Prospera Financial Services Inc Boosts Position in AT&T Inc. $T

Prospera Financial Services Inc increased its holdings in AT&T Inc. (NYSE:T) by 6.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 349,906 shares of the technology company’s stock after acquiring an additional 20,539 shares during the quarter. Prospera Financial Services Inc’s holdings in AT&T were worth $9,883,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in T. Denali Advisors LLC raised its position in shares of AT&T by 5.9% in the 2nd quarter. Denali Advisors LLC now owns 401,037 shares of the technology company’s stock worth $11,606,000 after acquiring an additional 22,394 shares in the last quarter. Csenge Advisory Group raised its holdings in AT&T by 20.3% in the third quarter. Csenge Advisory Group now owns 189,293 shares of the technology company’s stock worth $5,346,000 after purchasing an additional 31,935 shares in the last quarter. Tredje AP fonden lifted its position in AT&T by 1.8% during the second quarter. Tredje AP fonden now owns 1,221,395 shares of the technology company’s stock valued at $35,347,000 after buying an additional 21,720 shares during the period. Sentry Investment Management LLC boosted its holdings in shares of AT&T by 153.2% during the 2nd quarter. Sentry Investment Management LLC now owns 22,095 shares of the technology company’s stock valued at $625,000 after buying an additional 13,370 shares in the last quarter. Finally, Vise Technologies Inc. bought a new stake in shares of AT&T during the 2nd quarter valued at $6,221,000. Institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

Shares of T opened at $27.41 on Wednesday. The company has a market capitalization of $194.32 billion, a P/E ratio of 8.99, a price-to-earnings-growth ratio of 1.01 and a beta of 0.39. AT&T Inc. has a twelve month low of $22.95 and a twelve month high of $29.79. The company has a quick ratio of 0.86, a current ratio of 0.91 and a debt-to-equity ratio of 1.00. The firm has a 50 day moving average of $24.68 and a 200 day moving average of $26.31.

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

AT&T Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Scotiabank reiterated a “sector perform” rating and issued a $29.50 price target on shares of AT&T in a research note on Wednesday, January 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $33.00 target price on shares of AT&T in a research note on Thursday, January 29th. Wall Street Zen cut AT&T from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. UBS Group reaffirmed a “buy” rating on shares of AT&T in a research report on Thursday, January 29th. Finally, The Goldman Sachs Group dropped their target price on AT&T from $33.00 to $29.00 and set a “buy” rating on the stock in a report on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, AT&T has an average rating of “Moderate Buy” and an average price target of $29.83.

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.