BNP Paribas Increases Stake in AT&T Inc. $T

BNP Paribas increased its holdings in shares of AT&T Inc. (NYSE:T) by 19.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 580,439 shares of the technology company’s stock after purchasing an additional 93,416 shares during the quarter. BNP Paribas’ holdings in AT&T were worth $14,419,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in T. Brighton Jones LLC increased its holdings in shares of AT&T by 26.5% in the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock valued at $1,106,000 after purchasing an additional 10,188 shares during the period. Osterweis Capital Management Inc. grew its holdings in AT&T by 4,352.9% during the second quarter. Osterweis Capital Management Inc. now owns 6,234 shares of the technology company’s stock worth $180,000 after acquiring an additional 6,094 shares during the period. Main Street Financial Solutions LLC grew its holdings in AT&T by 4.0% during the second quarter. Main Street Financial Solutions LLC now owns 26,796 shares of the technology company’s stock worth $775,000 after acquiring an additional 1,022 shares during the period. HUB Investment Partners LLC grew its holdings in AT&T by 19.6% during the second quarter. HUB Investment Partners LLC now owns 55,730 shares of the technology company’s stock worth $1,613,000 after acquiring an additional 9,115 shares during the period. Finally, Peapack Gladstone Financial Corp grew its holdings in AT&T by 1.8% during the second quarter. Peapack Gladstone Financial Corp now owns 207,063 shares of the technology company’s stock worth $5,992,000 after acquiring an additional 3,677 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

Shares of NYSE:T opened at $24.50 on Tuesday. The firm has a market capitalization of $170.22 billion, a PE ratio of 8.22, a P/E/G ratio of 0.90 and a beta of 0.21. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.92 and a quick ratio of 0.87. The business has a 50-day moving average of $26.32 and a two-hundred day moving average of $26.01. AT&T Inc. has a 12 month low of $22.95 and a 12 month high of $29.79.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.55 by $0.02. The company had revenue of $31.51 billion during the quarter, compared to analyst estimates of $31.29 billion. AT&T had a return on equity of 12.49% and a net margin of 16.94%.The firm’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.51 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, research analysts forecast that AT&T Inc. will post 2.31 earnings per share for the current 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 paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Friday, April 10th. AT&T’s dividend payout ratio (DPR) is 37.25%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on T shares. KeyCorp upped their price objective on AT&T from $30.00 to $36.00 and gave the stock an “overweight” rating in a report on Wednesday, March 25th. Wall Street Zen lowered AT&T from a “hold” rating to a “sell” rating in a report on Saturday. Weiss Ratings lowered AT&T from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday. BNP Paribas Exane lowered their target price on AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. Finally, Citigroup upped their target price on AT&T from $29.00 to $31.50 and gave the company a “buy” rating in a report on Monday, March 23rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently 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.