AT&T Inc. $T Shares Acquired by Royal Bank of Canada

Royal Bank of Canada lifted its holdings in shares of AT&T Inc. (NYSE:T) by 5.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 38,893,766 shares of the technology company’s stock after purchasing an additional 2,014,217 shares during the quarter. Royal Bank of Canada owned about 0.56% of AT&T worth $966,121,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in T. Norges Bank acquired a new stake in shares of AT&T during the fourth quarter worth about $2,181,977,000. Amundi lifted its position in shares of AT&T by 67.5% during the third quarter. Amundi now owns 42,295,492 shares of the technology company’s stock worth $1,094,184,000 after purchasing an additional 17,040,328 shares in the last quarter. Alyeska Investment Group L.P. lifted its position in shares of AT&T by 620.8% during the fourth quarter. Alyeska Investment Group L.P. now owns 11,891,778 shares of the technology company’s stock worth $295,392,000 after purchasing an additional 10,241,949 shares in the last quarter. State Street Corp raised its holdings in AT&T by 2.6% in the fourth quarter. State Street Corp now owns 332,089,723 shares of the technology company’s stock valued at $8,249,109,000 after acquiring an additional 8,314,678 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in AT&T by 49.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 25,155,597 shares of the technology company’s stock valued at $624,865,000 after acquiring an additional 8,297,201 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Down 0.5%

Shares of NYSE:T opened at $23.16 on Wednesday. The firm’s 50 day moving average price is $25.12 and its 200 day moving average price is $25.82. The stock has a market cap of $160.94 billion, a price-to-earnings ratio of 7.77, a price-to-earnings-growth ratio of 0.97 and a beta of 0.21. AT&T Inc. has a fifty-two week low of $22.32 and a fifty-two week high of $29.79. 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 (NYSE:T) last released its quarterly earnings data on Wednesday, April 22nd. The technology company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. The company had revenue of $31.51 billion for 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%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the company earned $0.51 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, equities research analysts predict that AT&T Inc. will post 2.31 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 4.8%. AT&T’s payout ratio is 37.25%.

Analyst Upgrades and Downgrades

T has been the topic of several analyst reports. Scotiabank reduced their target price on shares of AT&T from $31.50 to $31.00 and set a “sector perform” rating on the stock in a report on Thursday, April 23rd. Morgan Stanley initiated coverage on shares of AT&T in a report on Thursday, April 16th. They issued an “overweight” rating and a $30.00 target price on the stock. BNP Paribas Exane reduced their target price on shares of AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. Citigroup raised their target price on shares of AT&T from $29.00 to $31.50 and gave the company a “buy” rating in a report on Monday, March 23rd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $31.00 target price on shares of AT&T in a report on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.