3,511,472 Shares in AT&T Inc. $T Acquired by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. purchased a new stake in shares of AT&T Inc. (NYSE:T) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 3,511,472 shares of the technology company’s stock, valued at approximately $87,225,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in T. GGM Financials LLC bought a new position in AT&T during the 3rd quarter valued at $25,000. Rachor Investment Advisory Services LLC bought a new position in AT&T during the 4th quarter valued at $25,000. Cresta Advisors Ltd. acquired a new stake in shares of AT&T during the 4th quarter valued at $26,000. OFI Invest Asset Management lifted its holdings in shares of AT&T by 84.2% in the fourth quarter. OFI Invest Asset Management now owns 1,087,055 shares of the technology company’s stock valued at $27,000 after purchasing an additional 496,804 shares in the last quarter. Finally, Eagle Bay Advisors LLC purchased a new stake in shares of AT&T in the fourth quarter valued at $29,000. 57.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on T. KeyCorp increased their target price on AT&T from $30.00 to $36.00 and gave the company an “overweight” rating in a report on Wednesday, March 25th. Royal Bank Of Canada restated an “outperform” rating and issued a $31.00 target price on shares of AT&T in a report on Wednesday, May 20th. BNP Paribas Exane reduced 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. UBS Group restated a “buy” rating on shares of AT&T in a report on Thursday, January 29th. Finally, Scotiabank reduced their price objective on AT&T from $31.50 to $31.00 and set a “sector perform” rating for the company in a research report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $30.55.

AT&T Stock Performance

Shares of T opened at $24.87 on Friday. The firm has a market cap of $172.77 billion, a price-to-earnings ratio of 8.34, a price-to-earnings-growth ratio of 0.91 and a beta of 0.23. The company’s fifty day moving average is $26.44 and its 200-day moving average is $26.02. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 1.05. AT&T Inc. has a 12 month low of $22.95 and a 12 month high of $29.79.

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

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Friday, April 10th were paid a $0.2775 dividend. The ex-dividend date was Friday, April 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.5%. AT&T’s dividend payout ratio (DPR) is presently 37.25%.

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.