Fisher Asset Management LLC Has $5.98 Million Stake in AT&T Inc. $T

Fisher Asset Management LLC grew its position in shares of AT&T Inc. (NYSE:T) by 84.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 240,607 shares of the technology company’s stock after buying an additional 110,261 shares during the quarter. Fisher Asset Management LLC’s holdings in AT&T were worth $5,977,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Tsfg LLC lifted its holdings in shares of AT&T by 3.6% during the 4th quarter. Tsfg LLC now owns 10,656 shares of the technology company’s stock valued at $265,000 after buying an additional 366 shares during the last quarter. Aspire Growth Partners LLC lifted its holdings in shares of AT&T by 1.1% during the 4th quarter. Aspire Growth Partners LLC now owns 36,790 shares of the technology company’s stock valued at $914,000 after buying an additional 386 shares during the last quarter. Gentry Private Wealth LLC lifted its holdings in shares of AT&T by 1.7% during the 3rd quarter. Gentry Private Wealth LLC now owns 23,537 shares of the technology company’s stock valued at $665,000 after buying an additional 393 shares during the last quarter. Thoroughbred Financial Services LLC lifted its holdings in shares of AT&T by 2.8% during the 3rd quarter. Thoroughbred Financial Services LLC now owns 14,847 shares of the technology company’s stock valued at $419,000 after buying an additional 406 shares during the last quarter. Finally, Arkfeld Wealth Strategies L.L.C. lifted its holdings in shares of AT&T by 1.6% during the 3rd quarter. Arkfeld Wealth Strategies L.L.C. now owns 25,869 shares of the technology company’s stock valued at $700,000 after buying an additional 415 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Stock Down 0.1%

Shares of T stock opened at $24.87 on Friday. The stock’s 50 day simple moving average is $26.44 and its 200 day simple moving average is $26.02. 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 twelve month low of $22.95 and a twelve month high of $29.79. The company has a market capitalization of $172.77 billion, a price-to-earnings ratio of 8.34, a PEG ratio of 0.91 and a beta of 0.23.

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

AT&T Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend was Friday, April 10th. AT&T’s dividend payout ratio (DPR) is presently 37.25%.

Analysts Set New Price Targets

T has been the subject of several research reports. KeyCorp lifted their price target on AT&T from $30.00 to $36.00 and gave the company an “overweight” rating in a report on Wednesday, March 25th. Arete Research upgraded AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price target for the company in a report on Tuesday, March 10th. Royal Bank Of Canada reiterated an “outperform” rating and set a $31.00 price target on shares of AT&T in a report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $33.00 price objective on shares of AT&T in a research note on Thursday, January 29th. Finally, Morgan Stanley assumed coverage on AT&T in a research note on Thursday, April 16th. They issued an “overweight” rating and a $30.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.