Cary Street Partners Financial LLC Purchases 28,109 Shares of AT&T Inc. $T

Cary Street Partners Financial LLC lifted its stake in AT&T Inc. (NYSE:T) by 67.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 69,723 shares of the technology company’s stock after buying an additional 28,109 shares during the period. Cary Street Partners Financial LLC’s holdings in AT&T were worth $1,732,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. GGM Financials LLC acquired a new stake in shares of AT&T during the 3rd quarter worth approximately $25,000. Rachor Investment Advisory Services LLC acquired a new position in shares of AT&T in the fourth quarter valued at $25,000. Cresta Advisors Ltd. acquired a new position in shares of AT&T in the fourth quarter valued at $26,000. OFI Invest Asset Management lifted its position in AT&T by 84.2% in the fourth quarter. OFI Invest Asset Management now owns 1,087,055 shares of the technology company’s stock worth $27,000 after purchasing an additional 496,804 shares during the period. Finally, Eagle Bay Advisors LLC bought a new position in AT&T in the fourth quarter worth $29,000. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Price Performance

Shares of T stock opened at $24.87 on Friday. AT&T Inc. has a 1 year low of $22.95 and a 1 year high of $29.79. The firm’s 50 day moving average is $26.44 and its 200-day moving average is $26.02. The firm has a market capitalization of $172.77 billion, a price-to-earnings ratio of 8.34, a PEG ratio of 0.91 and a beta of 0.23. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 1.05.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, April 22nd. The technology company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.02. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The business had revenue of $31.51 billion for the quarter, compared to analyst estimates of $31.29 billion. During the same period in the prior year, the business posted $0.51 earnings per share. AT&T’s revenue was up 2.9% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Sell-side analysts forecast that AT&T Inc. will post 2.31 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Friday, April 10th were issued a $0.2775 dividend. The ex-dividend date was Friday, April 10th. This represents a $1.11 annualized dividend and a yield of 4.5%. AT&T’s dividend payout ratio (DPR) is 37.25%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. UBS Group reissued a “buy” rating on shares of AT&T in a research note on Thursday, January 29th. TD Cowen reissued a “hold” rating on shares of AT&T in a research note on Thursday, January 29th. Citigroup upped their target price on shares of AT&T from $29.00 to $31.50 and gave the company a “buy” rating in a research note on Monday, March 23rd. Williams Trading set a $32.00 target price on shares of AT&T in a research note on Thursday, January 29th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $33.00 target price on shares of AT&T in a research note on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.