Income Insurance Ltd Takes $536,000 Position in AT&T Inc. $T

Income Insurance Ltd bought a new position in AT&T Inc. (NYSE:T) in the fourth quarter, Holdings Channel reports. The institutional investor bought 21,575 shares of the technology company’s stock, valued at approximately $536,000.

Other hedge funds also recently bought and sold shares of the company. Mountain Hill Investment Partners Corp. lifted its position in AT&T by 363.7% in the 3rd 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 during the last quarter. GGM Financials LLC bought a new stake in AT&T in the 3rd quarter worth approximately $25,000. Rachor Investment Advisory Services LLC bought a new stake in AT&T in the 4th quarter worth approximately $25,000. Cresta Advisors Ltd. bought a new stake in AT&T in the 4th quarter worth approximately $26,000. Finally, Cloud Capital Management LLC bought a new stake in AT&T in the 3rd quarter worth approximately $31,000. Institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

T opened at $25.14 on Friday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.87 and a current ratio of 0.92. AT&T Inc. has a 52-week low of $22.95 and a 52-week high of $29.79. The stock has a market capitalization of $174.69 billion, a PE ratio of 8.44, a price-to-earnings-growth ratio of 0.93 and a beta of 0.23. The stock’s 50 day moving average price is $27.36 and its 200-day moving average price is $26.04.

AT&T (NYSE:T) last posted its earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.02. AT&T had a return on equity of 12.49% and a net margin of 16.94%.The firm had revenue of $31.51 billion for the quarter, compared to analysts’ expectations of $31.29 billion. During the same period in the previous year, the firm earned $0.51 earnings per share. The business’s revenue 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. On average, equities research analysts predict that AT&T Inc. will post 2.31 EPS for the current year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Friday, April 10th were paid a dividend of $0.2775 per share. The ex-dividend date of this dividend was Friday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.4%. AT&T’s payout ratio is 37.25%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on T shares. Scotiabank dropped their target price on AT&T from $31.50 to $31.00 and set a “sector perform” rating for the company in a research report on Thursday, April 23rd. Sanford C. Bernstein dropped their target price on AT&T from $31.00 to $30.00 and set an “outperform” rating for the company in a research report on Friday, January 16th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $33.00 target price on shares of AT&T in a research report on Thursday, January 29th. UBS Group reaffirmed a “buy” rating on shares of AT&T in a research note on Thursday, January 29th. Finally, Citigroup lifted their price target on AT&T from $29.00 to $31.50 and gave the stock a “buy” rating in a research note on Monday, March 23rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, AT&T presently has a consensus rating of “Moderate Buy” and an average target price of $30.55.

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.