AT&T Inc. $T Stock Position Increased by Merit Financial Group LLC

Merit Financial Group LLC raised its position in shares of AT&T Inc. (NYSE:T) by 4.0% in the third quarter, HoldingsChannel reports. The firm owned 477,635 shares of the technology company’s stock after acquiring an additional 18,553 shares during the period. Merit Financial Group LLC’s holdings in AT&T were worth $13,488,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in T. Founders Financial Alliance LLC raised its holdings in shares of AT&T by 1.2% during the third quarter. Founders Financial Alliance LLC now owns 83,743 shares of the technology company’s stock valued at $2,365,000 after buying an additional 1,005 shares during the last quarter. Skandinaviska Enskilda Banken AB publ increased its position in AT&T by 17.2% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 2,538,712 shares of the technology company’s stock valued at $71,693,000 after acquiring an additional 373,281 shares during the period. Summitry LLC increased its position in AT&T by 1.6% in the 3rd quarter. Summitry LLC now owns 247,906 shares of the technology company’s stock valued at $7,001,000 after acquiring an additional 3,967 shares during the period. Texas Yale Capital Corp. raised its stake in AT&T by 2.5% during the 3rd quarter. Texas Yale Capital Corp. now owns 254,116 shares of the technology company’s stock valued at $7,176,000 after acquiring an additional 6,300 shares in the last quarter. Finally, Providence Financial Advisors LLC acquired a new position in AT&T during the 3rd quarter worth $447,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Down 0.4%

NYSE T opened at $28.70 on Tuesday. AT&T Inc. has a 12 month low of $22.95 and a 12 month high of $29.79. The company has a market capitalization of $200.88 billion, a P/E ratio of 9.41, a PEG ratio of 1.06 and a beta of 0.39. The company’s 50 day simple moving average is $24.95 and its 200 day simple moving average is $26.34. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.91 and a quick ratio of 0.86.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, January 28th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.06. The firm had revenue of $33.47 billion for the quarter, compared to analyst estimates of $32.91 billion. AT&T had a net margin of 17.47% and a return on equity of 12.33%. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.43 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities research analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Monday, January 12th were given a dividend of $0.2775 per share. The ex-dividend date of this dividend was Monday, January 12th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.9%. AT&T’s payout ratio is 36.39%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Loop Capital set a $29.00 price objective on shares of AT&T in a research note on Friday, December 19th. Arete Research set a $20.00 target price on shares of AT&T in a research note on Tuesday, January 6th. Sanford C. Bernstein dropped their price target on shares of AT&T from $31.00 to $30.00 and set an “outperform” rating on the stock in a research report on Friday, January 16th. Williams Trading set a $32.00 price objective on shares of AT&T in a report on Thursday, January 29th. Finally, Citigroup lowered their price objective on shares of AT&T from $32.00 to $29.00 and set a “buy” rating on the stock in a research note on Monday, December 22nd. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $29.93.

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.