Hilton Head Capital Partners LLC acquired a new position in shares of AT&T Inc. (NYSE:T – Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 42,193 shares of the technology company’s stock, valued at approximately $1,048,000.
A number of other hedge funds have also recently made changes to their positions in the stock. Norges Bank acquired a new position in AT&T during the 4th quarter valued at about $2,181,977,000. Amundi increased its position in AT&T by 67.5% during the 3rd quarter. Amundi now owns 42,295,492 shares of the technology company’s stock valued at $1,094,184,000 after buying an additional 17,040,328 shares in the last quarter. Woodline Partners LP increased its position in AT&T by 931.4% during the 3rd quarter. Woodline Partners LP now owns 8,027,708 shares of the technology company’s stock valued at $226,702,000 after buying an additional 7,249,373 shares in the last quarter. PFA Pension Forsikringsaktieselskab acquired a new position in AT&T during the 4th quarter valued at about $126,050,000. Finally, SG Americas Securities LLC increased its position in AT&T by 222.7% during the 4th quarter. SG Americas Securities LLC now owns 6,846,868 shares of the technology company’s stock valued at $170,076,000 after buying an additional 4,725,382 shares in the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.
AT&T Trading Up 0.2%
AT&T stock opened at $22.79 on Monday. 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 52 week low of $22.33 and a 52 week high of $29.79. The company has a market capitalization of $158.32 billion, a price-to-earnings ratio of 7.65, a price-to-earnings-growth ratio of 0.95 and a beta of 0.21. The stock has a 50-day moving average price of $25.90 and a 200 day moving average price of $25.95.
AT&T Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Friday, April 10th were issued a dividend of $0.2775 per share. The ex-dividend date of this dividend was Friday, April 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.9%. AT&T’s payout ratio is 37.25%.
Wall Street Analysts Forecast Growth
T has been the topic of several recent analyst reports. Oppenheimer lowered AT&T from an “outperform” rating to a “market perform” rating in a research report on Wednesday. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $31.00 target price on shares of AT&T in a research report on Wednesday, May 20th. KeyCorp upped their target price on AT&T from $30.00 to $36.00 and gave the company an “overweight” rating in a research report on Wednesday, March 25th. 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 report on Tuesday, March 10th. Finally, Morgan Stanley initiated coverage on AT&T in a research report on Thursday, April 16th. They set an “overweight” rating and a $30.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $30.55.
AT&T News Roundup
Here are the key news stories impacting AT&T this week:
- Positive Sentiment: AT&T is expanding its connected-car business, extending ties with LiveOne and Cisco to improve in-car entertainment, simplify billing through embedded SIMs, and bring 5G services to the Rivian R2, which could support future revenue growth. Article Title
- Positive Sentiment: Analyst commentary continues to highlight AT&T’s value profile, with some investors viewing fiber expansion, 5G growth, and bundled services as long-term supports for customer retention and cash flow. Article Title
- Neutral Sentiment: Telecom peers are investing in AI systems to keep networks resilient during storms, a reminder that AT&T is also focused on network reliability rather than a company-specific catalyst. Article Title
- Neutral Sentiment: Industry chatter about a possible SpaceX involvement in future FCC spectrum auctions could affect telecoms later, but there is no immediate AT&T-specific impact from the latest auction update. Article Title
- Negative Sentiment: The biggest near-term drag remains the Supreme Court ruling backing FCC penalty procedures, which keeps regulatory and reputational risk in focus for AT&T and could weigh on sentiment. Article Title
- Negative Sentiment: Investor sentiment also weakened after an analyst downgrade and renewed competitive concerns, which helped pressure AT&T shares despite some bargain-hunting interest. Article Title
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.
Featured Stories
- Five stocks we like better than AT&T
- These 3 Insurance Stocks Made New 52-Week Highs: Still Time to Buy?
- 3 Stocks Under $20 to Buy Before a Broader Market Rally
- Petco Faces Tough Competition, But Momentum Is Building
- The Lock-In Effect Is Real—These 3 Homebuilders Are Betting on It
Want to see what other hedge funds are holding T? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AT&T Inc. (NYSE:T – Free Report).
Receive News & Ratings for AT&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T and related companies with MarketBeat.com's FREE daily email newsletter.
