AT&T Inc. $T Shares Bought by Arrowstreet Capital Limited Partnership

by · The Cerbat Gem

Arrowstreet Capital Limited Partnership grew its holdings in shares of AT&T Inc. (NYSE:T – Free Report) by 49.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,155,597 shares of the technology company’s stock after purchasing an additional 8,297,201 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in AT&T were worth $624,865,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in T. GGM Financials LLC acquired a new position in AT&T during the 3rd quarter worth approximately $25,000. Rachor Investment Advisory Services LLC acquired a new position in AT&T during the 4th quarter worth approximately $25,000. Cresta Advisors Ltd. purchased a new stake in shares of AT&T during the 4th quarter worth approximately $26,000. Blueline Advisors LLC purchased a new stake in shares of AT&T during the 4th quarter worth approximately $26,000. Finally, Winnow Wealth LLC boosted 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 worth $26,000 after acquiring an additional 820 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Price Performance

T stock opened at $23.54 on Friday. AT&T Inc. has a 1 year low of $22.32 and a 1 year high of $29.79. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.87 and a current ratio of 0.92. The stock’s 50 day moving average price is $25.32 and its 200 day moving average price is $25.86. The firm has a market cap of $163.56 billion, a P/E ratio of 7.90, a PEG ratio of 0.98 and a beta of 0.21.

AT&T (NYSE:T – Get Free Report) last posted its earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (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 firm had revenue of $31.51 billion for the quarter, compared to analyst estimates of $31.29 billion. During the same quarter in the prior year, the company earned $0.51 EPS. AT&T’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. On average, sell-side analysts expect that AT&T Inc. will post 2.31 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Friday, April 10th were paid a $0.2775 dividend. The ex-dividend date of this dividend was Friday, April 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.7%. AT&T’s dividend payout ratio is presently 37.25%.

Wall Street Analyst Weigh In

T has been the topic of several research analyst reports. KeyCorp boosted 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. Morgan Stanley initiated coverage on AT&T in a research note on Thursday, April 16th. They set an “overweight” rating and a $30.00 price target on the stock. Royal Bank Of Canada reissued an “outperform” rating and set a $31.00 price target on shares of AT&T in a research note on Wednesday, May 20th. Arete Research raised AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price target on the stock in a research note on Tuesday, March 10th. Finally, BNP Paribas Exane decreased their price target on AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $30.55.

View Our Latest Report on AT&T

AT&T Company Profile

(Free Report)

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.

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