Carnegie Investment Counsel Purchases 22,918 Shares of AT&T Inc. $T

Carnegie Investment Counsel raised its position in AT&T Inc. (NYSE:T) by 98.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,162 shares of the technology company’s stock after acquiring an additional 22,918 shares during the quarter. Carnegie Investment Counsel’s holdings in AT&T were worth $1,147,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp raised its position in AT&T by 0.8% during the 3rd quarter. State Street Corp now owns 323,775,045 shares of the technology company’s stock valued at $9,143,407,000 after purchasing an additional 2,704,536 shares during the last quarter. Capital Research Global Investors grew its position in shares of AT&T by 0.6% in the 3rd quarter. Capital Research Global Investors now owns 65,607,835 shares of the technology company’s stock worth $1,852,765,000 after buying an additional 370,455 shares during the last quarter. Invesco Ltd. increased its stake in shares of AT&T by 8.6% during the third quarter. Invesco Ltd. now owns 57,823,362 shares of the technology company’s stock valued at $1,632,932,000 after buying an additional 4,584,316 shares during the period. Legal & General Group Plc raised its holdings in shares of AT&T by 1.4% during the third quarter. Legal & General Group Plc now owns 48,559,566 shares of the technology company’s stock valued at $1,371,322,000 after acquiring an additional 691,221 shares in the last quarter. Finally, Amundi raised its holdings in shares of AT&T by 67.5% during the third quarter. Amundi now owns 42,295,492 shares of the technology company’s stock valued at $1,094,184,000 after acquiring an additional 17,040,328 shares in the last quarter. 57.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on T shares. UBS Group reiterated a “buy” rating on shares of AT&T in a report on Thursday, January 29th. Loop Capital set a $29.00 price objective on shares of AT&T in a report on Friday, December 19th. Wells Fargo & Company dropped their target price on shares of AT&T from $29.00 to $27.00 and set an “overweight” rating for the company in a research report on Monday, January 26th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $31.00 target price on shares of AT&T in a research note on Thursday, February 12th. Finally, Barclays decreased their price target on shares of AT&T from $28.00 to $26.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.74.

AT&T Price Performance

T opened at $26.47 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.86 and a debt-to-equity ratio of 1.00. The company has a market cap of $184.88 billion, a price-to-earnings ratio of 8.68, a price-to-earnings-growth ratio of 0.99 and a beta of 0.34. The stock has a fifty day simple moving average of $28.01 and a two-hundred day simple moving average of $26.14. AT&T Inc. has a 12-month low of $22.95 and a 12-month high of $29.79.

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

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 10th will be paid a dividend of $0.2775 per share. The ex-dividend date of this dividend is Friday, April 10th. This represents a $1.11 annualized dividend and a yield of 4.2%. AT&T’s payout ratio is presently 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.