Andra AP fonden Buys 305,700 Shares of AT&T Inc. $T

Andra AP fonden raised its stake in shares of AT&T Inc. (NYSE:TFree Report) by 33.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,220,300 shares of the technology company’s stock after purchasing an additional 305,700 shares during the period. Andra AP fonden’s holdings in AT&T were worth $30,312,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC raised its position in AT&T by 26.5% in the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock worth $1,106,000 after purchasing an additional 10,188 shares during the period. Osterweis Capital Management Inc. grew its stake in AT&T by 4,352.9% in the 2nd 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 in the last quarter. Main Street Financial Solutions LLC grew its stake in AT&T by 4.0% in the 2nd 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 in the last quarter. HUB Investment Partners LLC grew its stake in AT&T by 19.6% in the 2nd 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 in the last quarter. Finally, Peapack Gladstone Financial Corp grew its stake in AT&T by 1.8% in the 2nd 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 in the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

NYSE T opened at $23.04 on Friday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.87 and a current ratio of 0.92. The firm’s 50 day moving average price is $25.42 and its 200-day moving average price is $25.88. AT&T Inc. has a 52-week low of $22.32 and a 52-week high of $29.79. The company has a market cap of $160.10 billion, a PE ratio of 7.73, a P/E/G ratio of 0.97 and a beta of 0.21.

AT&T (NYSE:TGet Free Report) last released 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 net margin of 16.94% and a return on equity of 12.49%. The firm had revenue of $31.51 billion for the quarter, compared to the consensus estimate of $31.29 billion. During the same period last year, the firm earned $0.51 earnings per share. The company’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. Sell-side analysts forecast that AT&T Inc. will post 2.31 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Friday, April 10th were paid a dividend of $0.2775 per share. The ex-dividend date was Friday, April 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.8%. AT&T’s dividend payout ratio (DPR) is currently 37.25%.

Key Headlines Impacting AT&T

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

Analyst Upgrades and Downgrades

T has been the topic of a number of research analyst reports. Weiss Ratings downgraded shares of AT&T from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. Morgan Stanley initiated coverage on shares of AT&T in a research note on Thursday, April 16th. They issued an “overweight” rating and a $30.00 target price on the stock. Arete Research upgraded shares of AT&T from a “sell” rating to a “neutral” rating and set a $28.00 target price on the stock in a research note on Tuesday, March 10th. Royal Bank Of Canada restated an “outperform” rating and issued a $31.00 target price on shares of AT&T in a research note on Wednesday, May 20th. Finally, Oppenheimer downgraded shares of AT&T from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.55.

Check Out Our Latest Research Report on T

AT&T Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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