Milford Funds Ltd. Acquires New Position in AT&T Inc. $T

Milford Funds Ltd. acquired a new stake in shares of AT&T Inc. (NYSE:T) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 280,000 shares of the technology company’s stock, valued at approximately $6,955,000.

Several other large investors also recently bought and sold shares of T. Tsfg LLC grew its position in AT&T by 3.6% during the 4th quarter. Tsfg LLC now owns 10,656 shares of the technology company’s stock worth $265,000 after purchasing an additional 366 shares during the last quarter. Lifestyle Asset Management Inc. grew its position in AT&T by 3.6% during the 4th quarter. Lifestyle Asset Management Inc. now owns 10,511 shares of the technology company’s stock worth $261,000 after purchasing an additional 368 shares during the last quarter. Hillsdale Investment Management Inc. grew its position in AT&T by 1.2% during the 4th quarter. Hillsdale Investment Management Inc. now owns 31,970 shares of the technology company’s stock worth $794,000 after purchasing an additional 370 shares during the last quarter. Bruce G. Allen Investments LLC grew its position in AT&T by 1.7% during the 4th quarter. Bruce G. Allen Investments LLC now owns 22,398 shares of the technology company’s stock worth $556,000 after purchasing an additional 374 shares during the last quarter. Finally, Rockline Wealth Management LLC grew its position in AT&T by 3.8% during the 4th quarter. Rockline Wealth Management LLC now owns 10,445 shares of the technology company’s stock worth $259,000 after purchasing an additional 378 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Up 2.3%

T stock opened at $23.54 on Friday. AT&T Inc. has a one year low of $22.32 and a one year high of $29.79. The stock has a market capitalization of $163.56 billion, a PE ratio of 7.90, a price-to-earnings-growth ratio of 0.96 and a beta of 0.21. 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 company has a fifty day moving average of $25.32 and a 200-day moving average of $25.86.

AT&T (NYSE:T) last released its earnings results on Wednesday, April 22nd. The technology company reported $0.57 EPS for the quarter, topping 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 company had revenue of $31.51 billion during the quarter, compared to analysts’ expectations of $31.29 billion. During the same quarter last 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. As a group, analysts expect 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. The ex-dividend date was Friday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.7%. AT&T’s dividend payout ratio (DPR) is 37.25%.

Analysts Set New Price Targets

Several brokerages have issued reports on T. BNP Paribas Exane lowered their price objective on shares of AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Scotiabank lowered their price objective on shares of 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. Royal Bank Of Canada reissued an “outperform” rating and set a $31.00 price objective on shares of AT&T in a research report on Wednesday, May 20th. Weiss Ratings downgraded shares of AT&T from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. Finally, Oppenheimer downgraded shares of AT&T from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $30.55.

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.