Ilmarinen Mutual Pension Insurance Co Cuts Stock Holdings in AT&T Inc. $T

Ilmarinen Mutual Pension Insurance Co decreased its holdings in shares of AT&T Inc. (NYSE:T) by 8.1% during the fourth quarter, HoldingsChannel reports. The firm owned 964,828 shares of the technology company’s stock after selling 85,000 shares during the period. Ilmarinen Mutual Pension Insurance Co’s holdings in AT&T were worth $23,966,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Tsfg LLC grew its position in shares of AT&T by 3.6% in the 4th quarter. Tsfg LLC now owns 10,656 shares of the technology company’s stock worth $265,000 after buying an additional 366 shares during the last quarter. Aspire Growth Partners LLC grew its position in shares of AT&T by 1.1% in the 4th quarter. Aspire Growth Partners LLC now owns 36,790 shares of the technology company’s stock worth $914,000 after buying an additional 386 shares during the last quarter. Gentry Private Wealth LLC grew its position in shares of AT&T by 1.7% in the 3rd quarter. Gentry Private Wealth LLC now owns 23,537 shares of the technology company’s stock worth $665,000 after buying an additional 393 shares during the last quarter. Thoroughbred Financial Services LLC grew its position in shares of AT&T by 2.8% in the 3rd quarter. Thoroughbred Financial Services LLC now owns 14,847 shares of the technology company’s stock worth $419,000 after buying an additional 406 shares during the last quarter. Finally, Arkfeld Wealth Strategies L.L.C. grew its position in shares of AT&T by 1.6% in the 3rd quarter. Arkfeld Wealth Strategies L.L.C. now owns 25,869 shares of the technology company’s stock worth $700,000 after buying an additional 415 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Down 0.1%

T stock opened at $24.87 on Friday. The firm has a 50 day moving average of $26.44 and a 200 day moving average of $26.02. The stock has a market capitalization of $172.77 billion, a PE ratio of 8.34, a price-to-earnings-growth ratio of 0.91 and a beta of 0.23. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 1.05. AT&T Inc. has a 52 week low of $22.95 and a 52 week high of $29.79.

AT&T (NYSE:T) last released its earnings results on Wednesday, April 22nd. The technology company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. The company had revenue of $31.51 billion during the quarter, compared to analysts’ expectations of $31.29 billion. AT&T had a net margin of 16.94% and a return on equity of 12.49%. AT&T’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period last year, the business earned $0.51 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Sell-side analysts forecast that AT&T Inc. will post 2.31 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Friday, April 10th were paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.5%. The ex-dividend date was Friday, April 10th. AT&T’s payout ratio is presently 37.25%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on T. KeyCorp lifted their price objective on shares of AT&T from $30.00 to $36.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 25th. UBS Group reaffirmed a “buy” rating on shares of AT&T in a research report on Thursday, January 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $33.00 price objective on shares of AT&T in a research report on Thursday, January 29th. Scotiabank cut their price objective on shares of AT&T from $31.50 to $31.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 23rd. Finally, Morgan Stanley initiated coverage on shares of AT&T in a research report on Thursday, April 16th. They issued an “overweight” rating and a $30.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $30.55.

AT&T Company 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.