AT&T Inc. $T Shares Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lifted its position in shares of AT&T Inc. (NYSE:T) by 49.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,155,597 shares of the technology company’s stock after purchasing an additional 8,297,201 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.36% of AT&T worth $624,865,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of AT&T by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 664,055,700 shares of the technology company’s stock worth $16,495,144,000 after purchasing an additional 3,585,661 shares in the last quarter. State Street Corp increased its position in shares of AT&T by 2.6% during the fourth quarter. State Street Corp now owns 332,089,723 shares of the technology company’s stock worth $8,249,109,000 after purchasing an additional 8,314,678 shares in the last quarter. Norges Bank acquired a new stake in shares of AT&T during the fourth quarter worth about $2,181,977,000. Capital Research Global Investors increased its position in shares of AT&T by 0.6% during the third quarter. Capital Research Global Investors now owns 65,607,835 shares of the technology company’s stock worth $1,852,765,000 after purchasing an additional 370,455 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of AT&T by 8.6% during the third quarter. Invesco Ltd. now owns 57,823,362 shares of the technology company’s stock worth $1,632,932,000 after purchasing an additional 4,584,316 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Performance

Shares of T stock opened at $23.54 on Friday. The stock has a market capitalization of $163.56 billion, a PE ratio of 7.90, a price-to-earnings-growth ratio of 0.98 and a beta of 0.21. AT&T Inc. has a 52-week low of $22.32 and a 52-week high of $29.79. The stock’s 50-day moving average price is $25.32 and its 200 day moving average price is $25.86. 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 issued its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating 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 firm 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 revenue for the quarter was up 2.9% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, equities research analysts forecast that AT&T Inc. will post 2.31 EPS for the current year.

AT&T Dividend Announcement

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 4.7%. AT&T’s payout ratio is presently 37.25%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Morgan Stanley assumed coverage on AT&T in a research report on Thursday, April 16th. They set an “overweight” rating and a $30.00 target price on the stock. Weiss Ratings cut AT&T from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. Scotiabank cut their target price 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. Royal Bank Of Canada reiterated an “outperform” rating and set a $31.00 target price on shares of AT&T in a research report on Wednesday, May 20th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $30.55.

About AT&T

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.