AT&T Inc. $T Shares Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. boosted its position in AT&T Inc. (NYSE:T) by 2.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 980,826 shares of the technology company’s stock after acquiring an additional 26,359 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in AT&T were worth $24,364,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. GGM Financials LLC acquired a new stake in AT&T in the third quarter valued at about $25,000. Rachor Investment Advisory Services LLC acquired a new stake in AT&T in the fourth quarter valued at about $25,000. Cresta Advisors Ltd. acquired a new stake in AT&T in the fourth quarter valued at about $26,000. Eagle Bay Advisors LLC acquired a new stake in AT&T in the fourth quarter valued at about $29,000. Finally, WHI TRUST Co LLC acquired a new stake in AT&T in the fourth quarter valued at about $29,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Trading Up 0.0%

Shares of AT&T stock opened at $24.80 on Monday. AT&T Inc. has a 12-month low of $22.95 and a 12-month high of $29.79. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 1.05. The stock has a market cap of $172.33 billion, a PE ratio of 8.32, a price-to-earnings-growth ratio of 0.90 and a beta of 0.21. The company has a 50-day moving average of $26.39 and a two-hundred day moving average of $26.02.

AT&T (NYSE:T) last issued its earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The company had revenue of $31.51 billion during the quarter, compared to analysts’ expectations of $31.29 billion. During the same period last year, the company posted $0.51 earnings per share. The firm’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. On average, 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 disclosed a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Friday, April 10th were paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend was Friday, April 10th. AT&T’s dividend payout ratio (DPR) is 37.25%.

Analyst Ratings Changes

A number of brokerages recently commented on T. 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 research report on Tuesday, March 10th. Oppenheimer increased their target price on shares of AT&T from $29.00 to $32.00 and gave the company an “outperform” rating in a report on Wednesday, March 11th. Scotiabank dropped their target price on shares of AT&T from $31.50 to $31.00 and set a “sector perform” rating for the company in a report on Thursday, April 23rd. Morgan Stanley began coverage on shares of AT&T in a report on Thursday, April 16th. They issued an “overweight” rating and a $30.00 target price for the company. Finally, Weiss Ratings cut shares of AT&T from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $30.55.

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.