Man Group plc Buys 6,095,400 Shares of AT&T Inc. $T

Man Group plc lifted its stake in shares of AT&T Inc. (NYSE:T) by 525.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 7,255,743 shares of the technology company’s stock after acquiring an additional 6,095,400 shares during the period. Man Group plc owned approximately 0.10% of AT&T worth $180,233,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. World Investment Advisors grew its stake in shares of AT&T by 85.0% during the fourth quarter. World Investment Advisors now owns 338,942 shares of the technology company’s stock valued at $8,419,000 after buying an additional 155,728 shares during the last quarter. Annex Advisory Services LLC lifted its position in AT&T by 749.1% in the fourth quarter. Annex Advisory Services LLC now owns 159,598 shares of the technology company’s stock valued at $3,964,000 after purchasing an additional 140,802 shares during the last quarter. Cerity Partners LLC lifted its position in AT&T by 3.7% in the fourth quarter. Cerity Partners LLC now owns 1,668,862 shares of the technology company’s stock valued at $41,449,000 after purchasing an additional 59,279 shares during the last quarter. ING Groep NV lifted its position in AT&T by 120.3% in the fourth quarter. ING Groep NV now owns 2,050,310 shares of the technology company’s stock valued at $50,930,000 after purchasing an additional 1,119,731 shares during the last quarter. Finally, WealthPlan Investment Management LLC lifted its position in AT&T by 415.0% in the fourth quarter. WealthPlan Investment Management LLC now owns 63,357 shares of the technology company’s stock valued at $1,574,000 after purchasing an additional 51,055 shares during the last quarter. 57.10% of the stock is owned by institutional investors.

AT&T Stock Down 3.1%

NYSE T opened at $22.43 on Thursday. 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 $155.87 billion, a PE ratio of 7.53, a PEG ratio of 0.96 and a beta of 0.21. AT&T Inc. has a 1 year low of $22.25 and a 1 year high of $29.79. The business’s 50-day moving average is $25.00 and its 200 day moving average is $25.80.

AT&T (NYSE:T) last posted its earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.02. The company had revenue of $31.51 billion for the quarter, compared to analysts’ expectations of $31.29 billion. AT&T had a return on equity of 12.49% and a net margin of 16.94%.AT&T’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the firm earned $0.51 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Sell-side analysts forecast that AT&T Inc. will post 2.31 earnings per share for the current year.

AT&T Announces Dividend

The firm 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. The ex-dividend date of this dividend was Friday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.9%. AT&T’s dividend payout ratio (DPR) is presently 37.25%.

Analysts Set New Price Targets

T has been the subject of several recent research reports. Citigroup boosted their price objective on AT&T from $29.00 to $31.50 and gave the company a “buy” rating in a research report on Monday, March 23rd. Oppenheimer downgraded AT&T from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 3rd. Wall Street Zen cut shares of AT&T from a “hold” rating to a “sell” rating in a research report on Saturday, May 30th. Morgan Stanley began coverage on shares of AT&T in a research note on Thursday, April 16th. They set an “overweight” rating and a $30.00 price objective for the company. Finally, Weiss Ratings cut AT&T from a “buy (b)” rating to a “buy (b-)” rating in a research note 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 issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus 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.