AT&T Inc. $T Stock Holdings Increased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. increased its stake in shares of AT&T Inc. (NYSE:T) by 464.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 129,000 shares of the technology company’s stock after buying an additional 106,161 shares during the period. Jefferies Financial Group Inc.’s holdings in AT&T were worth $3,148,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Bank of America Corp DE acquired a new stake in AT&T during the second quarter worth approximately $2,310,898,000. GQG Partners LLC bought a new stake in shares of AT&T during the second quarter worth approximately $1,223,364,000. Legal & General Group Plc bought a new stake in shares of AT&T during the second quarter worth approximately $960,695,000. State Street Corp grew its position in shares of AT&T by 5.8% in the second quarter. State Street Corp now owns 334,273,613 shares of the technology company’s stock valued at $6,919,464,000 after purchasing an additional 18,468,679 shares during the last quarter. Finally, Nykredit A S acquired a new position in shares of AT&T in the second quarter valued at approximately $259,954,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on T. BNP Paribas Exane upgraded AT&T from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $26.00 to $30.00 in a research note on Monday, September 21st. JPMorgan Chase & Co. reduced their price target on AT&T from $33.00 to $31.00 and set an “overweight” rating for the company in a research note on Thursday, October 22nd. Sanford C. Bernstein downgraded AT&T from an “outperform” rating to a “market perform” rating and set a $24.00 price target for the company. in a research note on Tuesday, October 13th. Moffett Nathanson decreased their price objective on AT&T from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, September 22nd. Finally, The Goldman Sachs Group set a $27.00 price objective on AT&T in a research report on Wednesday, October 21st. Twelve analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, AT&T has an average rating of “Moderate Buy” and an average price target of $27.56.

AT&T Price Performance

Shares of AT&T stock opened at $22.16 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.87 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $149.31 billion, a price-to-earnings ratio of 11.98, a price-to-earnings-growth ratio of 1.10 and a beta of 0.30. AT&T Inc. has a twelve month low of $19.89 and a twelve month high of $29.43. The company has a 50-day simple moving average of $23.65 and a two-hundred day simple moving average of $24.88.

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

AT&T Announces Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 5.0%. The ex-dividend date was Friday, October 9th. AT&T’s payout ratio is 60.00%.

Latest AT&T News

Here’s some of the latest news about T:

• 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?

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.