Kingsview Wealth Management LLC Purchases 50,214 Shares of AT&T Inc. $T

Kingsview Wealth Management LLC lifted its position in shares of AT&T Inc. (NYSE:T) by 18.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 317,561 shares of the technology company’s stock after purchasing an additional 50,214 shares during the period. Kingsview Wealth Management LLC’s holdings in AT&T were worth $7,888,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. GGM Financials LLC bought a new position in shares of AT&T in the third quarter valued at $25,000. Rachor Investment Advisory Services LLC acquired a new position in shares of AT&T during the fourth quarter valued at about $25,000. Cresta Advisors Ltd. bought a new stake in shares of AT&T during the fourth quarter worth about $26,000. OFI Invest Asset Management raised its holdings in shares of AT&T by 84.2% in the 4th quarter. OFI Invest Asset Management now owns 1,087,055 shares of the technology company’s stock worth $27,000 after acquiring an additional 496,804 shares during the last quarter. Finally, Eagle Bay Advisors LLC acquired a new stake in shares of AT&T in the 4th quarter worth about $29,000. 57.10% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Royal Bank Of Canada reiterated an “outperform” rating and set a $31.00 price target on shares of AT&T in a research note on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $33.00 price objective on shares of AT&T in a research note on Thursday, January 29th. UBS Group restated a “buy” rating on shares of AT&T in a report on Thursday, January 29th. Citigroup upped their price target on AT&T from $29.00 to $31.50 and gave the stock a “buy” rating in a report on Monday, March 23rd. Finally, Arete Research raised AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price target for the company in a research report on Tuesday, March 10th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.55.

AT&T Trading Down 0.1%

Shares of T stock opened at $24.87 on Friday. 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 company has a market capitalization of $172.77 billion, a price-to-earnings ratio of 8.34, a PEG ratio of 0.91 and a beta of 0.23. AT&T Inc. has a 52-week low of $22.95 and a 52-week high of $29.79. The company has a 50-day simple moving average of $26.44 and a two-hundred day simple moving average of $26.02.

AT&T (NYSE:T) last posted its earnings results on Wednesday, April 22nd. The technology company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.55 by $0.02. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The firm had revenue of $31.51 billion for the quarter, compared to analysts’ expectations of $31.29 billion. During the same quarter last year, the firm earned $0.51 EPS. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. 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 fiscal year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Friday, April 10th were issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Friday, April 10th. AT&T’s dividend payout ratio (DPR) is 37.25%.

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.