State Street Corp Has $8.25 Billion Stake in AT&T Inc. $T

State Street Corp grew its holdings in AT&T Inc. (NYSE:T) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 332,089,723 shares of the technology company’s stock after buying an additional 8,314,678 shares during the period. State Street Corp owned 4.74% of AT&T worth $8,249,109,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. GGM Financials LLC acquired a new stake in shares of AT&T in the third quarter valued at approximately $25,000. Rachor Investment Advisory Services LLC acquired a new stake in AT&T during the 4th quarter worth approximately $25,000. Cresta Advisors Ltd. acquired a new stake in AT&T during the 4th quarter worth approximately $26,000. Blueline Advisors LLC acquired a new stake in AT&T during the 4th quarter worth approximately $26,000. Finally, Winnow Wealth LLC lifted its holdings in 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 during the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Price Performance

Shares of NYSE T opened at $23.54 on Friday. AT&T Inc. has a fifty-two week low of $22.32 and a fifty-two week high of $29.79. The business has a fifty day moving average price of $25.32 and a two-hundred day moving average price of $25.86. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.92 and a quick ratio of 0.87. The stock has a market capitalization of $163.56 billion, a PE ratio of 7.90, a P/E/G ratio of 0.96 and a beta of 0.21.

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

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 1st. Stockholders 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 presently 37.25%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Scotiabank dropped their price target on AT&T from $31.50 to $31.00 and set a “sector perform” rating for the company in a report on Thursday, April 23rd. BNP Paribas Exane dropped their price target on AT&T from $28.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. Oppenheimer cut AT&T from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 3rd. Royal Bank Of Canada reissued an “outperform” rating and set a $31.00 price target on shares of AT&T in a report on Wednesday, May 20th. Finally, Citigroup lifted their price objective on AT&T from $29.00 to $31.50 and gave the company a “buy” rating in a report on Monday, March 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, AT&T has an average rating of “Moderate Buy” and an average price target of $30.55.

About AT&T

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.