King Luther Capital Management Corp Increases Stock Holdings in AT&T Inc. $T

King Luther Capital Management Corp raised its stake in AT&T Inc. (NYSE:T) by 6.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,974,381 shares of the technology company’s stock after acquiring an additional 118,809 shares during the period. King Luther Capital Management Corp’s holdings in AT&T were worth $49,044,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Tsfg LLC grew its position in shares of AT&T by 3.6% in the fourth quarter. Tsfg LLC now owns 10,656 shares of the technology company’s stock valued at $265,000 after purchasing an additional 366 shares during the last quarter. Aspire Growth Partners LLC grew its position in shares of AT&T by 1.1% in the fourth quarter. Aspire Growth Partners LLC now owns 36,790 shares of the technology company’s stock valued at $914,000 after purchasing an additional 386 shares during the last quarter. Gentry Private Wealth LLC grew its position in shares of AT&T by 1.7% in the third quarter. Gentry Private Wealth LLC now owns 23,537 shares of the technology company’s stock valued at $665,000 after purchasing an additional 393 shares during the last quarter. Thoroughbred Financial Services LLC grew its position in shares of AT&T by 2.8% in the third quarter. Thoroughbred Financial Services LLC now owns 14,847 shares of the technology company’s stock valued at $419,000 after purchasing an additional 406 shares during the last quarter. Finally, Arkfeld Wealth Strategies L.L.C. grew its position in shares of AT&T by 1.6% in the third quarter. Arkfeld Wealth Strategies L.L.C. now owns 25,869 shares of the technology company’s stock valued at $700,000 after purchasing an additional 415 shares during the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Stock Down 0.8%

NYSE T opened at $25.06 on Wednesday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.87 and a current ratio of 0.92. The firm has a 50-day simple moving average of $26.56 and a 200 day simple moving average of $26.02. AT&T Inc. has a twelve month low of $22.95 and a twelve month high of $29.79. The stock has a market cap of $174.13 billion, a PE ratio of 8.41, a PEG ratio of 0.92 and a beta of 0.23.

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, beating 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 business had revenue of $31.51 billion during the quarter, compared to analysts’ expectations of $31.29 billion. During the same quarter last year, the company earned $0.51 earnings per share. The firm’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, research analysts forecast that AT&T Inc. will post 2.31 EPS for the current year.

AT&T Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on T. Morgan Stanley began coverage on AT&T in a research report on Thursday, April 16th. They issued an “overweight” rating and a $30.00 price target on the stock. UBS Group reaffirmed a “buy” rating on shares of AT&T in a research report on Thursday, January 29th. Citigroup raised their price target on AT&T from $29.00 to $31.50 and gave the company a “buy” rating in a research report on Monday, March 23rd. Scotiabank lowered their price target on AT&T from $31.50 to $31.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 23rd. Finally, Williams Trading set a $32.00 price target on AT&T in a research report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus 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.