AT&T Inc. $T Shares Acquired by First Horizon Corp

First Horizon Corp lifted its stake in shares of AT&T Inc. (NYSE:T) by 28.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 368,309 shares of the technology company’s stock after buying an additional 81,397 shares during the quarter. First Horizon Corp’s holdings in AT&T were worth $10,677,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. IFM Investors Pty Ltd grew its holdings in shares of AT&T by 5.3% during the first quarter. IFM Investors Pty Ltd now owns 1,488,172 shares of the technology company’s stock valued at $43,142,000 after purchasing an additional 74,684 shares during the last quarter. World Investment Advisors lifted its holdings 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 worth $8,419,000 after purchasing an additional 155,728 shares during the last quarter. Annex Advisory Services LLC boosted its position in AT&T by 749.1% during the 4th quarter. Annex Advisory Services LLC now owns 159,598 shares of the technology company’s stock valued at $3,964,000 after purchasing an additional 140,802 shares during the period. Cerity Partners LLC boosted its position in AT&T by 3.7% during the 4th quarter. Cerity Partners LLC now owns 1,668,862 shares of the technology company’s stock valued at $41,449,000 after purchasing an additional 59,279 shares during the period. Finally, ING Groep NV grew its stake in AT&T by 120.3% during the 4th quarter. ING Groep NV now owns 2,050,310 shares of the technology company’s stock worth $50,930,000 after buying an additional 1,119,731 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on T shares. Morgan Stanley dropped their target price on AT&T from $30.00 to $25.00 and set an “overweight” rating on the stock in a research report on Tuesday. Wells Fargo & Company started coverage on shares of AT&T in a research report on Wednesday. They set an “underweight” rating and a $18.00 price target for the company. BNP Paribas Exane dropped their price objective 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 lifted their price objective 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, KeyCorp boosted their target price on shares of AT&T from $30.00 to $36.00 and gave the company an “overweight” rating in a research note on Wednesday, March 25th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $29.68.

AT&T Price Performance

Shares of T opened at $21.02 on Friday. AT&T Inc. has a one year low of $19.89 and a one year high of $29.79. The stock’s fifty day moving average is $23.47 and its 200-day moving average is $25.43. 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 has a market capitalization of $146.04 billion, a price-to-earnings ratio of 7.05, a price-to-earnings-growth ratio of 0.86 and a beta of 0.24.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, April 22nd. The technology company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.02. The business had revenue of $31.51 billion during 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 company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.51 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities analysts anticipate that AT&T Inc. will post 2.31 EPS for the current year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date is Friday, July 10th. AT&T’s dividend payout ratio (DPR) is currently 37.25%.

Trending Headlines about AT&T

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

• Positive Sentiment: AT&T ranked #1 in customer satisfaction for small business internet service by JD Power, highlighting strong product quality and support for its business connectivity strategy.
• Positive Sentiment: Coverage suggesting AT&T is gaining an edge as a bankrupt carrier exits the market could support market-share expectations and sentiment.
• Neutral Sentiment: New comparisons versus Verizon keep AT&T in focus as investors assess fiber and wireless growth prospects versus valuation.
• Negative Sentiment: Wells Fargo initiated AT&T with an underweight rating and an $18 price target, signaling concern about near-term upside.
• Negative Sentiment: Barclays cut its price target on AT&T to $24 from $26, reflecting a more cautious valuation view.

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.