Sterling Capital Management LLC Has $11.76 Million Holdings in AT&T Inc. $T

Sterling Capital Management LLC increased its position in shares of AT&T Inc. (NYSE:T) by 23.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 405,521 shares of the technology company’s stock after purchasing an additional 78,187 shares during the period. Sterling Capital Management LLC’s holdings in AT&T were worth $11,756,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Rachor Investment Advisory Services LLC bought a new stake in AT&T in the 4th quarter valued at $25,000. Safe Harbor Fiduciary LLC bought a new position in shares of AT&T during the 4th quarter worth about $25,000. Cresta Advisors Ltd. acquired a new stake in shares of AT&T during the 4th quarter valued at about $26,000. Blueline Advisors LLC acquired a new stake in shares of AT&T during the 4th quarter valued at about $26,000. Finally, Winnow Wealth LLC increased its stake in AT&T by 362.8% in the fourth quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company’s stock valued at $26,000 after acquiring an additional 820 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on T. Arete Research raised shares of AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price target for the company in a research report on Tuesday, March 10th. Morgan Stanley initiated coverage on AT&T in a report on Thursday, April 16th. They set an “overweight” rating and a $30.00 price objective on the stock. BNP Paribas Exane dropped their target price on AT&T from $28.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. Royal Bank Of Canada restated an “outperform” rating and set a $31.00 target price on shares of AT&T in a research report on Wednesday, May 20th. Finally, Citigroup boosted their price target on AT&T from $29.00 to $31.50 and gave the company a “buy” rating in a research note on Monday, March 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $30.55.

AT&T Trading Up 1.2%

Shares of AT&T stock opened at $22.70 on Friday. The stock has a market capitalization of $157.71 billion, a P/E ratio of 7.62, a price-to-earnings-growth ratio of 0.91 and a beta of 0.21. 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 company has a 50-day simple moving average of $24.42 and a 200 day simple moving average of $25.64. AT&T Inc. has a 12-month low of $21.99 and a 12-month high of $29.79.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. The firm had revenue of $31.51 billion for the quarter, compared to analyst estimates 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 period in the previous year, the business earned $0.51 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Research analysts expect that AT&T Inc. will post 2.31 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently announced 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. This represents a $1.11 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend is Friday, July 10th. AT&T’s payout ratio is presently 37.25%.

AT&T 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.