BI Asset Management Fondsmaeglerselskab A S Has $15.75 Million Stock Position in AT&T Inc. $T

BI Asset Management Fondsmaeglerselskab A S lessened its position in shares of AT&T Inc. (NYSE:TFree Report) by 24.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 557,579 shares of the technology company’s stock after selling 179,579 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in AT&T were worth $15,746,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in AT&T by 1.6% in the second quarter. Vanguard Group Inc. now owns 661,355,210 shares of the technology company’s stock worth $19,139,620,000 after purchasing an additional 10,310,560 shares in the last quarter. State Street Corp grew its stake in shares of AT&T by 2.4% in the 2nd quarter. State Street Corp now owns 321,070,509 shares of the technology company’s stock valued at $9,291,781,000 after purchasing an additional 7,404,376 shares during the period. Geode Capital Management LLC raised its holdings in shares of AT&T by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 172,039,872 shares of the technology company’s stock worth $4,958,066,000 after buying an additional 2,066,026 shares in the last quarter. Norges Bank bought a new position in shares of AT&T during the 2nd quarter worth approximately $2,228,655,000. Finally, Ameriprise Financial Inc. boosted its stake in AT&T by 8.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 55,247,484 shares of the technology company’s stock valued at $1,598,697,000 after buying an additional 4,404,688 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T News Summary

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

AT&T Trading Up 0.2%

T opened at $27.27 on Friday. AT&T Inc. has a 1-year low of $22.95 and a 1-year high of $29.79. The stock has a market capitalization of $193.30 billion, a PE ratio of 8.94, a PEG ratio of 1.01 and a beta of 0.39. The company has a current ratio of 0.91, a quick ratio of 0.86 and a debt-to-equity ratio of 1.00. The firm has a 50-day moving average price of $24.59 and a two-hundred day moving average price of $26.33.

AT&T (NYSE:TGet Free Report) last released its quarterly earnings results on Wednesday, January 28th. The technology company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.46 by $0.06. AT&T had a net margin of 17.47% and a return on equity of 12.33%. The business had revenue of $33.47 billion for the quarter, compared to analysts’ expectations of $32.91 billion. During the same period in the prior year, the firm earned $0.43 earnings per share. AT&T’s revenue was up 3.6% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, equities analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Monday, January 12th were paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, January 12th. AT&T’s dividend payout ratio (DPR) is 36.39%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Morgan Stanley dropped their price objective on AT&T from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Wednesday, December 10th. Arete Research set a $20.00 target price on shares of AT&T in a research report on Tuesday, January 6th. 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 report on Monday, January 26th. Royal Bank Of Canada decreased their price objective on shares of AT&T from $31.00 to $30.00 and set an “outperform” rating on the stock in a research note on Thursday, October 23rd. Finally, KeyCorp reaffirmed an “overweight” rating on shares of AT&T in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.83.

View Our Latest Research Report on AT&T

AT&T Profile

(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.

See Also

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

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