BCS Wealth Management Boosts Stake in AT&T Inc. $T

BCS Wealth Management increased its position in AT&T Inc. (NYSE:T) by 59.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,816 shares of the technology company’s stock after buying an additional 29,400 shares during the period. BCS Wealth Management’s holdings in AT&T were worth $1,958,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. State Street Corp lifted its position in shares of AT&T by 0.8% in the third quarter. State Street Corp now owns 323,775,045 shares of the technology company’s stock worth $9,143,407,000 after buying an additional 2,704,536 shares in the last quarter. Capital Research Global Investors raised its position in AT&T by 0.6% during the third quarter. Capital Research Global Investors now owns 65,607,835 shares of the technology company’s stock valued at $1,852,765,000 after purchasing an additional 370,455 shares during the period. Invesco Ltd. raised 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 valued at $1,632,932,000 after purchasing an additional 4,584,316 shares during the period. Legal & General Group Plc raised its position in 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 purchasing an additional 691,221 shares during the period. Finally, Amundi raised 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 valued at $1,094,184,000 after purchasing an additional 17,040,328 shares during the period. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on T. KeyCorp upped their price objective on AT&T from $30.00 to $36.00 and gave the company an “overweight” rating in a research report on Wednesday, March 25th. Loop Capital set a $29.00 price objective on AT&T in a research report on Friday, December 19th. Scotiabank upped their price objective on AT&T from $31.00 to $31.50 and gave the company a “sector perform” rating in a research report on Wednesday, April 1st. Sanford C. Bernstein decreased their price objective on AT&T from $31.00 to $30.00 and set an “outperform” rating on the stock in a research report on Friday, January 16th. Finally, The Goldman Sachs Group decreased their price objective on AT&T from $33.00 to $29.00 and set a “buy” rating on the stock in a research report on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $30.74.

AT&T Trading Up 0.1%

Shares of NYSE T opened at $25.63 on Wednesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.86 and a current ratio of 0.91. The business’s 50 day moving average price is $27.97 and its 200-day moving average price is $26.10. AT&T Inc. has a fifty-two week low of $22.95 and a fifty-two week high of $29.79. The company has a market cap of $178.99 billion, a price-to-earnings ratio of 8.40, a PEG ratio of 0.96 and a beta of 0.34.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, January 28th. The technology company reported $0.52 earnings per share for the quarter, topping 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 firm had revenue of $33.47 billion for the quarter, compared to the consensus estimate of $32.91 billion. During the same period in the prior year, the business posted $0.43 earnings per share. The company’s revenue for the quarter was up 3.6% 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 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The company 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 $0.2775 dividend. The ex-dividend date of this dividend is Friday, April 10th. This represents a $1.11 annualized dividend and a yield of 4.3%. AT&T’s dividend payout ratio is 36.39%.

AT&T 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.