NEOS Investment Management LLC Grows Stock Position in AT&T Inc. $T

NEOS Investment Management LLC boosted its position in AT&T Inc. (NYSE:T) by 50.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 911,610 shares of the technology company’s stock after buying an additional 307,667 shares during the period. NEOS Investment Management LLC’s holdings in AT&T were worth $25,744,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of T. Norges Bank purchased a new position in AT&T during the second quarter worth about $2,228,655,000. Vanguard Group Inc. boosted its holdings in AT&T by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 661,355,210 shares of the technology company’s stock valued at $19,139,620,000 after purchasing an additional 10,310,560 shares in the last quarter. Marshall Wace LLP acquired a new position in AT&T during the 2nd quarter worth approximately $235,422,000. State Street Corp raised its stake in shares of AT&T by 2.4% during the 2nd quarter. State Street Corp now owns 321,070,509 shares of the technology company’s stock worth $9,291,781,000 after buying an additional 7,404,376 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in shares of AT&T by 59.6% in the 2nd quarter. Acadian Asset Management LLC now owns 14,493,357 shares of the technology company’s stock valued at $419,403,000 after buying an additional 5,410,596 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Trading Down 0.4%

NYSE:T opened at $28.70 on Tuesday. AT&T Inc. has a 52-week low of $22.95 and a 52-week high of $29.79. The company has a quick ratio of 0.86, a current ratio of 0.91 and a debt-to-equity ratio of 1.00. The stock has a fifty day simple moving average of $24.95 and a 200-day simple moving average of $26.34. The company has a market capitalization of $200.88 billion, a PE ratio of 9.41, a price-to-earnings-growth ratio of 1.06 and a beta of 0.39.

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

AT&T Announces Dividend

The business also recently disclosed 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 3.9%. The ex-dividend date was Monday, January 12th. AT&T’s payout ratio is currently 36.39%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on T shares. Loop Capital set a $29.00 price objective on AT&T in a report on Friday, December 19th. Wells Fargo & Company lowered their price target on shares of AT&T from $29.00 to $27.00 and set an “overweight” rating on the stock in a research note on Monday, January 26th. TD Cowen reiterated a “hold” rating on shares of AT&T in a report on Thursday, January 29th. Morgan Stanley decreased their price objective on shares of AT&T from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Wednesday, December 10th. Finally, Sanford C. Bernstein lowered their target price on shares of AT&T from $31.00 to $30.00 and set an “outperform” rating on the stock in a research report on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average 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.