Russell Investments Group Ltd. Has $282.43 Million Stock Holdings in AT&T Inc. $T

Russell Investments Group Ltd. raised its stake in shares of AT&T Inc. (NYSE:T) by 12.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,371,230 shares of the technology company’s stock after buying an additional 1,241,686 shares during the period. Russell Investments Group Ltd. owned about 0.16% of AT&T worth $282,428,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of T. GGM Financials LLC purchased a new stake in shares of AT&T during the third quarter worth $25,000. Rachor Investment Advisory Services LLC purchased a new position in AT&T in the fourth quarter valued at about $25,000. Cresta Advisors Ltd. acquired a new position in AT&T in the 4th quarter worth about $26,000. Blueline Advisors LLC acquired a new position in AT&T in the 4th quarter worth about $26,000. Finally, Winnow Wealth LLC raised its stake in shares of AT&T by 362.8% during the 4th quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company’s stock worth $26,000 after purchasing an additional 820 shares in the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on T. Scotiabank lowered their price target on AT&T from $31.50 to $31.00 and set a “sector perform” rating for the company in a research note on Thursday, April 23rd. Wall Street Zen lowered shares of AT&T from a “hold” rating to a “sell” rating in a research report on Saturday, May 30th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $31.00 target price on shares of AT&T in a research note on Wednesday, May 20th. Oppenheimer downgraded shares of AT&T from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 3rd. Finally, Arete Research upgraded shares of 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. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, AT&T currently has a consensus rating of “Moderate Buy” and an average target price of $30.55.

AT&T Stock Performance

NYSE:T opened at $23.16 on Wednesday. The firm has a market capitalization of $160.94 billion, a PE ratio of 7.77, a PEG ratio of 0.97 and a beta of 0.21. AT&T Inc. has a 1 year low of $22.32 and a 1 year high of $29.79. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 1.05. The firm’s fifty day simple moving average is $25.12 and its 200 day simple moving average is $25.82.

AT&T (NYSE:T) last released its earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates 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 previous year, the business earned $0.51 EPS. The business’s revenue was up 2.9% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, sell-side analysts anticipate that AT&T Inc. will post 2.31 EPS for the current year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Friday, April 10th were given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend was Friday, April 10th. AT&T’s payout ratio is currently 37.25%.

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.