Synovus Financial Corp Has $25.39 Million Stock Holdings in AT&T Inc. $T

Synovus Financial Corp boosted its position in shares of AT&T Inc. (NYSE:T) by 7.4% in the third quarter, Holdings Channel.com reports. The firm owned 899,194 shares of the technology company’s stock after purchasing an additional 62,342 shares during the period. Synovus Financial Corp’s holdings in AT&T were worth $25,394,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Front Row Advisors LLC acquired a new position in shares of AT&T during the 2nd quarter worth $25,000. Mountain Hill Investment Partners Corp. boosted its holdings in AT&T by 363.7% in the third quarter. Mountain Hill Investment Partners Corp. now owns 895 shares of the technology company’s stock worth $25,000 after purchasing an additional 702 shares in the last quarter. Solstein Capital LLC increased its position in AT&T by 217.3% during the second quarter. Solstein Capital LLC now owns 952 shares of the technology company’s stock worth $28,000 after buying an additional 652 shares during the last quarter. Curio Wealth LLC boosted its stake in shares of AT&T by 26,100.0% during the 2nd quarter. Curio Wealth LLC now owns 1,048 shares of the technology company’s stock worth $30,000 after acquiring an additional 1,044 shares in the last quarter. Finally, Cloud Capital Management LLC acquired a new position in shares of AT&T during the 3rd quarter valued at about $31,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Down 2.8%

Shares of T stock opened at $27.89 on Thursday. AT&T Inc. has a one year low of $22.95 and a one year high of $29.79. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.91 and a quick ratio of 0.86. The stock has a fifty day moving average price of $25.11 and a 200 day moving average price of $26.36. The stock has a market cap of $195.21 billion, a P/E ratio of 9.14, a price-to-earnings-growth ratio of 1.06 and a beta of 0.39.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, January 28th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.06. AT&T had a net margin of 17.47% and a return on equity of 12.33%. The company had revenue of $33.47 billion during the quarter, compared to analysts’ expectations of $32.91 billion. During the same quarter in the prior year, the company posted $0.43 EPS. The business’s revenue was up 3.6% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Analysts predict that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 2nd. Investors of record on Monday, January 12th were given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Monday, January 12th. AT&T’s dividend payout ratio (DPR) is 36.39%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Citigroup reduced their price objective on shares of AT&T from $32.00 to $29.00 and set a “buy” rating for the company in a research note on Monday, December 22nd. UBS Group reaffirmed a “buy” rating on shares of AT&T in a research report on Thursday, January 29th. Williams Trading set a $32.00 price objective on AT&T in a research report on Thursday, January 29th. Barclays dropped their target price on shares of AT&T from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 13th. Finally, Arete Research set a $20.00 price target on shares of AT&T in a report on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, AT&T has a consensus rating of “Moderate Buy” and a consensus price target of $29.93.

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.