173,904 Shares of AT&T Inc. $T Purchased by Machina Capital S.A.S.

Machina Capital S.A.S. purchased a new position in AT&T Inc. (NYSE:T) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 173,904 shares of the technology company’s stock, valued at approximately $4,243,000.

Several other institutional investors also recently bought and sold shares of the company. DSG Capital Advisors LLC lifted its position in AT&T by 4.6% in the 3rd quarter. DSG Capital Advisors LLC now owns 12,699 shares of the technology company’s stock valued at $310,000 after acquiring an additional 563 shares in the last quarter. Inspire Trust Co. N.A. boosted its stake in AT&T by 4.0% during the 3rd quarter. Inspire Trust Co. N.A. now owns 259,000 shares of the technology company’s stock valued at $6,320,000 after purchasing an additional 10,000 shares during the last quarter. Knights of Columbus Asset Advisors LLC boosted its stake in AT&T by 13.2% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 768,138 shares of the technology company’s stock valued at $18,743,000 after purchasing an additional 89,291 shares during the last quarter. AMG National Trust Bank increased its holdings in shares of AT&T by 5.3% in the 3rd quarter. AMG National Trust Bank now owns 120,217 shares of the technology company’s stock worth $2,933,000 after purchasing an additional 6,102 shares in the last quarter. Finally, Csenge Advisory Group increased its holdings in shares of AT&T by 3.0% in the 3rd quarter. Csenge Advisory Group now owns 97,688 shares of the technology company’s stock worth $2,384,000 after purchasing an additional 2,878 shares in the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. The Goldman Sachs Group set a $27.00 price target on AT&T in a research note on Wednesday, October 21st. Morgan Stanley lowered their price target on AT&T from $28.00 to $25.00 and set an “overweight” rating on the stock in a report on Thursday, October 22nd. Citigroup dropped their price objective on AT&T from $31.50 to $28.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. Argus reiterated a “buy” rating and issued a $30.00 price objective on shares of AT&T in a report on Thursday, October 22nd. Finally, KeyCorp reduced their price objective on AT&T from $36.00 to $33.00 and set an “overweight” rating for the company in a report on Thursday, October 22nd. Twelve equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $27.56.

AT&T Stock Up 1.4%

T opened at $22.24 on Thursday. The stock has a market capitalization of $149.80 billion, a price-to-earnings ratio of 12.02, a PEG ratio of 1.08 and a beta of 0.30. The firm has a 50 day moving average price of $23.72 and a 200-day moving average price of $24.89. AT&T Inc. has a twelve month low of $19.89 and a twelve month high of $29.43. The company has a quick ratio of 0.82, a current ratio of 0.87 and a debt-to-equity ratio of 1.22.

AT&T (NYSE:T) last issued its earnings results on Wednesday, October 21st. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.05. AT&T had a net margin of 10.19% and a return on equity of 13.41%. The company had revenue of $32.32 billion for the quarter, compared to analysts’ expectations of $31.69 billion. During the same quarter last year, the company posted $0.54 earnings per share. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. Equities research analysts forecast that AT&T Inc. will post 2.40 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 2nd. Shareholders of record on Monday, October 12th were paid a dividend of $0.2775 per share. The ex-dividend date was Friday, October 9th. This represents a $1.11 dividend on an annualized basis and a yield of 5.0%. AT&T’s payout ratio is currently 60.00%.

AT&T News Summary

Investors following T have been watching these news items:

• Positive Sentiment: AT&T and Verizon could introduce satellite coverage before 2027, potentially expanding connectivity options and strengthening AT&T’s service offering. The report does not provide details on timing or financial impact. AT&T and Verizon satellite coverage could arrive before 2027
• Neutral Sentiment: One valuation analysis argues AT&T may be about 34% below fair value, while noting that customer-service and network initiatives could affect future cash generation; the valuation estimate is not a company forecast. AT&T stock may be 34% below fair value
• Negative Sentiment: The 10-year Treasury yield has reached roughly 5%, creating a more competitive alternative to AT&T’s dividend and potentially limiting demand for high-yield shares. Treasury yields and AT&T dividend article

About AT&T

AT&T Inc. (NYSE: T) is a telecommunications company that provides wireless communications, broadband, and related connectivity services. Its offerings include mobile voice and data plans, internet access, fiber broadband, fixed wireless services, and business communications solutions. The company serves consumers, businesses, government agencies, and other organizations primarily in the United States. AT&T’s business operations include wireless network services, wireline connectivity, fiber-optic internet, voice services, and networking solutions designed to connect locations, devices, and applications.