Fisher Asset Management LLC Has $5.98 Million Stock Position in AT&T Inc. $T

Fisher Asset Management LLC lifted its stake in AT&T Inc. (NYSE:T) by 84.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 240,607 shares of the technology company’s stock after purchasing an additional 110,261 shares during the quarter. Fisher Asset Management LLC’s holdings in AT&T were worth $5,977,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of T. Amundi boosted its position in shares of AT&T by 67.5% in the 3rd quarter. Amundi now owns 42,295,492 shares of the technology company’s stock valued at $1,094,184,000 after purchasing an additional 17,040,328 shares during the period. Woodline Partners LP boosted its position in shares of AT&T by 931.4% in the 3rd quarter. Woodline Partners LP now owns 8,027,708 shares of the technology company’s stock valued at $226,702,000 after purchasing an additional 7,249,373 shares during the period. PFA Pension Forsikringsaktieselskab acquired a new position in shares of AT&T in the 4th quarter valued at $126,050,000. SG Americas Securities LLC boosted its position in shares of AT&T by 222.7% in the 4th quarter. SG Americas Securities LLC now owns 6,846,868 shares of the technology company’s stock valued at $170,076,000 after purchasing an additional 4,725,382 shares during the period. Finally, California Public Employees Retirement System boosted its position in shares of AT&T by 23.2% in the 3rd quarter. California Public Employees Retirement System now owns 24,472,780 shares of the technology company’s stock valued at $691,111,000 after purchasing an additional 4,613,259 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Trading Down 0.1%

Shares of NYSE T opened at $24.87 on Friday. AT&T Inc. has a one year low of $22.95 and a one year high of $29.79. The firm has a market capitalization of $172.77 billion, a PE 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. The business has a 50-day moving average price of $26.44 and a two-hundred day moving average price of $26.02.

AT&T (NYSE:T) last announced its quarterly earnings data 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 firm had revenue of $31.51 billion during the quarter, compared to analyst estimates of $31.29 billion. During the same period last year, the company posted $0.51 EPS. The business’s quarterly 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. As a group, analysts predict that AT&T Inc. will post 2.31 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Friday, April 10th were given 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 4.5%. AT&T’s dividend payout ratio (DPR) is presently 37.25%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on T shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $33.00 price target on shares of AT&T in a research report on Thursday, January 29th. TD Cowen restated a “hold” rating on shares of AT&T in a report on Thursday, January 29th. Arete Research upgraded AT&T from a “sell” rating to a “neutral” rating and set a $28.00 target price for the company in a report on Tuesday, March 10th. Morgan Stanley assumed coverage on AT&T in a report on Thursday, April 16th. They issued an “overweight” rating and a $30.00 target price for the company. Finally, Oppenheimer raised their price objective on AT&T from $29.00 to $32.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 11th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.55.

AT&T Company 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.