Income Insurance Ltd Invests $536,000 in AT&T Inc. $T

Income Insurance Ltd bought a new position in shares of AT&T Inc. (NYSE:T) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 21,575 shares of the technology company’s stock, valued at approximately $536,000.

Other institutional investors also recently modified their holdings of the company. Mountain Hill Investment Partners Corp. raised its position in shares of AT&T by 363.7% during 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 during the period. GGM Financials LLC acquired a new position in shares of AT&T during the third quarter worth approximately $25,000. Rachor Investment Advisory Services LLC acquired a new position in shares of AT&T during the fourth quarter worth approximately $25,000. Cresta Advisors Ltd. acquired a new position in shares of AT&T during the fourth quarter worth approximately $26,000. Finally, Cloud Capital Management LLC acquired a new position in shares of AT&T during the third quarter worth approximately $31,000. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Price Performance

T opened at $25.14 on Friday. The firm has a market cap of $174.69 billion, a P/E ratio of 8.44, a PEG ratio of 0.93 and a beta of 0.23. The firm has a 50-day moving average of $27.36 and a 200 day moving average of $26.04. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.87 and a current ratio of 0.92. AT&T Inc. has a fifty-two week low of $22.95 and a fifty-two week high of $29.79.

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

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Friday, April 10th were issued a $0.2775 dividend. The ex-dividend date of this dividend was Friday, April 10th. This represents a $1.11 annualized dividend and a yield of 4.4%. AT&T’s dividend payout ratio (DPR) is 37.25%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Scotiabank lowered their target price on AT&T from $31.50 to $31.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 23rd. Citigroup increased their price target on AT&T from $29.00 to $31.50 and gave the company a “buy” rating in a research report on Monday, March 23rd. Morgan Stanley initiated coverage on AT&T in a research report on Thursday, April 16th. They issued an “overweight” rating and a $30.00 price target for the company. Arete Research raised 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. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $33.00 price target on shares of AT&T in a research report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $30.55.

About AT&T

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.