Altfest L J & Co. Inc. Has $1.69 Million Position in AT&T Inc. $T

Altfest L J & Co. Inc. grew its holdings in AT&T Inc. (NYSE:T) by 106.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 67,898 shares of the technology company’s stock after acquiring an additional 35,047 shares during the quarter. Altfest L J & Co. Inc.’s holdings in AT&T were worth $1,687,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Amundi lifted its position in AT&T by 67.5% during the third quarter. Amundi now owns 42,295,492 shares of the technology company’s stock worth $1,094,184,000 after purchasing an additional 17,040,328 shares during the period. Woodline Partners LP lifted its position in AT&T by 931.4% during the third quarter. Woodline Partners LP now owns 8,027,708 shares of the technology company’s stock worth $226,702,000 after purchasing an additional 7,249,373 shares during the period. SG Americas Securities LLC lifted its position in AT&T by 222.7% during the fourth quarter. SG Americas Securities LLC now owns 6,846,868 shares of the technology company’s stock worth $170,076,000 after purchasing an additional 4,725,382 shares during the period. California Public Employees Retirement System lifted its position in AT&T by 23.2% during the third quarter. California Public Employees Retirement System now owns 24,472,780 shares of the technology company’s stock worth $691,111,000 after purchasing an additional 4,613,259 shares during the period. Finally, Invesco Ltd. lifted its position in AT&T by 8.6% during the third quarter. Invesco Ltd. now owns 57,823,362 shares of the technology company’s stock worth $1,632,932,000 after purchasing an additional 4,584,316 shares during the period. Institutional investors own 57.10% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on T shares. TD Cowen reaffirmed a “hold” rating on shares of AT&T in a research report on Thursday, January 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $33.00 price objective on shares of AT&T in a research report on Thursday, January 29th. Arete Research raised shares of AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price objective for the company in a research report on Tuesday, March 10th. Williams Trading set a $32.00 price objective on shares of AT&T in a research report on Thursday, January 29th. Finally, Wolfe Research cut shares of AT&T from an “outperform” rating to a “peer perform” rating in a research report on Monday, December 15th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, AT&T has a consensus rating of “Moderate Buy” and an average target price of $30.74.

AT&T Stock Performance

AT&T stock opened at $26.47 on Friday. The business has a 50 day moving average of $28.01 and a 200-day moving average of $26.15. AT&T Inc. has a 1 year low of $22.95 and a 1 year high of $29.79. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.91 and a quick ratio of 0.86. The company has a market capitalization of $184.88 billion, a P/E ratio of 8.68, a P/E/G ratio of 0.99 and a beta of 0.34.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, January 28th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $32.91 billion. During the same quarter in the prior year, the firm posted $0.43 earnings per share. The firm’s revenue was up 3.6% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, equities research analysts predict that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, April 10th will be given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Friday, April 10th. AT&T’s dividend payout ratio is currently 36.39%.

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.