United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Acquires Shares of 1,895,960 AT&T Inc. $T

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in AT&T Inc. (NYSE:T) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 1,895,960 shares of the technology company’s stock, valued at approximately $47,096,000.

Other large investors have also bought and sold shares of the company. GGM Financials LLC purchased a new stake in AT&T in the third quarter worth $25,000. Rachor Investment Advisory Services LLC bought a new position in shares of AT&T during the 4th quarter worth $25,000. Cresta Advisors Ltd. bought a new position in shares of AT&T during the 4th quarter worth $26,000. OFI Invest Asset Management grew its stake in shares of AT&T by 84.2% during the 4th quarter. OFI Invest Asset Management now owns 1,087,055 shares of the technology company’s stock worth $27,000 after acquiring an additional 496,804 shares during the period. Finally, Eagle Bay Advisors LLC bought a new position in shares of AT&T during the 4th quarter worth $29,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

T has been the subject of several research reports. Oppenheimer increased their price target on AT&T from $29.00 to $32.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 11th. KeyCorp increased their price target on AT&T from $30.00 to $36.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 25th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $33.00 price target on shares of AT&T in a research note on Thursday, January 29th. Scotiabank cut their price target on AT&T from $31.50 to $31.00 and set a “sector perform” rating for the company in a research note on Thursday, April 23rd. Finally, Arete Research upgraded AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price target for the company in a research note on Tuesday, March 10th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $30.55.

AT&T Stock Performance

NYSE:T opened at $24.87 on Friday. The business’s 50-day moving average price is $26.44 and its two-hundred day moving average price is $26.02. AT&T Inc. has a twelve month low of $22.95 and a twelve month high of $29.79. The stock has a market cap of $172.77 billion, a P/E ratio of 8.34, a PEG ratio of 0.91 and a beta of 0.23. 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 (NYSE:T) last released 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 return on equity of 12.49% and a net margin of 16.94%.The firm had revenue of $31.51 billion for the quarter, compared to analysts’ expectations of $31.29 billion. During the same quarter last year, the firm posted $0.51 EPS. The company’s revenue was up 2.9% 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 predict that AT&T Inc. will post 2.31 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 1st. Shareholders 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 dividend yield of 4.5%. AT&T’s dividend payout ratio (DPR) is presently 37.25%.

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.