Global Retirement Partners LLC Buys 103,113 Shares of AT&T Inc. $T

Global Retirement Partners LLC lifted its stake in AT&T Inc. (NYSE:T) by 55.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 288,882 shares of the technology company’s stock after buying an additional 103,113 shares during the period. Global Retirement Partners LLC’s holdings in AT&T were worth $7,176,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. GGM Financials LLC bought a new stake in shares of AT&T in the third quarter valued at about $25,000. Rachor Investment Advisory Services LLC bought a new stake in shares of AT&T in the fourth quarter valued at about $25,000. Cresta Advisors Ltd. bought a new stake in shares of AT&T in the fourth quarter valued at about $26,000. Cloud Capital Management LLC bought a new stake in shares of AT&T in the third quarter valued at about $31,000. Finally, Eagle Bay Advisors LLC bought a new stake in shares of AT&T in the fourth quarter valued at about $29,000. Institutional investors own 57.10% of the company’s stock.

AT&T News Summary

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

• Positive Sentiment: AT&T announced a $19 billion California fiber and wireless expansion through 2030, a major infrastructure commitment that could support future growth and network quality.
• Positive Sentiment: The company launched Build-A-Plan, a flexible wireless package that could help AT&T attract budget-conscious customers and reduce churn.
• Neutral Sentiment: AT&T sued California to end its obligation to offer traditional copper phone service to new customers, a move that may help modernization but could draw regulatory pushback.
• Neutral Sentiment: Analyst and media commentary remained mixed, including cautionary remarks from Jim Cramer, but these views are not tied to a major change in fundamentals.

AT&T Stock Up 1.7%

Shares of T opened at $25.36 on Friday. The stock has a market cap of $176.18 billion, a price-to-earnings ratio of 8.51, a P/E/G ratio of 0.92 and a beta of 0.23. 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 12 month low of $22.95 and a 12 month high of $29.79. The company has a 50-day moving average price of $26.69 and a two-hundred day moving average price of $26.00.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. The firm had revenue of $31.51 billion during the quarter, compared to analysts’ expectations of $31.29 billion. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.51 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities analysts predict that AT&T Inc. will post 2.31 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Friday, April 10th were paid a dividend of $0.2775 per share. The ex-dividend date was Friday, April 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.4%. AT&T’s dividend payout ratio (DPR) is currently 37.25%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on T shares. TD Cowen reiterated a “hold” rating on shares of AT&T in a research note on Thursday, January 29th. UBS Group reiterated a “buy” rating on shares of AT&T in a research note on Thursday, January 29th. BNP Paribas Exane cut their price target on shares of AT&T from $28.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. Wells Fargo & Company cut their price target on shares of AT&T from $29.00 to $27.00 and set an “overweight” rating for the company in a research note on Monday, January 26th. Finally, Oppenheimer raised their price target on shares of AT&T from $29.00 to $32.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 11th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $30.55.

AT&T Company 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.