Foundations Investment Advisors LLC Acquires 53,660 Shares of AT&T Inc. $T

Foundations Investment Advisors LLC lifted its holdings in shares of AT&T Inc. (NYSE:TFree Report) by 11.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 524,913 shares of the technology company’s stock after purchasing an additional 53,660 shares during the period. Foundations Investment Advisors LLC’s holdings in AT&T were worth $14,824,000 as of its most recent filing with the SEC.

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

AT&T News Roundup

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Scotiabank restated a “sector perform” rating and issued a $29.50 target price on shares of AT&T in a report on Wednesday, January 7th. Morgan Stanley cut their price target on shares of AT&T from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Wednesday, December 10th. Barclays lowered their price objective on shares of AT&T from $28.00 to $26.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 13th. UBS Group reiterated a “buy” rating on shares of AT&T in a report on Thursday, October 23rd. Finally, Citigroup reduced their price target on AT&T from $32.00 to $29.00 and set a “buy” rating on the stock in a report on Monday, December 22nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $29.78.

Check Out Our Latest Research Report on T

AT&T Price Performance

Shares of NYSE T opened at $24.06 on Thursday. AT&T Inc. has a 1 year low of $22.95 and a 1 year high of $29.79. The stock has a market capitalization of $170.57 billion, a P/E ratio of 7.81, a P/E/G ratio of 1.25 and a beta of 0.39. The company’s 50-day moving average is $24.50 and its 200 day moving average is $26.35. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.01 and a quick ratio of 0.96.

AT&T (NYSE:TGet Free Report) last issued 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 net margin of 17.87% and a return on equity of 12.72%. The business had revenue of $33.47 billion during the quarter, compared to analyst estimates of $32.91 billion. During the same period last year, the business posted $0.43 earnings per share. AT&T’s quarterly revenue 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, sell-side analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Monday, January 12th will be paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Monday, January 12th. AT&T’s dividend payout ratio is presently 36.04%.

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.

See Also

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

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