AT&T Inc. $T Shares Bought by Rhumbline Advisers

Rhumbline Advisers lifted its position in shares of AT&T Inc. (NYSE:T) by 0.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,810,872 shares of the technology company’s stock after buying an additional 49,727 shares during the period. Rhumbline Advisers owned approximately 0.18% of AT&T worth $361,779,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in T. Norges Bank purchased a new position in shares of AT&T in the 2nd quarter worth about $2,228,655,000. Vanguard Group Inc. raised its holdings in AT&T by 1.6% in the second quarter. Vanguard Group Inc. now owns 661,355,210 shares of the technology company’s stock valued at $19,139,620,000 after buying an additional 10,310,560 shares during the period. Marshall Wace LLP purchased a new position in AT&T in the second quarter valued at approximately $235,422,000. State Street Corp lifted its position in AT&T by 2.4% during the second quarter. State Street Corp now owns 321,070,509 shares of the technology company’s stock valued at $9,291,781,000 after buying an additional 7,404,376 shares in the last quarter. Finally, Acadian Asset Management LLC grew its stake in AT&T by 59.6% during the second quarter. Acadian Asset Management LLC now owns 14,493,357 shares of the technology company’s stock worth $419,403,000 after buying an additional 5,410,596 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

T has been the topic of several recent research reports. Royal Bank Of Canada reduced their target price on shares of AT&T from $31.00 to $30.00 and set an “outperform” rating on the stock in a report on Thursday, October 23rd. Citigroup cut their price objective on AT&T from $32.00 to $29.00 and set a “buy” rating on the stock in a research report on Monday, December 22nd. Arete Research set a $20.00 target price on AT&T in a research report on Tuesday, January 6th. Scotiabank reiterated a “sector perform” rating and issued a $29.50 target price on shares of AT&T in a research note on Wednesday, January 7th. Finally, Sanford C. Bernstein reduced their price target on AT&T from $31.00 to $30.00 and set an “outperform” rating on the stock in a research report on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, AT&T currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.83.

AT&T Stock Up 1.1%

Shares of NYSE T opened at $27.41 on Wednesday. AT&T Inc. has a 1 year low of $22.95 and a 1 year high of $29.79. The firm has a market cap of $194.32 billion, a price-to-earnings ratio of 8.99, a PEG ratio of 1.01 and a beta of 0.39. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.86 and a current ratio of 0.91. The stock’s 50-day simple moving average is $24.68 and its 200-day simple moving average is $26.31.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, January 28th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.06. AT&T had a return on equity of 12.33% and a net margin of 17.47%.The company had revenue of $33.47 billion for the quarter, compared to the consensus estimate of $32.91 billion. During the same period in the previous year, the business earned $0.43 EPS. AT&T’s revenue for the quarter was up 3.6% 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 anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Monday, January 12th were paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Monday, January 12th. AT&T’s dividend payout ratio is 36.39%.

AT&T 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.