Lombard Odier Asset Management Switzerland SA Acquires 201,491 Shares of AT&T Inc. $T

Lombard Odier Asset Management Switzerland SA raised its stake in shares of AT&T Inc. (NYSE:T) by 1,318.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 216,769 shares of the technology company’s stock after purchasing an additional 201,491 shares during the quarter. Lombard Odier Asset Management Switzerland SA’s holdings in AT&T were worth $5,385,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. GGM Financials LLC bought a new stake in shares of AT&T in the third quarter worth $25,000. Rachor Investment Advisory Services LLC bought a new position in AT&T in the fourth quarter valued at about $25,000. Cresta Advisors Ltd. purchased a new position in AT&T in the fourth quarter worth about $26,000. Blueline Advisors LLC purchased a new position in AT&T in the fourth quarter worth about $26,000. Finally, Winnow Wealth LLC grew its stake in shares of AT&T by 362.8% during the 4th quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company’s stock valued at $26,000 after purchasing an additional 820 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Down 0.5%

T opened at $23.16 on Wednesday. AT&T Inc. has a 52 week low of $22.32 and a 52 week high of $29.79. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 1.05. The firm has a 50-day simple moving average of $25.12 and a two-hundred day simple moving average of $25.82. The company has a market capitalization of $160.94 billion, a PE ratio of 7.77, a price-to-earnings-growth ratio of 0.97 and a beta of 0.21.

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

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Friday, April 10th were given a dividend of $0.2775 per share. The ex-dividend date was Friday, April 10th. This represents a $1.11 annualized dividend and a yield of 4.8%. AT&T’s dividend payout ratio (DPR) is 37.25%.

Wall Street Analysts Forecast Growth

T has been the subject of several recent research reports. Weiss Ratings lowered shares of AT&T from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. Morgan Stanley assumed coverage on shares of AT&T in a research note on Thursday, April 16th. They set an “overweight” rating and a $30.00 price target on the stock. BNP Paribas Exane cut their price objective on shares of AT&T from $28.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. Royal Bank Of Canada reiterated an “outperform” rating and set a $31.00 target price on shares of AT&T in a research report on Wednesday, May 20th. 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 report on Tuesday, March 10th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $30.55.

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.