Oddo BHF Asset Management Sas Buys 522,640 Shares of AT&T Inc. $T

Oddo BHF Asset Management Sas lifted its stake in shares of AT&T Inc. (NYSE:T) by 271.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 715,415 shares of the technology company’s stock after purchasing an additional 522,640 shares during the quarter. Oddo BHF Asset Management Sas’ holdings in AT&T were worth $17,771,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GGM Financials LLC bought a new position in shares of AT&T during the 3rd quarter worth about $25,000. Rachor Investment Advisory Services LLC bought a new position in shares of AT&T during the 4th quarter worth about $25,000. Cresta Advisors Ltd. bought a new position in shares of AT&T during the 4th quarter worth about $26,000. Blueline Advisors LLC bought a new position in AT&T in the 4th quarter valued at about $26,000. Finally, Winnow Wealth LLC lifted its position in AT&T by 362.8% in the 4th quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company’s stock valued at $26,000 after acquiring an additional 820 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

AT&T stock opened at $23.25 on Tuesday. AT&T Inc. has a 52 week low of $22.32 and a 52 week high of $29.79. The company’s 50 day moving average price is $25.22 and its two-hundred day moving average price is $25.84. 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 stock has a market cap of $161.57 billion, a P/E ratio of 7.80, a P/E/G ratio of 0.98 and a beta of 0.21.

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. On average, equities analysts predict that AT&T Inc. will post 2.31 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently declared 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. The ex-dividend date was Friday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.8%. AT&T’s dividend payout ratio (DPR) is presently 37.25%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. KeyCorp raised their price target on shares of AT&T from $30.00 to $36.00 and gave the company an “overweight” rating in a research report on Wednesday, March 25th. Oppenheimer cut shares of AT&T from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 3rd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $31.00 price target on shares of AT&T in a research report on Wednesday, May 20th. Arete Research raised shares of AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price target on the stock in a research report on Tuesday, March 10th. Finally, Weiss Ratings cut shares of AT&T from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.