Eurizon Capital SGR S.p.A. Purchases 260,138 Shares of AT&T Inc. $T

Eurizon Capital SGR S.p.A. increased its holdings in AT&T Inc. (NYSE:T) by 15.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,956,998 shares of the technology company’s stock after purchasing an additional 260,138 shares during the quarter. Eurizon Capital SGR S.p.A.’s holdings in AT&T were worth $47,861,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Fifth Third Bancorp increased its holdings in shares of AT&T by 1.7% during the third quarter. Fifth Third Bancorp now owns 2,711,771 shares of the technology company’s stock valued at $66,167,000 after acquiring an additional 44,861 shares in the last quarter. Gagnon Securities LLC grew its stake in shares of AT&T by 14.1% during the 3rd quarter. Gagnon Securities LLC now owns 35,241 shares of the technology company’s stock valued at $860,000 after purchasing an additional 4,343 shares during the period. Maryland State Retirement & Pension System grew its position in AT&T by 10.9% during the third quarter. Maryland State Retirement & Pension System now owns 406,496 shares of the technology company’s stock valued at $9,919,000 after buying an additional 39,884 shares during the period. UNIVEST FINANCIAL Corp grew its position in shares of AT&T by 13.4% during the 3rd quarter. UNIVEST FINANCIAL Corp now owns 18,295 shares of the technology company’s stock valued at $446,000 after acquiring an additional 2,164 shares during the period. Finally, Jefferies Financial Group Inc. grew its holdings in AT&T by 464.8% during the third quarter. Jefferies Financial Group Inc. now owns 129,000 shares of the technology company’s stock valued at $3,148,000 after purchasing an additional 106,161 shares during the period. Institutional investors own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on T. Deutsche Bank decreased their price objective on shares of AT&T from $32.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, October 27th. Wolfe Research raised AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price objective on the stock in a research report on Thursday, July 23rd. Morgan Stanley reduced their price objective on AT&T from $28.00 to $25.00 and set an “overweight” rating on the stock in a report on Thursday, October 22nd. Barclays lowered their price target on shares of AT&T from $24.00 to $21.00 and set an “equal weight” rating for the company in a research report on Thursday, October 22nd. Finally, Moffett Nathanson cut their target price on AT&T from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 22nd. Twelve investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $27.56.

Key Headlines Impacting AT&T

These are some of the T headlines that stood out recently:

• Neutral Sentiment: AT&T broke ground on a 54-acre global headquarters campus in Plano, Texas, including new fiber infrastructure. The project signals investment in its workforce and network capabilities, but also entails construction spending and is not an immediate earnings catalyst. AT&T Breaks Ground on New Global Headquarters
• Neutral Sentiment: Elon Musk said SpaceX could acquire a legacy telecom to access spectrum, after reports that AT&T and other carriers declined requests to use their networks. The comments underscore the strategic value of AT&T’s spectrum, but do not indicate a deal or specific financial benefit. Musk Says SpaceX Could Acquire a Legacy Telco
• Negative Sentiment: A comparison of AT&T and Verizon favored Verizon, citing stronger cash flow, improving subscriber trends, and a growing fiber footprint—factors that may weigh on AT&T’s relative investor appeal. T vs. VZ: Which Telecom Stock Is a Better Investment Right Now?

AT&T Stock Performance

Shares of NYSE T opened at $22.15 on Friday. The company has a market capitalization of $149.23 billion, a PE ratio of 11.97, a price-to-earnings-growth ratio of 1.10 and a beta of 0.30. The company’s fifty day moving average price is $23.57 and its 200 day moving average price is $24.88. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.82 and a current ratio of 0.87. AT&T Inc. has a 1 year low of $19.89 and a 1 year high of $29.43.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, October 21st. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.05. AT&T had a return on equity of 13.41% and a net margin of 10.19%. The company had revenue of $32.32 billion for the quarter, compared to analysts’ expectations of $31.69 billion. During the same period in the previous year, the firm posted $0.54 EPS. AT&T’s revenue was up 5.2% compared to the same quarter last year. On average, research analysts predict that AT&T Inc. will post 2.40 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 2nd. Investors of record on Monday, October 12th were issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 5.0%. The ex-dividend date was Friday, October 9th. AT&T’s dividend payout ratio (DPR) is 60.00%.

AT&T Profile

AT&T Inc. (NYSE: T) is a telecommunications company that provides wireless communications, broadband, and related connectivity services. Its offerings include mobile voice and data plans, internet access, fiber broadband, fixed wireless services, and business communications solutions. The company serves consumers, businesses, government agencies, and other organizations primarily in the United States. AT&T’s business operations include wireless network services, wireline connectivity, fiber-optic internet, voice services, and networking solutions designed to connect locations, devices, and applications.