Allspring Global Investments Holdings LLC Raises Position in AT&T Inc. $T

Allspring Global Investments Holdings LLC lifted its holdings in shares of AT&T Inc. (NYSE:TFree Report) by 17.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,027,754 shares of the technology company’s stock after purchasing an additional 153,381 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in AT&T were worth $25,242,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Front Row Advisors LLC purchased a new stake in AT&T in the second quarter valued at approximately $25,000. Mountain Hill Investment Partners Corp. boosted its holdings in shares of AT&T by 363.7% in 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 last quarter. GGM Financials LLC acquired a new position in shares of AT&T in the 3rd quarter valued at $25,000. Cloud Capital Management LLC purchased a new stake in shares of AT&T during the 3rd quarter valued at $31,000. Finally, Howard Hughes Medical Institute purchased a new stake in shares of AT&T during the 2nd quarter valued at $45,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

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AT&T Stock Down 0.1%

T stock opened at $28.31 on Friday. The firm has a market cap of $197.72 billion, a price-to-earnings ratio of 9.28, a PEG ratio of 1.06 and a beta of 0.34. AT&T Inc. has a 1-year low of $22.95 and a 1-year high of $29.79. The firm has a fifty day moving average price of $27.71 and a two-hundred day moving average price of $26.23. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.91 and a quick ratio of 0.86.

AT&T (NYSE:TGet Free Report) last announced its quarterly earnings data on Wednesday, January 28th. The technology company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.06. The business had revenue of $33.47 billion during the quarter, compared to the consensus estimate of $32.91 billion. AT&T had a net margin of 17.47% and a return on equity of 12.33%. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $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 EPS for the current year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, April 10th will be paid a $0.2775 dividend. The ex-dividend date is Friday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 3.9%. AT&T’s dividend payout ratio (DPR) is presently 36.39%.

Analysts Set New Price Targets

Several brokerages recently weighed in on T. Oppenheimer increased their target price on AT&T from $29.00 to $32.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 11th. Barclays lowered their price target on AT&T from $28.00 to $26.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 13th. Williams Trading set a $32.00 price target on AT&T in a research note on Thursday, January 29th. Sanford C. Bernstein reduced their price objective 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. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of AT&T in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.74.

Read Our Latest Stock Report on AT&T

AT&T Company Profile

(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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