AT&T Inc. $T Shares Bought by Harbour Investments Inc.

Harbour Investments Inc. raised its stake in AT&T Inc. (NYSE:T) by 112.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 311,203 shares of the technology company’s stock after acquiring an additional 165,024 shares during the quarter. Harbour Investments Inc.’s holdings in AT&T were worth $7,730,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GGM Financials LLC purchased a new stake in shares of AT&T in the third quarter valued at $25,000. Rachor Investment Advisory Services LLC purchased a new stake in shares of AT&T in the fourth quarter valued at $25,000. Cresta Advisors Ltd. purchased a new stake in shares of AT&T in the fourth quarter valued at $26,000. OFI Invest Asset Management grew its position in shares of AT&T by 84.2% in the fourth quarter. OFI Invest Asset Management now owns 1,087,055 shares of the technology company’s stock valued at $27,000 after purchasing an additional 496,804 shares during the period. Finally, Eagle Bay Advisors LLC purchased a new stake in shares of AT&T in the fourth quarter valued at $29,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

T stock opened at $25.29 on Tuesday. The stock has a 50-day moving average price of $26.61 and a two-hundred day moving average price of $26.01. AT&T Inc. has a 12-month low of $22.95 and a 12-month high of $29.79. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 1.05. The company has a market cap of $175.74 billion, a PE ratio of 8.49, a price-to-earnings-growth ratio of 0.92 and a beta of 0.23.

AT&T (NYSE:T) last posted its quarterly earnings results 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 firm had revenue of $31.51 billion during the quarter, compared to the consensus estimate 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. As a group, research analysts predict that AT&T Inc. will post 2.31 EPS for the current year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Friday, April 10th were given a $0.2775 dividend. The ex-dividend date of this dividend was Friday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.4%. AT&T’s dividend payout ratio is presently 37.25%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on T shares. Morgan Stanley started coverage on AT&T in a research report on Thursday, April 16th. They issued an “overweight” rating and a $30.00 price objective for the company. Arete Research raised AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price objective for the company in a research report on Tuesday, March 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $33.00 price target on shares of AT&T in a research report on Thursday, January 29th. TD Cowen reissued a “hold” rating on shares of AT&T in a research report on Thursday, January 29th. Finally, Williams Trading set a $32.00 price target on AT&T in a research report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $30.55.

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.