Axxcess Wealth Management LLC Has $15.95 Million Position in AT&T Inc. $T

Axxcess Wealth Management LLC grew its stake in AT&T Inc. (NYSE:T) by 325.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 642,029 shares of the technology company’s stock after buying an additional 491,127 shares during the quarter. Axxcess Wealth Management LLC’s holdings in AT&T were worth $15,948,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GGM Financials LLC bought a new stake in shares of AT&T in the third quarter worth $25,000. Rachor Investment Advisory Services LLC bought a new stake in AT&T during the fourth quarter worth $25,000. Cresta Advisors Ltd. bought a new stake in AT&T during the fourth quarter worth $26,000. OFI Invest Asset Management raised its position in AT&T by 84.2% during the fourth quarter. OFI Invest Asset Management now owns 1,087,055 shares of the technology company’s stock worth $27,000 after acquiring an additional 496,804 shares in the last quarter. Finally, Eagle Bay Advisors LLC bought a new stake in AT&T during the fourth quarter worth $29,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Down 0.2%

Shares of NYSE T opened at $25.29 on Friday. The company has a 50 day simple moving average of $26.65 and a 200 day simple moving average of $26.00. The firm has a market cap of $175.74 billion, a PE ratio of 8.49, a price-to-earnings-growth ratio of 0.92 and a beta of 0.23. AT&T Inc. has a 1 year low of $22.95 and a 1 year high of $29.79. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.92 and a quick ratio of 0.87.

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

AT&T Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Royal Bank Of Canada restated an “outperform” rating and issued a $31.00 price target on shares of AT&T in a research note on Wednesday. Williams Trading set a $32.00 price target on shares of AT&T in a research report on Thursday, January 29th. Oppenheimer raised their price target on shares of AT&T from $29.00 to $32.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 11th. Citigroup raised their price target on shares of AT&T from $29.00 to $31.50 and gave the stock a “buy” rating in a research report on Monday, March 23rd. Finally, UBS Group reaffirmed a “buy” rating on shares of AT&T in a research report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $30.55.

Key Headlines Impacting AT&T

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

• Positive Sentiment: AT&T announced a new partnership with Lexus to bring its 5G connectivity into upcoming vehicles, a win that highlights demand for its wireless network and creates another potential growth avenue. AT&T Partners With Lexus, Here’s What You Should Know
• Positive Sentiment: The company also unveiled “Build-A-Plan,” a lower-priced, customizable wireless offering that could help AT&T attract budget-conscious customers and improve retention in a competitive market. AT&T Launches Build-A-Plan
• Positive Sentiment: AT&T is also being praised by some investors for its steady execution and value profile, with commentary pointing to solid operational discipline and compelling valuation. AT&T Gains From Steady Stagey Execution
• Positive Sentiment: Longer-term, AT&T outlined a $19 billion California fiber and wireless investment plan through 2030, reinforcing its infrastructure spending and modernization strategy. AT&T Makes $19 Billion Commitment to Bring High-Speed Connectivity to California
• Neutral Sentiment: AT&T, Verizon, and T-Mobile reportedly agreed in principle to form a joint venture to reduce mobile dead zones, which could support industry infrastructure investment but does not yet have a clear financial impact. Verizon, AT&T, and T-Mobile Form a Joint Venture to End Mobile Dead Zones Across the US
• Negative Sentiment: AT&T sued California to block requirements tied to its old copper-phone network, highlighting ongoing regulatory friction and the challenge of retiring legacy services. AT&T sues California in bid to stop offering traditional phone service
• Negative Sentiment: AT&T also faced criticism over a new prepaid admin fee and other pricing-related moves, which could weigh on sentiment if customers react negatively. AT&T is the first carrier to charge an admin fee for its prepaid plans
• Negative Sentiment: Analyst coverage after earnings notes AT&T is still down from its last report, suggesting investors remain cautious despite a recent beat on EPS and revenue. AT&T Down 4.8% Since Last Earnings Report: Can It Rebound?

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.