AT&T Inc. $T Shares Acquired by Assetmark Inc.

Assetmark Inc. grew its holdings in shares of AT&T Inc. (NYSE:T) by 2.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,874,877 shares of the technology company’s stock after purchasing an additional 241,564 shares during the period. Assetmark Inc. owned approximately 0.15% of AT&T worth $307,107,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of T. Vanguard Group Inc. lifted its position in shares of AT&T by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 661,355,210 shares of the technology company’s stock valued at $19,139,620,000 after acquiring an additional 10,310,560 shares during the period. State Street Corp raised its stake in AT&T by 2.4% in the 2nd quarter. State Street Corp now owns 321,070,509 shares of the technology company’s stock valued at $9,291,781,000 after purchasing an additional 7,404,376 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of AT&T by 1.2% during the second quarter. Geode Capital Management LLC now owns 172,039,872 shares of the technology company’s stock valued at $4,958,066,000 after buying an additional 2,066,026 shares during the period. Norges Bank acquired a new stake in shares of AT&T during the second quarter worth $2,228,655,000. Finally, Ameriprise Financial Inc. boosted its stake in AT&T by 8.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 55,247,484 shares of the technology company’s stock worth $1,598,697,000 after buying an additional 4,404,688 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on T shares. Royal Bank Of Canada reissued an “outperform” rating and set a $31.00 price objective on shares of AT&T in a research note on Thursday. KeyCorp reaffirmed an “overweight” rating on shares of AT&T in a research report on Wednesday, January 21st. Williams Trading set a $32.00 price objective on shares of AT&T in a research report on Thursday, January 29th. The Goldman Sachs Group cut their target price on shares of AT&T from $33.00 to $29.00 and set a “buy” rating on the stock in a research note on Friday, December 19th. Finally, Sanford C. Bernstein reduced their target price on shares of AT&T from $31.00 to $30.00 and set an “outperform” rating on the stock in a report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $29.93.

AT&T Trading Up 1.2%

NYSE:T opened at $28.82 on Friday. The company has a market cap of $201.72 billion, a PE ratio of 9.45, a P/E/G ratio of 1.06 and a beta of 0.39. AT&T Inc. has a 52 week low of $22.95 and a 52 week high of $29.79. The business’s 50 day moving average is $24.81 and its two-hundred day moving average is $26.34. 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 (NYSE:T) last issued its earnings results on Wednesday, January 28th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping 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%. AT&T’s revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the company posted $0.43 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, analysts predict that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Investors of record on Monday, January 12th were issued a $0.2775 dividend. The ex-dividend date of this dividend was Monday, January 12th. This represents a $1.11 annualized dividend and a yield of 3.9%. AT&T’s dividend 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.