Jefferies Financial Group Inc. Has $1.02 Million Holdings in AT&T Inc. $T

Jefferies Financial Group Inc. decreased its holdings in AT&T Inc. (NYSE:T) by 96.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 41,087 shares of the technology company’s stock after selling 977,589 shares during the quarter. Jefferies Financial Group Inc.’s holdings in AT&T were worth $1,021,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of AT&T by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 664,055,700 shares of the technology company’s stock valued at $16,495,144,000 after buying an additional 3,585,661 shares in the last quarter. State Street Corp raised its stake in shares of AT&T by 0.8% in the 3rd quarter. State Street Corp now owns 323,775,045 shares of the technology company’s stock valued at $9,143,407,000 after buying an additional 2,704,536 shares in the last quarter. Capital Research Global Investors raised its stake in shares of AT&T by 0.6% in the 3rd quarter. Capital Research Global Investors now owns 65,607,835 shares of the technology company’s stock valued at $1,852,765,000 after buying an additional 370,455 shares in the last quarter. Invesco Ltd. raised its stake in shares of AT&T by 8.6% in the 3rd quarter. Invesco Ltd. now owns 57,823,362 shares of the technology company’s stock valued at $1,632,932,000 after buying an additional 4,584,316 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in shares of AT&T by 1.4% in the 3rd quarter. Legal & General Group Plc now owns 48,559,566 shares of the technology company’s stock valued at $1,371,322,000 after buying an additional 691,221 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Down 0.1%

Shares of NYSE:T opened at $24.87 on Friday. AT&T Inc. has a 12 month low of $22.95 and a 12 month high of $29.79. The company’s 50-day moving average price is $26.44 and its two-hundred day moving average price is $26.02. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 1.05. The firm has a market cap of $172.77 billion, a P/E ratio of 8.34, a P/E/G ratio of 0.91 and a beta of 0.23.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, April 22nd. The technology company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $31.29 billion. During the same quarter in the prior year, the firm earned $0.51 EPS. The company’s 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. As a group, research analysts forecast that AT&T Inc. will post 2.31 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Friday, April 10th were issued a dividend of $0.2775 per share. The ex-dividend date of this dividend was Friday, April 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.5%. AT&T’s dividend payout ratio is currently 37.25%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on T shares. BNP Paribas Exane lowered their target price 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. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $33.00 target price on shares of AT&T in a report on Thursday, January 29th. Arete Research raised shares of AT&T from a “sell” rating to a “neutral” rating and set a $28.00 target price on the stock in a report on Tuesday, March 10th. Morgan Stanley started coverage on shares of AT&T in a report on Thursday, April 16th. They issued an “overweight” rating and a $30.00 target price on the stock. Finally, Citigroup upped their target price 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. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, AT&T currently has a consensus rating of “Moderate Buy” and a consensus 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.