Keudell Morrison Wealth Management Buys Shares of 64,430 AT&T Inc. $T

Keudell Morrison Wealth Management bought a new stake in AT&T Inc. (NYSE:T) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 64,430 shares of the technology company’s stock, valued at approximately $1,600,000.

Other institutional investors also recently bought and sold shares of the company. GGM Financials LLC bought a new position in AT&T in the third quarter valued at about $25,000. Rachor Investment Advisory Services LLC bought a new position in AT&T in the fourth quarter valued at about $25,000. Cresta Advisors Ltd. bought a new position in AT&T in the fourth quarter valued at about $26,000. OFI Invest Asset Management lifted its holdings in AT&T by 84.2% in the fourth quarter. OFI Invest Asset Management now owns 1,087,055 shares of the technology company’s stock valued at $27,000 after acquiring an additional 496,804 shares during the period. Finally, Eagle Bay Advisors LLC bought a new position in AT&T in the fourth quarter valued at about $29,000. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Up 1.7%

NYSE T opened at $25.36 on Friday. The stock’s 50-day moving average price is $26.69 and its 200-day moving average price is $26.00. 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. The company has a market capitalization of $176.18 billion, a P/E ratio of 8.51, a price-to-earnings-growth ratio of 0.92 and a beta of 0.23.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, April 22nd. The technology company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.55 by $0.02. AT&T had a return on equity of 12.49% and a net margin of 16.94%.The firm had revenue of $31.51 billion for the quarter, compared to the consensus estimate of $31.29 billion. During the same quarter last year, the company earned $0.51 earnings per share. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, equities research analysts predict that AT&T Inc. will post 2.31 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Friday, April 10th were given a dividend of $0.2775 per share. The ex-dividend date was Friday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.4%. AT&T’s dividend payout ratio (DPR) is currently 37.25%.

AT&T News Summary

Here are the key news stories impacting AT&T this week:

• Positive Sentiment: AT&T unveiled a $19 billion California infrastructure plan to expand fiber and wireless service, which could support long-term revenue growth and network modernization. AT&T Makes $19 Billion Commitment to Bring High-Speed Connectivity to California
• Positive Sentiment: AT&T also launched a new $15 “Build-A-Plan” wireless offering, giving customers more flexibility and potentially helping the company attract or retain price-sensitive users. AT&T Launches Build-A-Plan: A Fully Customizable Wireless Experience Where Customers Control What They Pay for
• Positive Sentiment: Royal Bank of Canada reaffirmed an “outperform” rating and set a $31 price target, reinforcing a bullish valuation view on the stock. AT&T had its “outperform” rating reaffirmed by Royal Bank Of Canada.
• Neutral Sentiment: AT&T is suing California to stop providing traditional copper phone service to new customers, reflecting a push to retire legacy infrastructure; the lawsuit could speed modernization, but it also highlights regulatory friction. AT&T sues California in bid to stop offering traditional phone service
• Negative Sentiment: Reports that AT&T added a new monthly admin fee to some prepaid plans could hurt customer sentiment and raise churn concerns in its consumer wireless business. AT&T slams prepaid customers with a new, surprise monthly fee
• Negative Sentiment: Jim Cramer’s comment that he does not “want to be in AT&T” may add some headline pressure, though it is more sentiment-driven than fundamental. Jim Cramer Says He Does Not “Want to Be in AT&T”

Wall Street Analysts Forecast Growth

T has been the topic of a number of recent research reports. TD Cowen reissued a “hold” rating on shares of AT&T in a report on Thursday, January 29th. KeyCorp raised their price objective on AT&T from $30.00 to $36.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 25th. Scotiabank decreased their price objective on AT&T from $31.50 to $31.00 and set a “sector perform” rating on the stock in a research note on Thursday, April 23rd. Oppenheimer raised their price objective on AT&T from $29.00 to $32.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 11th. Finally, Arete Research raised AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price objective on the stock in a research note on Tuesday, March 10th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, AT&T presently has an average rating of “Moderate Buy” and an average price target of $30.55.

About AT&T

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.