87,381 Shares in AT&T Inc. $T Purchased by Fideuram Asset Management Ireland dac

Fideuram Asset Management Ireland dac acquired a new position in shares of AT&T Inc. (NYSE:T) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 87,381 shares of the technology company’s stock, valued at approximately $2,355,000.

Other large investors have also added to or reduced their stakes in the company. GGM Financials LLC purchased a new stake in AT&T during the third quarter worth about $25,000. Rachor Investment Advisory Services LLC purchased a new stake in AT&T during the fourth quarter worth about $25,000. Cresta Advisors Ltd. purchased a new stake in AT&T during the fourth quarter worth about $26,000. Blueline Advisors LLC purchased a new stake in AT&T during the fourth quarter worth about $26,000. Finally, Cloud Capital Management LLC purchased a new stake in AT&T during the third quarter worth about $31,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

T opened at $24.80 on Friday. The company has a market capitalization of $172.33 billion, a price-to-earnings ratio of 8.32, a PEG ratio of 0.91 and a beta of 0.23. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 1.05. The firm has a 50-day moving average price of $26.39 and a 200-day moving average price of $26.01. AT&T Inc. has a twelve month low of $22.95 and a twelve month high of $29.79.

AT&T (NYSE:T) last posted its earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.02. The firm had revenue of $31.51 billion during the quarter, compared to the consensus estimate of $31.29 billion. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The company’s revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the company earned $0.51 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities analysts expect that AT&T Inc. will post 2.31 EPS for the current year.

AT&T Announces Dividend

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

Analyst Ratings Changes

A number of research firms recently issued reports on T. Morgan Stanley began coverage on shares of AT&T in a report on Thursday, April 16th. They set an “overweight” rating and a $30.00 price objective for the company. Arete Research upgraded shares of AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price objective for the company in a report on Tuesday, March 10th. Wall Street Zen downgraded shares of AT&T from a “hold” rating to a “sell” rating in a report on Saturday. Royal Bank Of Canada reiterated an “outperform” rating and issued a $31.00 target price on shares of AT&T in a research note on Wednesday, May 20th. Finally, Citigroup lifted their target price on shares of AT&T from $29.00 to $31.50 and gave the stock a “buy” rating in a research note on Monday, March 23rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $30.55.

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.