ABC Arbitrage SA Takes Position in AT&T Inc. $T

ABC Arbitrage SA purchased a new stake in shares of AT&T Inc. (NYSE:T) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 37,564 shares of the technology company’s stock, valued at approximately $1,061,000.

A number of other institutional investors have also modified their holdings of T. Front Row Advisors LLC acquired a new position in shares of AT&T during the second quarter valued at approximately $25,000. Mountain Hill Investment Partners Corp. boosted its stake in 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 purchasing an additional 702 shares during the period. Solstein Capital LLC grew its holdings in shares of AT&T by 217.3% during the 2nd quarter. Solstein Capital LLC now owns 952 shares of the technology company’s stock worth $28,000 after purchasing an additional 652 shares in the last quarter. Curio Wealth LLC boosted its stake in AT&T by 26,100.0% in the 2nd quarter. Curio Wealth LLC now owns 1,048 shares of the technology company’s stock valued at $30,000 after buying an additional 1,044 shares in the last quarter. Finally, Cloud Capital Management LLC bought a new stake in AT&T during the 3rd quarter worth approximately $31,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

T has been the topic of a number of recent analyst reports. Loop Capital set a $29.00 target price on AT&T in a report on Friday, December 19th. Citigroup dropped their price target on AT&T from $32.00 to $29.00 and set a “buy” rating for the company in a research note on Monday, December 22nd. Sanford C. Bernstein cut their price target on AT&T from $31.00 to $30.00 and set an “outperform” rating on the stock in a research note on Friday, January 16th. Wolfe Research lowered shares of AT&T from an “outperform” rating to a “peer perform” rating in a report on Monday, December 15th. Finally, Arete Research set a $20.00 target price on AT&T in a report on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, AT&T has an average rating of “Moderate Buy” and an average price target of $29.83.

AT&T Stock Performance

Shares of T stock opened at $28.45 on Thursday. The company’s fifty day moving average price is $24.74 and its 200-day moving average price is $26.32. The stock has a market cap of $201.69 billion, a PE ratio of 9.33, a price-to-earnings-growth ratio of 1.02 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 has a current ratio of 0.91, a quick ratio of 0.86 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, January 28th. The technology company reported $0.52 EPS 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 quarter last year, the company earned $0.43 earnings per share. The business’s revenue for the quarter 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 analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Monday, January 12th were issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Monday, January 12th. AT&T’s dividend payout ratio (DPR) is presently 36.39%.

About AT&T

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.