Fifth Third Bancorp Has $26.78 Million Stock Position in AT&T Inc. $T

Fifth Third Bancorp increased its position in shares of AT&T Inc. (NYSE:T) by 2.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 948,290 shares of the technology company’s stock after acquiring an additional 18,298 shares during the quarter. Fifth Third Bancorp’s holdings in AT&T were worth $26,780,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Front Row Advisors LLC acquired a new position in AT&T in the second quarter valued at approximately $25,000. Mountain Hill Investment Partners Corp. raised its position in shares of AT&T by 363.7% during the 3rd quarter. Mountain Hill Investment Partners Corp. now owns 895 shares of the technology company’s stock valued at $25,000 after acquiring an additional 702 shares during the last quarter. Solstein Capital LLC lifted its stake in shares of AT&T by 217.3% in the 2nd quarter. Solstein Capital LLC now owns 952 shares of the technology company’s stock valued at $28,000 after purchasing an additional 652 shares during the period. Curio Wealth LLC boosted its position in shares of AT&T by 26,100.0% in the 2nd quarter. Curio Wealth LLC now owns 1,048 shares of the technology company’s stock worth $30,000 after purchasing an additional 1,044 shares during the last quarter. Finally, Cloud Capital Management LLC bought a new position in shares of AT&T in the 3rd quarter worth $31,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Trading Down 0.4%

Shares of NYSE:T opened at $28.70 on Tuesday. The firm has a market cap of $200.88 billion, a price-to-earnings ratio of 9.41, a PEG ratio of 1.06 and a beta of 0.39. AT&T Inc. has a 12 month low of $22.95 and a 12 month high of $29.79. The company’s fifty day simple moving average is $24.95 and its 200 day simple moving average is $26.34. The company has a quick ratio of 0.86, a current ratio of 0.91 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.06. The firm had revenue of $33.47 billion during the quarter, compared to analysts’ expectations of $32.91 billion. AT&T had a return on equity of 12.33% and a net margin of 17.47%.The company’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.43 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, research analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Monday, January 12th were given a dividend of $0.2775 per share. The ex-dividend date of this dividend was Monday, January 12th. This represents a $1.11 dividend on an annualized basis and a yield of 3.9%. AT&T’s dividend payout ratio is 36.39%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on T shares. KeyCorp reissued an “overweight” rating on shares of AT&T in a research note on Wednesday, January 21st. Scotiabank reiterated a “sector perform” rating and issued a $29.50 price target on shares of AT&T in a research report on Wednesday, January 7th. Weiss Ratings restated a “buy (b-)” rating on shares of AT&T in a report on Monday, December 29th. TD Cowen reaffirmed a “hold” rating on shares of AT&T in a research note on Thursday, January 29th. Finally, Wall Street Zen cut shares of AT&T from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.