American Century Companies Inc. Buys 758,200 Shares of AT&T Inc. $T

American Century Companies Inc. lifted its stake in shares of AT&T Inc. (NYSE:TFree Report) by 7.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,296,238 shares of the technology company’s stock after purchasing an additional 758,200 shares during the period. American Century Companies Inc. owned approximately 0.15% of AT&T worth $290,766,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Harvest Portfolios Group Inc. increased its position in AT&T by 15.3% in the third quarter. Harvest Portfolios Group Inc. now owns 317,689 shares of the technology company’s stock worth $8,972,000 after purchasing an additional 42,057 shares during the period. Mosaic Family Wealth Partners LLC raised its position in shares of AT&T by 22.9% during the third quarter. Mosaic Family Wealth Partners LLC now owns 16,147 shares of the technology company’s stock worth $453,000 after purchasing an additional 3,011 shares during the period. Quantbot Technologies LP lifted its holdings in shares of AT&T by 639.7% in the third quarter. Quantbot Technologies LP now owns 181,911 shares of the technology company’s stock valued at $5,137,000 after purchasing an additional 157,320 shares in the last quarter. Caitlin John LLC acquired a new stake in AT&T in the 3rd quarter valued at $101,000. Finally, Dunhill Financial LLC grew its holdings in AT&T by 44.6% during the third quarter. Dunhill Financial LLC now owns 4,279 shares of the technology company’s stock worth $121,000 after purchasing an additional 1,319 shares during the period. 57.10% of the stock is owned by institutional investors.

AT&T Price Performance

Shares of AT&T stock opened at $27.97 on Friday. The company’s fifty day simple moving average is $25.63 and its two-hundred day simple moving average is $26.37. AT&T Inc. has a 12-month low of $22.95 and a 12-month high of $29.79. The firm has a market cap of $195.79 billion, a PE ratio of 9.17, a price-to-earnings-growth ratio of 1.02 and a beta of 0.39. 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:TGet Free Report) last posted its earnings results on Wednesday, January 28th. The technology company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.06. AT&T had a net margin of 17.47% and a return on equity of 12.33%. The company had revenue of $33.47 billion during the quarter, compared to analyst estimates of $32.91 billion. During the same period in the prior year, the business posted $0.43 earnings per share. AT&T’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. As a group, equities analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Monday, January 12th were given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Monday, January 12th. AT&T’s dividend payout ratio (DPR) is currently 36.39%.

Key AT&T News

Here are the key news stories impacting AT&T this week:

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Arete Research set a $20.00 price objective on AT&T in a research note on Tuesday, January 6th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $31.00 price target on shares of AT&T in a report on Thursday, February 12th. Barclays decreased their target price on AT&T from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 13th. TD Cowen reiterated a “hold” rating on shares of AT&T in a research report on Thursday, January 29th. Finally, Wolfe Research cut AT&T from an “outperform” rating to a “peer perform” rating in a report on Monday, December 15th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $29.93.

View Our Latest Analysis on AT&T

About AT&T

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for AT&T (NYSE:T)

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