Talbot Financial LLC Has $10.48 Million Stock Holdings in AT&T Inc. $T

Talbot Financial LLC grew its position in AT&T Inc. (NYSE:T) by 5.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 422,027 shares of the technology company’s stock after purchasing an additional 21,856 shares during the period. Talbot Financial LLC’s holdings in AT&T were worth $10,483,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. State Street Corp raised its holdings in AT&T by 0.8% in the third quarter. State Street Corp now owns 323,775,045 shares of the technology company’s stock worth $9,143,407,000 after purchasing an additional 2,704,536 shares during the period. Capital Research Global Investors raised its holdings in AT&T by 0.6% in the third quarter. Capital Research Global Investors now owns 65,607,835 shares of the technology company’s stock worth $1,852,765,000 after purchasing an additional 370,455 shares during the period. Invesco Ltd. raised its holdings in shares of AT&T by 8.6% during the third quarter. Invesco Ltd. now owns 57,823,362 shares of the technology company’s stock worth $1,632,932,000 after acquiring an additional 4,584,316 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of AT&T by 8.7% during the second quarter. Ameriprise Financial Inc. now owns 55,247,484 shares of the technology company’s stock worth $1,598,697,000 after acquiring an additional 4,404,688 shares during the period. Finally, Legal & General Group Plc raised its holdings in shares of AT&T by 1.4% during the third quarter. Legal & General Group Plc now owns 48,559,566 shares of the technology company’s stock worth $1,371,322,000 after acquiring an additional 691,221 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Wells Fargo & Company dropped their price objective on shares of AT&T from $29.00 to $27.00 and set an “overweight” rating on the stock in a report on Monday, January 26th. Loop Capital set a $29.00 price objective on shares of AT&T in a report on Friday, December 19th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $33.00 price objective on shares of AT&T in a report on Thursday, January 29th. Wolfe Research lowered shares of AT&T from an “outperform” rating to a “peer perform” rating in a report on Monday, December 15th. Finally, Citigroup raised their price objective on shares of AT&T from $29.00 to $31.50 and gave the stock a “buy” rating in a report on Monday, March 23rd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.74.

AT&T Stock Down 0.2%

AT&T stock opened at $28.29 on Tuesday. The company has a market cap of $197.53 billion, a P/E ratio of 9.27, a price-to-earnings-growth ratio of 1.06 and a beta of 0.34. AT&T Inc. has a 1-year low of $22.95 and a 1-year high of $29.79. The company has a fifty day simple moving average of $27.80 and a 200 day simple moving average of $26.18. The company has a current ratio of 0.91, a quick ratio of 0.86 and a debt-to-equity ratio of 1.00.

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

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 10th will be paid a dividend of $0.2775 per share. The ex-dividend date is Friday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 3.9%. AT&T’s payout ratio is currently 36.39%.

AT&T 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.