Lansforsakringar Fondforvaltning AB publ Boosts Stock Holdings in AT&T Inc. $T

Lansforsakringar Fondforvaltning AB publ raised its position in shares of AT&T Inc. (NYSE:T) by 1.8% in the third quarter, Holdings Channel.com reports. The fund owned 2,255,794 shares of the technology company’s stock after acquiring an additional 38,919 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in AT&T were worth $63,704,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Front Row Advisors LLC acquired a new position in AT&T in the 2nd quarter valued at $25,000. Mountain Hill Investment Partners Corp. grew its holdings in shares of AT&T by 363.7% during the third quarter. Mountain Hill Investment Partners Corp. now owns 895 shares of the technology company’s stock worth $25,000 after buying an additional 702 shares in the last quarter. Solstein Capital LLC raised its position in shares of AT&T by 217.3% in the second quarter. Solstein Capital LLC now owns 952 shares of the technology company’s stock valued at $28,000 after buying an additional 652 shares during the last quarter. Curio Wealth LLC raised its position in shares of AT&T by 26,100.0% in the second quarter. Curio Wealth LLC now owns 1,048 shares of the technology company’s stock valued at $30,000 after buying an additional 1,044 shares during the last quarter. Finally, Legacy Investment Solutions LLC purchased a new position in shares of AT&T in the second quarter worth about $32,000. 57.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on T. Barclays dropped 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. Loop Capital set a $29.00 price target on AT&T in a research report on Friday, December 19th. Morgan Stanley reduced their price objective on AT&T from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $33.00 price objective on shares of AT&T in a research note on Thursday, January 29th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of AT&T in a research note on Monday, December 29th. One investment 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, AT&T currently has an average rating of “Moderate Buy” and an average price target of $29.93.

AT&T Trading Up 0.4%

T opened at $28.00 on Friday. The stock has a market capitalization of $195.99 billion, a PE ratio of 9.18, a P/E/G ratio of 1.04 and a beta of 0.39. AT&T Inc. has a one year low of $22.95 and a one year high of $29.79. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.86 and a current ratio of 0.91. The business’s 50 day moving average price is $25.25 and its 200 day moving average price is $26.36.

AT&T (NYSE:T) last posted its earnings results on Wednesday, January 28th. The technology company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.06. AT&T had a return on equity of 12.33% and a net margin of 17.47%.The company had revenue of $33.47 billion for the quarter, compared to the consensus estimate of $32.91 billion. During the same quarter in the previous year, the business earned $0.43 earnings per share. The company’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 research analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Monday, January 12th were given a $0.2775 dividend. The ex-dividend date of this dividend was Monday, January 12th. This represents a $1.11 dividend on an annualized basis and a yield of 4.0%. 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.