Fideuram Asset Management Ireland dac Acquires New Stake in AT&T Inc. $T

Fideuram Asset Management Ireland dac acquired a new stake in AT&T Inc. (NYSE:T) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 87,381 shares of the technology company’s stock, valued at approximately $2,355,000.

Several other institutional investors have also added to or reduced their stakes in T. Amundi lifted its position in 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 acquiring an additional 17,040,328 shares in the last quarter. Woodline Partners LP lifted its position in AT&T by 931.4% during the 3rd quarter. Woodline Partners LP now owns 8,027,708 shares of the technology company’s stock worth $226,702,000 after buying an additional 7,249,373 shares in the last quarter. PFA Pension Forsikringsaktieselskab bought a new stake in AT&T during the 4th quarter worth about $126,050,000. SG Americas Securities LLC increased its stake in shares of AT&T by 222.7% during the 4th quarter. SG Americas Securities LLC now owns 6,846,868 shares of the technology company’s stock worth $170,076,000 after purchasing an additional 4,725,382 shares during the last quarter. Finally, California Public Employees Retirement System increased its stake in shares of AT&T by 23.2% during the 3rd quarter. California Public Employees Retirement System now owns 24,472,780 shares of the technology company’s stock worth $691,111,000 after purchasing an additional 4,613,259 shares during the last quarter. 57.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on T shares. KeyCorp boosted their price objective on shares of AT&T from $30.00 to $36.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 25th. Arete Research raised shares of 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. Oppenheimer boosted their price objective on shares of AT&T from $29.00 to $32.00 and gave the company an “outperform” rating in a report on Wednesday, March 11th. Citigroup upped their price target on shares of AT&T from $29.00 to $31.50 and gave the stock a “buy” rating in a report on Monday, March 23rd. Finally, Wall Street Zen cut shares of AT&T from a “hold” rating to a “sell” rating in a research report on Saturday. 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 company. Based on data from MarketBeat, AT&T currently has an average rating of “Moderate Buy” and a consensus target price of $30.55.

AT&T Stock Down 0.3%

Shares of NYSE T opened at $24.80 on Friday. AT&T Inc. has a 12-month low of $22.95 and a 12-month high of $29.79. The firm has a market cap of $172.33 billion, a PE ratio of 8.32, a P/E/G ratio of 0.91 and a beta of 0.23. The company’s fifty day simple moving average is $26.39 and its 200 day simple moving average is $26.01. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 1.05.

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

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 1st. Stockholders 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 dividend yield of 4.5%. AT&T’s dividend payout ratio is currently 37.25%.

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.