Man Group plc Increases Stake in AT&T Inc. $T

Man Group plc lifted its stake in shares of AT&T Inc. (NYSE:T) by 525.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,255,743 shares of the technology company’s stock after buying an additional 6,095,400 shares during the quarter. Man Group plc’s holdings in AT&T were worth $180,233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of T. IHT Wealth Management LLC grew its holdings in AT&T by 0.5% in the fourth quarter. IHT Wealth Management LLC now owns 140,997 shares of the technology company’s stock worth $3,503,000 after purchasing an additional 698 shares during the period. Infrastructure Capital Advisors LLC grew its holdings in AT&T by 5.8% in the fourth quarter. Infrastructure Capital Advisors LLC now owns 12,554 shares of the technology company’s stock worth $312,000 after purchasing an additional 684 shares during the period. Investment Management Corp of Ontario grew its holdings in AT&T by 25.5% in the fourth quarter. Investment Management Corp of Ontario now owns 719,659 shares of the technology company’s stock worth $17,876,000 after purchasing an additional 146,362 shares during the period. Janus Henderson Group PLC grew its holdings in AT&T by 10.2% in the fourth quarter. Janus Henderson Group PLC now owns 1,008,239 shares of the technology company’s stock worth $25,059,000 after purchasing an additional 93,278 shares during the period. Finally, Gotham Asset Management LLC grew its holdings in AT&T by 30.1% in the fourth quarter. Gotham Asset Management LLC now owns 1,474,847 shares of the technology company’s stock worth $36,635,000 after purchasing an additional 340,924 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analysts Set New Price Targets

T has been the topic of a number of recent research reports. KeyCorp upped their price objective on shares of AT&T from $30.00 to $36.00 and gave the stock an “overweight” rating in a report on Wednesday, March 25th. Royal Bank Of Canada restated an “outperform” rating and issued a $31.00 price objective on shares of AT&T in a report on Wednesday, May 20th. Wall Street Zen cut shares of AT&T from a “hold” rating to a “sell” rating in a report on Saturday, May 30th. Weiss Ratings cut shares of AT&T from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Finally, Arete Research upgraded shares of AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price objective on the stock in a 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 issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $30.55.

AT&T Trading Down 3.1%

Shares of NYSE T opened at $22.43 on Thursday. The firm’s 50 day moving average price is $25.00 and its 200-day moving average price is $25.80. The company has a market cap of $155.87 billion, a PE ratio of 7.53, a P/E/G ratio of 0.96 and a beta of 0.21. AT&T Inc. has a 52-week low of $22.25 and a 52-week high of $29.79. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.87 and a current ratio of 0.92.

AT&T (NYSE:T) last issued its earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.02. The firm had revenue of $31.51 billion for the quarter, compared to the consensus estimate of $31.29 billion. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The business’s revenue was up 2.9% on a year-over-year basis. During the same quarter 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. On average, equities research analysts expect that AT&T Inc. will post 2.31 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Friday, April 10th were paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.9%. The ex-dividend date was Friday, April 10th. 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.