AT&T Inc. $T Shares Purchased by King Luther Capital Management Corp

King Luther Capital Management Corp increased its position in shares of AT&T Inc. (NYSE:T) by 6.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,974,381 shares of the technology company’s stock after acquiring an additional 118,809 shares during the period. King Luther Capital Management Corp’s holdings in AT&T were worth $49,044,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Key Financial Inc lifted its stake in AT&T by 2.3% during the 4th quarter. Key Financial Inc now owns 31,629 shares of the technology company’s stock worth $786,000 after acquiring an additional 717 shares in the last quarter. TrustBank acquired a new position in AT&T during the 4th quarter worth about $169,000. Flputnam Investment Management Co. lifted its stake in AT&T by 2.1% during the 4th quarter. Flputnam Investment Management Co. now owns 145,748 shares of the technology company’s stock worth $3,620,000 after acquiring an additional 2,980 shares in the last quarter. M3 Wealth Management LLC acquired a new position in AT&T during the 4th quarter worth about $357,000. Finally, Integrity Alliance LLC. lifted its stake in AT&T by 23.3% during the 4th quarter. Integrity Alliance LLC. now owns 102,942 shares of the technology company’s stock worth $2,557,000 after acquiring an additional 19,433 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Price Performance

Shares of NYSE T opened at $25.06 on Wednesday. The stock’s 50-day moving average is $26.56 and its two-hundred day moving average is $26.02. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.92 and a quick ratio of 0.87. AT&T Inc. has a 1-year low of $22.95 and a 1-year high of $29.79. The company has a market cap of $174.13 billion, a price-to-earnings ratio of 8.41, a price-to-earnings-growth ratio of 0.92 and a beta of 0.23.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.02. AT&T had a return on equity of 12.49% and a net margin of 16.94%.The company had revenue of $31.51 billion for the quarter, compared to the consensus estimate of $31.29 billion. During the same quarter in the prior year, the business earned $0.51 EPS. AT&T’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. Analysts forecast that AT&T Inc. will post 2.31 EPS for the current fiscal year.

AT&T Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Arete Research raised AT&T from a “sell” rating to a “neutral” rating and set a $28.00 target price on the stock in a research note on Tuesday, March 10th. Williams Trading set a $32.00 target price on AT&T in a research note on Thursday, January 29th. BNP Paribas Exane cut their price target on AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. TD Cowen restated a “hold” rating on shares of AT&T in a report on Thursday, January 29th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $33.00 price target on shares of AT&T in a report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, AT&T currently has an average rating of “Moderate Buy” and a consensus target price 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.