, January 29th. Williams Trading set a $32.00 price objective on AT&T in a report on Thursday, January 29th. BNP Paribas Exane decreased their price objective on AT&T from $28.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. Finally, KeyCorp raised their price objective on AT&T from $30.00 to $36.00 and gave the company an “overweight” rating in a report on Wednesday, March 25th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.55.

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.