AT&T Inc. $T Stake Boosted by Ibex Wealth Advisors

Ibex Wealth Advisors lifted its stake in AT&T Inc. (NYSE:T) by 5.8% during the first quarter, HoldingsChannel reports. The fund owned 584,332 shares of the technology company’s stock after purchasing an additional 32,064 shares during the quarter. AT&T comprises approximately 1.6% of Ibex Wealth Advisors’ holdings, making the stock its 17th biggest position. Ibex Wealth Advisors’ holdings in AT&T were worth $16,940,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of T. Vanguard Group Inc. raised its stake in shares of AT&T by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 664,055,700 shares of the technology company’s stock worth $16,495,144,000 after purchasing an additional 3,585,661 shares in the last quarter. State Street Corp grew its stake in shares of AT&T by 2.6% in the 4th quarter. State Street Corp now owns 332,089,723 shares of the technology company’s stock valued at $8,249,109,000 after buying an additional 8,314,678 shares in the last quarter. Bank of America Corp DE increased its holdings in AT&T by 3.5% in the fourth quarter. Bank of America Corp DE now owns 119,742,478 shares of the technology company’s stock worth $2,974,403,000 after buying an additional 4,079,062 shares during the last quarter. Norges Bank acquired a new position in AT&T in the fourth quarter worth approximately $2,181,977,000. Finally, Invesco Ltd. raised its position in AT&T by 8.6% during the third quarter. Invesco Ltd. now owns 57,823,362 shares of the technology company’s stock valued at $1,632,932,000 after acquiring an additional 4,584,316 shares in the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on T. Morgan Stanley reduced their price objective on shares of AT&T from $30.00 to $25.00 and set an “overweight” rating for the company in a research note on Tuesday. KeyCorp raised their target price on AT&T from $30.00 to $36.00 and gave the company an “overweight” rating in a report on Wednesday, March 25th. Barclays reduced their price target on AT&T from $26.00 to $24.00 and set an “equal weight” rating for the company in a research report on Wednesday. Weiss Ratings downgraded AT&T from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. Finally, Citigroup increased 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 investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, AT&T currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.68.

Key Stories Impacting AT&T

Here are the key news stories impacting AT&T this week:

• Positive Sentiment: AT&T ranked #1 in customer satisfaction for small business internet service by JD Power, highlighting strong product quality and support for its business connectivity strategy.
• Positive Sentiment: Coverage suggesting AT&T is gaining an edge as a bankrupt carrier exits the market could support market-share expectations and sentiment.
• Neutral Sentiment: New comparisons versus Verizon keep AT&T in focus as investors assess fiber and wireless growth prospects versus valuation.
• Negative Sentiment: Wells Fargo initiated AT&T with an underweight rating and an $18 price target, signaling concern about near-term upside.
• Negative Sentiment: Barclays cut its price target on AT&T to $24 from $26, reflecting a more cautious valuation view.

AT&T Price Performance

NYSE T opened at $21.02 on Friday. AT&T Inc. has a twelve month low of $19.89 and a twelve month high of $29.79. 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 stock has a market capitalization of $146.04 billion, a PE ratio of 7.05, a P/E/G ratio of 0.86 and a beta of 0.24. The stock has a 50-day simple moving average of $23.47 and a 200 day simple moving average of $25.43.

AT&T (NYSE:T) last posted its quarterly earnings data 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. The company had revenue of $31.51 billion during 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 revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.51 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Research analysts anticipate that AT&T Inc. will post 2.31 EPS for the current year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 10th will be issued a $0.2775 dividend. The ex-dividend date of this dividend is Friday, July 10th. This represents a $1.11 dividend on an annualized basis and a yield of 5.3%. AT&T’s dividend payout ratio is 37.25%.

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.