HB Wealth Management LLC Raises Stock Position in AT&T Inc. $T

HB Wealth Management LLC grew its stake in AT&T Inc. (NYSE:T) by 3.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,120,220 shares of the technology company’s stock after purchasing an additional 37,614 shares during the quarter. HB Wealth Management LLC’s holdings in AT&T were worth $32,475,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of T. Rachor Investment Advisory Services LLC bought a new position in shares of AT&T in the 4th quarter worth approximately $25,000. Safe Harbor Fiduciary LLC bought a new stake in shares of AT&T during the fourth quarter valued at approximately $25,000. Cresta Advisors Ltd. bought a new stake in shares of AT&T during the fourth quarter valued at approximately $26,000. Blueline Advisors LLC bought a new stake in shares of AT&T during the fourth quarter valued at approximately $26,000. Finally, Winnow Wealth LLC grew its stake in AT&T by 362.8% in the fourth quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company’s stock worth $26,000 after purchasing an additional 820 shares during the period. 57.10% of the stock is owned by hedge funds and other institutional investors.

Key AT&T News

Here are the key news stories impacting AT&T this week:

• Positive Sentiment: AT&T launched an expanded Build-A-Plan offering that bundles wireless and home internet, which could strengthen its competitive position and improve customer stickiness. AT&T (T) Launches Build A Plan Expansion To Bundle Wireless And Fiber
• Positive Sentiment: Unusual call option activity suggests some traders are positioning for a rebound in the stock.
• Neutral Sentiment: Several articles this week focused on AT&T as a dividend and value stock, reinforcing its appeal to income-oriented investors.
• Negative Sentiment: AT&T remains weighed down by concerns about SpaceX/Starlink potentially becoming a bigger competitor in wireless and satellite connectivity, which has pressured telecom shares broadly. AT&T Stock’s Bad Week Just Keeps Getting Worse
• Negative Sentiment: Oppenheimer reportedly downgraded AT&T on the SpaceX threat, adding to pressure on the stock. Oppenheimer downgrades AT&T stock on SpaceX threat
• Negative Sentiment: EchoStar’s Dish filing after delays in its spectrum sale to AT&T highlights ongoing execution and regulatory uncertainty around a key transaction. EchoStar’s Dish files Chapter 11 after spectrum sale to AT&T is delayed

Wall Street Analyst Weigh In

T has been the subject of a number of research reports. Royal Bank Of Canada reiterated an “outperform” rating and issued a $31.00 price objective on shares of AT&T in a report on Wednesday, May 20th. BNP Paribas Exane dropped their target price on shares of AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. Citigroup upped their target price on shares of AT&T from $29.00 to $31.50 and gave the stock a “buy” rating in a research report on Monday, March 23rd. KeyCorp increased their price target 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. Finally, Weiss Ratings cut shares of AT&T from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $30.55.

AT&T Stock Performance

AT&T stock opened at $20.57 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $142.89 billion, a P/E ratio of 6.90, a PEG ratio of 0.84 and a beta of 0.24. The stock’s 50 day moving average is $23.89 and its 200 day moving average is $25.51. AT&T Inc. has a twelve month low of $19.89 and a twelve month high of $29.79.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating 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 business had revenue of $31.51 billion during the quarter, compared to analysts’ expectations of $31.29 billion. During the same quarter in the previous year, the business earned $0.51 earnings per share. The firm’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. On average, equities research analysts predict that AT&T Inc. will post 2.31 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 10th will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend is Friday, July 10th. AT&T’s payout ratio is currently 37.25%.

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.