Oddo BHF Asset Management Sas Raises Position in AT&T Inc. $T

Oddo BHF Asset Management Sas lifted its stake in shares of AT&T Inc. (NYSE:T) by 271.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 715,415 shares of the technology company’s stock after purchasing an additional 522,640 shares during the period. Oddo BHF Asset Management Sas’ holdings in AT&T were worth $17,771,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Annex Advisory Services LLC grew its position in shares of AT&T by 749.1% during the 4th quarter. Annex Advisory Services LLC now owns 159,598 shares of the technology company’s stock valued at $3,964,000 after purchasing an additional 140,802 shares in the last quarter. World Investment Advisors grew its position in shares of AT&T by 85.0% during the 4th quarter. World Investment Advisors now owns 338,942 shares of the technology company’s stock valued at $8,419,000 after purchasing an additional 155,728 shares in the last quarter. ING Groep NV grew its position in shares of AT&T by 120.3% during the 4th quarter. ING Groep NV now owns 2,050,310 shares of the technology company’s stock valued at $50,930,000 after purchasing an additional 1,119,731 shares in the last quarter. Cerity Partners LLC grew its position in shares of AT&T by 3.7% during the 4th quarter. Cerity Partners LLC now owns 1,668,862 shares of the technology company’s stock valued at $41,449,000 after purchasing an additional 59,279 shares in the last quarter. Finally, WealthPlan Investment Management LLC grew its position in shares of AT&T by 415.0% during the 4th quarter. WealthPlan Investment Management LLC now owns 63,357 shares of the technology company’s stock valued at $1,574,000 after purchasing an additional 51,055 shares in the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Stock Performance

AT&T stock opened at $23.25 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $161.57 billion, a PE ratio of 7.80, a P/E/G ratio of 0.98 and a beta of 0.21. The firm has a fifty day simple moving average of $25.22 and a two-hundred day simple moving average of $25.84. AT&T Inc. has a twelve month low of $22.32 and a twelve month high of $29.79.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.02. The business had revenue of $31.51 billion during the quarter, compared to the consensus estimate of $31.29 billion. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Research analysts expect 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. Shareholders of record on Friday, April 10th were paid 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 4.8%. AT&T’s payout ratio is currently 37.25%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on T. BNP Paribas Exane reduced their price target on shares of AT&T from $28.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. 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 report on Wednesday, March 25th. Wall Street Zen downgraded shares of AT&T from a “hold” rating to a “sell” rating in a report on Saturday, May 30th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $31.00 price objective on shares of AT&T in a report on Wednesday, May 20th. Finally, Citigroup lifted their price objective on shares of AT&T from $29.00 to $31.50 and gave the stock a “buy” rating in a report on Monday, March 23rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, AT&T currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.55.

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.