Empirical Asset Management LLC Raises Holdings in AT&T Inc. $T

Empirical Asset Management LLC boosted its position in AT&T Inc. (NYSE:T) by 189.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,162 shares of the technology company’s stock after acquiring an additional 19,081 shares during the quarter. Empirical Asset Management LLC’s holdings in AT&T were worth $824,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in T. Front Row Advisors LLC purchased a new stake in shares of AT&T during the 2nd quarter worth about $25,000. Mountain Hill Investment Partners Corp. lifted its position in AT&T by 363.7% during the third quarter. Mountain Hill Investment Partners Corp. now owns 895 shares of the technology company’s stock valued at $25,000 after buying an additional 702 shares in the last quarter. GGM Financials LLC purchased a new stake in AT&T during the third quarter worth approximately $25,000. Cloud Capital Management LLC acquired a new stake in shares of AT&T in the third quarter worth $31,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of AT&T in the second quarter worth $32,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Price Performance

Shares of NYSE T opened at $27.86 on Thursday. 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 Inc. has a fifty-two week low of $22.95 and a fifty-two week high of $29.79. The business has a 50 day moving average price of $25.49 and a two-hundred day moving average price of $26.37. The firm has a market cap of $195.05 billion, a PE ratio of 9.14, a price-to-earnings-growth ratio of 1.05 and a beta of 0.39.

AT&T (NYSE:T) last announced its earnings results on Wednesday, January 28th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.06. AT&T had a return on equity of 12.33% and a net margin of 17.47%.The company had revenue of $33.47 billion for the quarter, compared to analyst estimates of $32.91 billion. During the same period in the prior year, the company posted $0.43 EPS. AT&T’s quarterly revenue was up 3.6% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Sell-side analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Monday, January 12th were issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Monday, January 12th. AT&T’s dividend payout ratio (DPR) is currently 36.39%.

Analyst Ratings Changes

T has been the subject of a number of research reports. Loop Capital set a $29.00 price target on shares of AT&T in a research report on Friday, December 19th. Wells Fargo & Company decreased their target price on AT&T from $29.00 to $27.00 and set an “overweight” rating for the company in a research report on Monday, January 26th. Barclays dropped their target price on AT&T from $28.00 to $26.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $33.00 price target on shares of AT&T in a report on Thursday, January 29th. Finally, Morgan Stanley lowered their price objective on shares of AT&T from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Wednesday, December 10th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, AT&T has an average rating of “Moderate Buy” and a consensus price target 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.