Viking Fund Management LLC Acquires 70,000 Shares of AT&T Inc. $T

Viking Fund Management LLC grew its holdings in AT&T Inc. (NYSE:T) by 16.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 495,000 shares of the technology company’s stock after purchasing an additional 70,000 shares during the period. AT&T makes up about 1.4% of Viking Fund Management LLC’s portfolio, making the stock its 18th biggest position. Viking Fund Management LLC’s holdings in AT&T were worth $12,296,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of T. Brighton Jones LLC grew its holdings in shares of AT&T by 26.5% during the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock valued at $1,106,000 after purchasing an additional 10,188 shares during the last quarter. Global Retirement Partners LLC bought a new stake in shares of AT&T during the second quarter worth $4,542,000. Jefferies Financial Group Inc. grew its stake in shares of AT&T by 35.5% during the second quarter. Jefferies Financial Group Inc. now owns 18,876 shares of the technology company’s stock worth $546,000 after buying an additional 4,946 shares during the last quarter. CreativeOne Wealth LLC increased its holdings in shares of AT&T by 7.6% during the second quarter. CreativeOne Wealth LLC now owns 144,489 shares of the technology company’s stock worth $4,182,000 after buying an additional 10,183 shares in the last quarter. Finally, NDVR Inc. lifted its stake in shares of AT&T by 15.4% in the 2nd quarter. NDVR Inc. now owns 10,278 shares of the technology company’s stock valued at $297,000 after acquiring an additional 1,371 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on T shares. Weiss Ratings restated a “buy (b-)” rating on shares of AT&T in a research report on Monday, December 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $33.00 price target on shares of AT&T in a research note on Thursday, January 29th. Sanford C. Bernstein dropped their price objective on shares of AT&T from $31.00 to $30.00 and set an “outperform” rating for the company in a report on Friday, January 16th. Scotiabank boosted their target price on shares of AT&T from $29.50 to $31.00 and gave the stock a “sector perform” rating in a report on Monday, March 9th. Finally, Williams Trading set a $32.00 price target on shares of AT&T in a research note on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $30.46.

AT&T Stock Up 0.5%

Shares of NYSE T opened at $28.90 on Wednesday. The company’s 50 day moving average price is $26.89 and its 200-day moving average price is $26.23. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.86 and a current ratio of 0.91. AT&T Inc. has a 52-week low of $22.95 and a 52-week high of $29.79. The company has a market capitalization of $201.80 billion, a P/E ratio of 9.47, a price-to-earnings-growth ratio of 1.07 and a beta of 0.39.

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

About AT&T

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.