Eurizon Capital SGR S.p.A. Takes Position in AT&T Inc. $T

Eurizon Capital SGR S.p.A. bought a new stake in AT&T Inc. (NYSE:T) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,175,016 shares of the technology company’s stock, valued at approximately $29,160,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. GGM Financials LLC purchased a new stake in shares of AT&T in the 3rd quarter valued at about $25,000. Rachor Investment Advisory Services LLC acquired a new position in AT&T in the 4th quarter valued at about $25,000. Cresta Advisors Ltd. acquired a new position in AT&T in the 4th quarter valued at about $26,000. Blueline Advisors LLC acquired a new position in AT&T in the 4th quarter valued at about $26,000. Finally, OFI Invest Asset Management increased its position in AT&T by 84.2% in the 4th quarter. OFI Invest Asset Management now owns 1,087,055 shares of the technology company’s stock valued at $27,000 after acquiring an additional 496,804 shares during the period. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Stock Performance

NYSE T opened at $24.80 on Friday. 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’s 50 day moving average is $26.39 and its two-hundred day moving average is $26.01. AT&T Inc. has a 12-month low of $22.95 and a 12-month high of $29.79. The stock has a market capitalization of $172.33 billion, a price-to-earnings ratio of 8.32, a PEG ratio of 0.90 and a beta of 0.23.

AT&T (NYSE:T) last released its earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.02. AT&T had a return on equity of 12.49% and a net margin of 16.94%.The company had revenue of $31.51 billion for the quarter, compared to analysts’ expectations of $31.29 billion. During the same quarter in the previous year, the firm posted $0.51 EPS. The firm’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. Research analysts expect that AT&T Inc. will post 2.31 EPS for the current year.

AT&T Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 4.5%. AT&T’s payout ratio is presently 37.25%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on T shares. Citigroup boosted their price target on AT&T from $29.00 to $31.50 and gave the company a “buy” rating in a research report on Monday, March 23rd. Oppenheimer boosted their price target on AT&T from $29.00 to $32.00 and gave the company an “outperform” rating in a research report on Wednesday, March 11th. Wall Street Zen cut AT&T from a “hold” rating to a “sell” rating in a research report on Saturday. Arete Research upgraded AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price target on the stock in a research report on Tuesday, March 10th. Finally, Scotiabank dropped their price target on AT&T from $31.50 to $31.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 23rd. One research 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’s stock. According to MarketBeat.com, AT&T presently has an average 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.