117,554 Shares in AT&T Inc. $T Bought by Atlas Capital Advisors Inc.

Atlas Capital Advisors Inc. acquired a new stake in AT&T Inc. (NYSE:T) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 117,554 shares of the technology company’s stock, valued at approximately $2,920,000.

A number of other institutional investors also recently bought and sold shares of T. Norges Bank acquired a new position in AT&T in the fourth quarter valued at $2,181,977,000. Amundi increased its stake in AT&T by 67.5% in 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 period. Alyeska Investment Group L.P. increased its stake in 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 during the period. State Street Corp increased its stake in 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 during the period. Finally, Woodline Partners LP increased its stake in AT&T by 931.4% in the third quarter. Woodline Partners LP now owns 8,027,708 shares of the technology company’s stock valued at $226,702,000 after purchasing an additional 7,249,373 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on T shares. Wall Street Zen lowered shares of AT&T from a “hold” rating to a “sell” rating in a research note on Saturday, May 30th. BNP Paribas Exane lowered their target price on shares of AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. Oppenheimer downgraded shares of AT&T from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 3rd. Weiss Ratings downgraded shares of AT&T from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Finally, Morgan Stanley assumed coverage on shares of AT&T in a report on Thursday, April 16th. They issued an “overweight” rating and a $30.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, AT&T presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.55.

AT&T Stock Up 2.3%

Shares of NYSE T opened at $23.54 on Friday. AT&T Inc. has a 12-month low of $22.32 and a 12-month high of $29.79. The company has a market capitalization of $163.56 billion, a PE ratio of 7.90, a price-to-earnings-growth ratio of 0.98 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. The firm’s 50-day moving average is $25.32 and its two-hundred day moving average is $25.86.

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

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Friday, April 10th were paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date was Friday, April 10th. AT&T’s dividend payout ratio is 37.25%.

AT&T 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.