Investment Management Corp of Ontario Grows Holdings in AT&T Inc. $T

Investment Management Corp of Ontario increased its holdings in AT&T Inc. (NYSE:T) by 25.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 719,659 shares of the technology company’s stock after acquiring an additional 146,362 shares during the quarter. Investment Management Corp of Ontario’s holdings in AT&T were worth $17,876,000 as of its most recent filing with the SEC.

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

AT&T Stock Down 3.1%

T stock opened at $22.43 on Thursday. The stock has a market capitalization of $155.87 billion, a price-to-earnings ratio of 7.53, a price-to-earnings-growth ratio of 0.96 and a beta of 0.21. The company has a 50-day moving average of $25.00 and a two-hundred day moving average of $25.80. AT&T Inc. has a 52-week low of $22.25 and a 52-week high of $29.79. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.92 and a quick ratio of 0.87.

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

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Friday, April 10th were issued a $0.2775 dividend. The ex-dividend date of this dividend was Friday, April 10th. This represents a $1.11 annualized dividend and a yield of 4.9%. AT&T’s dividend payout ratio is 37.25%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on T. KeyCorp raised their price objective on shares of AT&T from $30.00 to $36.00 and gave the company an “overweight” rating in a research note on Wednesday, March 25th. Royal Bank Of Canada restated an “outperform” rating and set a $31.00 price objective on shares of AT&T in a report on Wednesday, May 20th. Oppenheimer lowered AT&T from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 3rd. Citigroup increased their price target on shares of AT&T from $29.00 to $31.50 and gave the stock a “buy” rating in a research report on Monday, March 23rd. Finally, Weiss Ratings cut AT&T from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company 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.