AT&T Inc. $T Shares Purchased by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd boosted its holdings in AT&T Inc. (NYSE:TFree Report) by 247.4% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 207,823 shares of the technology company’s stock after acquiring an additional 148,008 shares during the period. Mediolanum International Funds Ltd’s holdings in AT&T were worth $5,981,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Spartan Wealth Advisory Services LLC bought a new stake in shares of AT&T in the 1st quarter worth approximately $467,000. WealthTrust Asset Management LLC bought a new position in AT&T during the 1st quarter worth $321,000. ANB Bank bought a new position in AT&T during the 1st quarter worth $220,000. Annis Gardner Whiting Capital Advisors LLC increased its position in AT&T by 62.6% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 12,281 shares of the technology company’s stock worth $356,000 after buying an additional 4,727 shares during the period. Finally, GatePass Capital LLC increased its position in AT&T by 7.9% in the first quarter. GatePass Capital LLC now owns 18,013 shares of the technology company’s stock worth $522,000 after buying an additional 1,326 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Royal Bank Of Canada cut their target price on AT&T from $31.00 to $27.00 and set an “outperform” rating on the stock in a research note on Monday. Scotiabank lowered their price target on shares of AT&T from $31.00 to $29.25 and set a “sector perform” rating for the company in a research report on Wednesday, July 15th. Citigroup increased their price objective on shares of AT&T from $29.00 to $31.50 and gave the stock a “buy” rating in a report on Monday, March 23rd. Sanford C. Bernstein reiterated an “outperform” rating and issued a $25.00 price objective on shares of AT&T in a research report on Monday, July 13th. 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 equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, AT&T currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.14.

View Our Latest Stock Report on AT&T

Key Headlines Impacting AT&T

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

AT&T Stock Performance

T stock opened at $22.00 on Tuesday. The company has a 50-day simple moving average of $22.92 and a 200 day simple moving average of $25.28. The company has a market capitalization of $152.83 billion, a P/E ratio of 7.38, a PEG ratio of 0.86 and a beta of 0.24. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 1.05. AT&T Inc. has a fifty-two week low of $19.89 and a fifty-two week high of $29.79.

AT&T (NYSE:TGet Free Report) last released its earnings results on Wednesday, April 22nd. The technology company reported $0.57 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $31.29 billion. During the same quarter last year, the company earned $0.51 EPS. AT&T’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 predict that AT&T Inc. will post 2.32 earnings per share for the current fiscal year.

AT&T Dividend Announcement

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 issued a $0.2775 dividend. The ex-dividend date is Friday, July 10th. This represents a $1.11 annualized dividend and a dividend yield of 5.0%. AT&T’s dividend payout ratio (DPR) is 37.25%.

About AT&T

(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.

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

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