Alley Investment Management Company LLC Has $6.16 Million Holdings in AT&T Inc. $T

Alley Investment Management Company LLC grew its position in shares of AT&T Inc. (NYSE:T) by 25.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 212,637 shares of the technology company’s stock after buying an additional 42,909 shares during the quarter. Alley Investment Management Company LLC’s holdings in AT&T were worth $6,164,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. World Investment Advisors increased its stake in shares of AT&T by 85.0% in the 4th quarter. World Investment Advisors now owns 338,942 shares of the technology company’s stock valued at $8,419,000 after buying an additional 155,728 shares during the period. Annex Advisory Services LLC lifted its stake in shares of AT&T by 749.1% during the fourth quarter. Annex Advisory Services LLC now owns 159,598 shares of the technology company’s stock valued at $3,964,000 after acquiring an additional 140,802 shares during the period. Cerity Partners LLC boosted its holdings in AT&T by 3.7% in the fourth quarter. Cerity Partners LLC now owns 1,668,862 shares of the technology company’s stock valued at $41,449,000 after acquiring an additional 59,279 shares during the last quarter. ING Groep NV boosted its holdings in AT&T by 120.3% in the fourth quarter. ING Groep NV now owns 2,050,310 shares of the technology company’s stock valued at $50,930,000 after acquiring an additional 1,119,731 shares during the last quarter. Finally, WealthPlan Investment Management LLC increased its position in AT&T by 415.0% in the fourth quarter. WealthPlan Investment Management LLC now owns 63,357 shares of the technology company’s stock worth $1,574,000 after purchasing an additional 51,055 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Royal Bank Of Canada reissued an “outperform” rating and set a $31.00 price objective on shares of AT&T in a report on Wednesday, May 20th. Scotiabank lowered their price target on shares of AT&T from $31.50 to $31.00 and set a “sector perform” rating for the company in a research report on Thursday, April 23rd. Wall Street Zen raised shares of AT&T from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Citigroup upped their target price on shares of AT&T from $29.00 to $31.50 and gave the company a “buy” rating in a research report on Monday, March 23rd. Finally, Oppenheimer lowered AT&T from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 3rd. One equities research 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.55.

AT&T News Summary

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

• Positive Sentiment: AT&T announced an expansion of its Build-A-Plan offering, making wireless plans more customizable and easier to bundle with home internet, which could support customer growth and reduce churn. Article title
• Neutral Sentiment: AT&T is heading into its next earnings report with analysts expecting only modest earnings growth, so investors are watching for guidance rather than a major surprise. Article title
• Neutral Sentiment: Commentary around AT&T’s valuation and dividend yield continues to frame the stock as a high-yield telecom name, but that support has been overshadowed by recent market selling and index-related pressure. Article title
• Negative Sentiment: Reports that SpaceX may enter the mobile phone market intensified fears of new competition for AT&T’s wireless business, contributing to selling across telecom stocks. Article title
• Negative Sentiment: AT&T was also hit by broader telecom-sector weakness after reports of satellite connectivity developments, plus concerns about competitive and regulatory headwinds and the CFO’s planned retirement. Article title
• Negative Sentiment: AT&T hit a new 52-week low, underscoring weak technical momentum and reinforcing bearish trader sentiment. Article title

AT&T Trading Down 5.2%

NYSE T opened at $20.70 on Wednesday. AT&T Inc. has a one year low of $20.57 and a one year high of $29.79. 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 firm has a market cap of $143.80 billion, a P/E ratio of 6.94, a P/E/G ratio of 0.89 and a beta of 0.21. The stock’s 50-day moving average is $24.21 and its 200-day moving average is $25.60.

AT&T (NYSE:T) last issued its quarterly earnings data 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 business had revenue of $31.51 billion during the quarter, compared to analyst estimates of $31.29 billion. During the same period in the previous year, the firm earned $0.51 EPS. AT&T’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. Sell-side analysts anticipate that AT&T Inc. will post 2.31 earnings per share for the current fiscal year.

AT&T Announces Dividend

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

AT&T 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.