Sterling Capital Management LLC Acquires 78,187 Shares of AT&T Inc. $T

Sterling Capital Management LLC boosted its stake in shares of AT&T Inc. (NYSE:T) by 23.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 405,521 shares of the technology company’s stock after acquiring an additional 78,187 shares during the quarter. Sterling Capital Management LLC’s holdings in AT&T were worth $11,756,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in T. Norges Bank bought a new position in shares of AT&T in the fourth quarter worth about $2,181,977,000. Amundi grew its stake in shares of 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 last quarter. Alyeska Investment Group L.P. increased its holdings in shares of AT&T by 620.8% in the fourth quarter. Alyeska Investment Group L.P. now owns 11,891,778 shares of the technology company’s stock valued at $295,392,000 after purchasing an additional 10,241,949 shares in the last quarter. State Street Corp increased its holdings in shares of AT&T by 2.6% in the fourth quarter. State Street Corp now owns 332,089,723 shares of the technology company’s stock valued at $8,249,109,000 after purchasing an additional 8,314,678 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in AT&T by 49.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 25,155,597 shares of the technology company’s stock worth $624,865,000 after purchasing an additional 8,297,201 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Trading Up 1.2%

Shares of NYSE T opened at $22.70 on Friday. The company’s 50 day simple moving average is $24.42 and its 200 day simple moving average is $25.64. AT&T Inc. has a fifty-two week low of $21.99 and a fifty-two week high of $29.79. The firm has a market capitalization of $157.71 billion, a P/E ratio of 7.62, a P/E/G ratio of 0.91 and a beta of 0.21. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.92 and a quick ratio of 0.87.

AT&T (NYSE:T) last released its earnings results on Wednesday, April 22nd. The technology company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. The firm had revenue of $31.51 billion during the quarter, compared to analyst estimates of $31.29 billion. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.51 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, analysts predict that AT&T Inc. will post 2.31 EPS for the current year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 10th will be paid a dividend of $0.2775 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.9%. AT&T’s payout ratio is 37.25%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on T shares. Oppenheimer downgraded AT&T from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 3rd. Royal Bank Of Canada restated an “outperform” rating and set a $31.00 target price on shares of AT&T in a research report on Wednesday, May 20th. Arete Research raised AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price target on the stock in a research note on Tuesday, March 10th. KeyCorp raised their price target on AT&T from $30.00 to $36.00 and gave the company an “overweight” rating in a report on Wednesday, March 25th. Finally, Citigroup raised their price target on AT&T from $29.00 to $31.50 and gave the company a “buy” rating in a report on Monday, March 23rd. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $30.55.

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.