AT&T Inc. $T Shares Newly Bought by Machina Capital S.A.S.

Machina Capital S.A.S. bought a new position in AT&T Inc. (NYSE:T) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 173,904 shares of the technology company’s stock, valued at approximately $4,243,000.

A number of other large investors have also made changes to their positions in T. DSG Capital Advisors LLC raised its position in AT&T by 4.6% in the third quarter. DSG Capital Advisors LLC now owns 12,699 shares of the technology company’s stock worth $310,000 after acquiring an additional 563 shares during the period. Inspire Trust Co. N.A. boosted its stake in shares of AT&T by 4.0% during the 3rd quarter. Inspire Trust Co. N.A. now owns 259,000 shares of the technology company’s stock worth $6,320,000 after acquiring an additional 10,000 shares during the last quarter. Knights of Columbus Asset Advisors LLC boosted its stake in shares of AT&T by 13.2% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 768,138 shares of the technology company’s stock worth $18,743,000 after acquiring an additional 89,291 shares during the last quarter. AMG National Trust Bank grew its position in shares of AT&T by 5.3% during the 3rd quarter. AMG National Trust Bank now owns 120,217 shares of the technology company’s stock valued at $2,933,000 after acquiring an additional 6,102 shares during the period. Finally, Csenge Advisory Group grew its position in shares of AT&T by 3.0% during the 3rd quarter. Csenge Advisory Group now owns 97,688 shares of the technology company’s stock valued at $2,384,000 after acquiring an additional 2,878 shares during the period. 57.10% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on T. Arete Research reduced their price objective on AT&T from $28.00 to $23.00 and set a “neutral” rating for the company in a research note on Thursday, October 1st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of AT&T in a report on Friday, October 30th. Moffett Nathanson lowered their target price on AT&T from $24.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 22nd. BNP Paribas Exane upgraded AT&T from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $26.00 to $30.00 in a research report on Monday, September 21st. Finally, Deutsche Bank cut their price target on AT&T from $32.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, October 27th. Twelve equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, AT&T has a consensus rating of “Moderate Buy” and an average price target of $27.56.

AT&T Price Performance

NYSE T opened at $22.24 on Thursday. AT&T Inc. has a 12 month low of $19.89 and a 12 month high of $29.43. The stock has a market cap of $149.80 billion, a price-to-earnings ratio of 12.02, a PEG ratio of 1.08 and a beta of 0.30. The company’s 50 day moving average is $23.72 and its two-hundred day moving average is $24.89. The company has a current ratio of 0.87, a quick ratio of 0.82 and a debt-to-equity ratio of 1.22.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, October 21st. The technology company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.05. The business had revenue of $32.32 billion for the quarter, compared to the consensus estimate of $31.69 billion. AT&T had a net margin of 10.19% and a return on equity of 13.41%. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.54 earnings per share. As a group, research analysts anticipate that AT&T Inc. will post 2.40 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 2nd. Stockholders of record on Monday, October 12th were given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 5.0%. The ex-dividend date was Friday, October 9th. AT&T’s dividend payout ratio (DPR) is presently 60.00%.

Key AT&T News

These are some of the T news items that stood out recently:

• Positive Sentiment: AT&T and Verizon could introduce satellite coverage before 2027, potentially expanding connectivity options and strengthening AT&T’s service offering. The report does not provide details on timing or financial impact. AT&T and Verizon satellite coverage could arrive before 2027
• Negative Sentiment: The 10-year Treasury yield has reached roughly 5%, creating a more competitive alternative to AT&T’s dividend and potentially limiting demand for high-yield shares. Treasury yields and AT&T dividend article
• Negative Sentiment: Commentary highlights AT&T’s heavy debt load, a concern that could constrain flexibility and make its dividend less attractive if financing costs remain elevated. Should dividend investors buy AT&T stock?

AT&T Company Profile

AT&T Inc. (NYSE: T) is a telecommunications company that provides wireless communications, broadband, and related connectivity services. Its offerings include mobile voice and data plans, internet access, fiber broadband, fixed wireless services, and business communications solutions. The company serves consumers, businesses, government agencies, and other organizations primarily in the United States. AT&T’s business operations include wireless network services, wireline connectivity, fiber-optic internet, voice services, and networking solutions designed to connect locations, devices, and applications.