AT&T Inc. $T Stock Holdings Boosted by Fifth Third Bancorp

Fifth Third Bancorp boosted its stake in AT&T Inc. (NYSE:T) by 1.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 2,711,771 shares of the technology company’s stock after acquiring an additional 44,861 shares during the quarter. Fifth Third Bancorp’s holdings in AT&T were worth $66,167,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in T. Robinswood Financial LLC bought a new stake in shares of AT&T during the first quarter worth $29,000. Orion Capital Management LLC bought a new position in shares of AT&T in the 2nd quarter valued at $26,000. Addison Advisors LLC bought a new position in shares of AT&T in the 2nd quarter valued at $27,000. North Point Portfolio Managers Corp OH bought a new position in shares of AT&T in the 3rd quarter valued at $34,000. Finally, Matrix Trust Co lifted its stake in shares of AT&T by 331.8% in the 2nd quarter. Matrix Trust Co now owns 1,494 shares of the technology company’s stock valued at $31,000 after acquiring an additional 1,148 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Down 0.4%

Shares of T opened at $22.16 on Friday. The company has a market capitalization of $149.31 billion, a PE ratio of 11.98, a PEG ratio of 1.10 and a beta of 0.30. AT&T Inc. has a 12 month low of $19.89 and a 12 month high of $29.43. The stock’s 50-day moving average price is $23.65 and its two-hundred day moving average price is $24.88. The company has a current ratio of 0.87, a quick ratio of 0.82 and a debt-to-equity ratio of 1.22.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, October 21st. The technology company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.05. The firm had revenue of $32.32 billion for the quarter, compared to analyst estimates of $31.69 billion. AT&T had a return on equity of 13.41% and a net margin of 10.19%. The business’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.54 EPS. On average, analysts anticipate that AT&T Inc. will post 2.40 EPS for the current year.

AT&T Dividend Announcement

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

Recent AT&T Headlines

Investors following T have been watching these headlines:

• Positive Sentiment: Reports that AT&T and Verizon could offer satellite coverage before 2027 point to a potential new way to extend service reach, though details and commercial impact remain uncertain. AT&T and Verizon satellite coverage could arrive before 2027
• Neutral Sentiment: Elon Musk’s comment that SpaceX could acquire a legacy telecom to access spectrum highlights the value of spectrum held by AT&T and Verizon. It may underscore the strategic worth of AT&T’s assets, while also raising the prospect of new competition. Musk Says SpaceX Could Acquire a Legacy Telco
• Negative Sentiment: A comparison of AT&T with Verizon favors Verizon, citing stronger cash flow, improving subscriber trends, and an expanding fiber footprint—factors that could weigh on AT&T’s relative investment appeal. T vs. VZ: Which Telecom Stock is a Better Investment Right Now?

Wall Street Analyst Weigh In

Several research firms recently weighed in on T. Citigroup cut their price objective on AT&T from $31.50 to $28.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Royal Bank Of Canada lowered their target price on AT&T from $31.00 to $27.00 and set an “outperform” rating for the company in a report on Monday, July 20th. JPMorgan Chase & Co. dropped their target price on AT&T from $33.00 to $31.00 and set an “overweight” rating for the company in a research report on Thursday, October 22nd. Sanford C. Bernstein lowered AT&T from an “outperform” rating to a “market perform” rating and set a $24.00 price target on the stock. in a research note on Tuesday, October 13th. Finally, Daiwa Securities Group reduced their price target on AT&T from $25.00 to $23.00 and set a “neutral” rating on the stock in a report on Thursday, July 23rd. Twelve investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $27.56.

AT&T Company Profile

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.