31,143 Shares in AT&T Inc. $T Bought by Pursuit Wealth Management LLC

Pursuit Wealth Management LLC bought a new stake in shares of AT&T Inc. (NYSE:TFree Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 31,143 shares of the technology company’s stock, valued at approximately $774,000.

Other hedge funds have also bought and sold shares of the company. Mountain Hill Investment Partners Corp. raised its stake in shares of AT&T by 363.7% in the third quarter. Mountain Hill Investment Partners Corp. now owns 895 shares of the technology company’s stock worth $25,000 after buying an additional 702 shares during the period. GGM Financials LLC purchased a new position in shares of AT&T during the 3rd quarter valued at about $25,000. OFI Invest Asset Management lifted its position in shares of AT&T by 84.2% during the 4th quarter. OFI Invest Asset Management now owns 1,087,055 shares of the technology company’s stock valued at $27,000 after buying an additional 496,804 shares in the last quarter. Eagle Bay Advisors LLC bought a new position in shares of AT&T during the 4th quarter valued at approximately $29,000. Finally, Cloud Capital Management LLC purchased a new stake in AT&T in the 3rd quarter worth approximately $31,000. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Down 0.6%

NYSE T opened at $25.47 on Thursday. AT&T Inc. has a 12 month low of $22.95 and a 12 month high of $29.79. The company has a current ratio of 0.91, a quick ratio of 0.86 and a debt-to-equity ratio of 1.00. The stock has a market cap of $177.84 billion, a PE ratio of 8.35, a P/E/G ratio of 0.96 and a beta of 0.34. The stock’s 50 day moving average is $27.93 and its 200 day moving average is $26.09.

AT&T (NYSE:TGet Free Report) last announced its quarterly earnings data on Wednesday, January 28th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.06. The business had revenue of $33.47 billion during the quarter, compared to analyst estimates of $32.91 billion. AT&T had a net margin of 17.47% and a return on equity of 12.33%. The company’s revenue was up 3.6% on a year-over-year basis. During the same period last year, the firm posted $0.43 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Research analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, April 10th will be given a dividend of $0.2775 per share. The ex-dividend date is Friday, April 10th. This represents a $1.11 annualized dividend and a yield of 4.4%. AT&T’s dividend payout ratio (DPR) is 36.39%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Barclays decreased their target price on shares of AT&T from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $33.00 price objective on shares of AT&T in a research note on Thursday, January 29th. The Goldman Sachs Group decreased their price objective on shares of AT&T from $33.00 to $29.00 and set a “buy” rating on the stock in a research report on Friday, December 19th. Weiss Ratings restated a “buy (b-)” rating on shares of AT&T in a research note on Monday, December 29th. Finally, UBS Group reaffirmed a “buy” rating on shares of AT&T in a report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $30.74.

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About AT&T

(Free Report)

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.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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