AT&T Inc. $T Stake Lifted by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. increased its position in AT&T Inc. (NYSE:T) by 15.3% in the 3rd quarter, Holdings Channel reports. The firm owned 1,956,998 shares of the technology company’s stock after buying an additional 260,138 shares during the period. Eurizon Capital SGR S.p.A.’s holdings in AT&T were worth $47,861,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Orion Capital Management LLC purchased a new position in shares of AT&T during the second quarter worth about $26,000. Addison Advisors LLC purchased a new stake in AT&T during the 2nd quarter valued at approximately $27,000. Robinswood Financial LLC purchased a new stake in AT&T during the 1st quarter valued at approximately $29,000. Matrix Trust Co raised its stake in AT&T by 331.8% during the 2nd quarter. Matrix Trust Co now owns 1,494 shares of the technology company’s stock valued at $31,000 after acquiring an additional 1,148 shares during the last quarter. Finally, North Point Portfolio Managers Corp OH acquired a new stake in AT&T during the 3rd quarter worth approximately $34,000. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T News Summary

Here’s some of the latest news about T:

• Neutral Sentiment: AT&T broke ground on a 54-acre global headquarters campus in Plano, Texas, including new fiber infrastructure. The project signals investment in its workforce and network capabilities, but also entails construction spending and is not an immediate earnings catalyst. AT&T Breaks Ground on New Global Headquarters
• Negative Sentiment: AT&T and Verizon plan to retire some copper landlines, prompting concerns among rural Texans who may rely on the service. The transition could bring customer, service-availability, and regulatory challenges. AT&T, Verizon Move to Retire Some Copper Landlines
• Negative Sentiment: A comparison of AT&T and Verizon favored Verizon, citing stronger cash flow, improving subscriber trends, and a growing fiber footprint—factors that may weigh on AT&T’s relative investor appeal. T vs. VZ: Which Telecom Stock Is a Better Investment Right Now?

AT&T Price Performance

Shares of NYSE:T opened at $22.15 on Friday. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.87 and a quick ratio of 0.82. The firm has a market capitalization of $149.23 billion, a price-to-earnings ratio of 11.97, a price-to-earnings-growth ratio of 1.10 and a beta of 0.30. The business’s 50 day simple moving average is $23.57 and its 200-day simple moving average is $24.88. AT&T Inc. has a 12 month low of $19.89 and a 12 month high of $29.43.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, October 21st. The technology company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.60 by $0.05. The business had revenue of $32.32 billion for the quarter, compared to analyst estimates of $31.69 billion. AT&T had a net margin of 10.19% and a return on equity of 13.41%. The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.54 earnings per share. As a group, equities analysts forecast that AT&T Inc. will post 2.40 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 2nd. Investors of record on Monday, October 12th were given a dividend of $0.2775 per share. The ex-dividend date was Friday, October 9th. This represents a $1.11 annualized dividend and a yield of 5.0%. AT&T’s dividend payout ratio is 60.00%.

Analyst Ratings Changes

Several research analysts have weighed in on T shares. Citigroup lowered their target price on AT&T from $31.50 to $28.00 and set a “buy” rating on the stock in a research note on Thursday, July 23rd. The Goldman Sachs Group set a $27.00 price target on AT&T in a research note on Wednesday, October 21st. BNP Paribas Exane upgraded AT&T from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $26.00 to $30.00 in a research note on Monday, September 21st. Moffett Nathanson decreased their price target on AT&T from $24.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, September 22nd. Finally, Raymond James Financial cut their price objective on shares of AT&T from $33.00 to $29.00 in a research report on Thursday, October 22nd. Twelve equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $27.56.

AT&T Company Profile

AT&T Inc. (NYSE: T) is a telecommunications company that provides wireless communications, broadband, and related connectivity services. Its offerings include mobile voice and data plans, internet access, fiber broadband, fixed wireless services, and business communications solutions. The company serves consumers, businesses, government agencies, and other organizations primarily in the United States. AT&T’s business operations include wireless network services, wireline connectivity, fiber-optic internet, voice services, and networking solutions designed to connect locations, devices, and applications.