AT&T Inc. $T Position Boosted by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund grew its position in AT&T Inc. (NYSE:T) by 3.7% in the third quarter, Holdings Channel.com reports. The fund owned 1,629,156 shares of the technology company’s stock after buying an additional 57,768 shares during the period. AT&T makes up approximately 0.6% of Illinois Municipal Retirement Fund’s investment portfolio, making the stock its 17th largest position. Illinois Municipal Retirement Fund’s holdings in AT&T were worth $46,007,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in T. J. L. Bainbridge & Co. Inc. raised its holdings in shares of AT&T by 1.7% during the second quarter. J. L. Bainbridge & Co. Inc. now owns 21,253 shares of the technology company’s stock worth $615,000 after purchasing an additional 355 shares during the period. Financial & Tax Architects LLC grew its position in shares of AT&T by 4.9% during the 2nd quarter. Financial & Tax Architects LLC now owns 7,588 shares of the technology company’s stock valued at $220,000 after buying an additional 356 shares during the last quarter. Roberts Glore & Co. Inc. IL raised its stake in AT&T by 2.0% during the second quarter. Roberts Glore & Co. Inc. IL now owns 18,386 shares of the technology company’s stock worth $532,000 after acquiring an additional 357 shares during the period. Investment Partners LTD. lifted its holdings in AT&T by 3.5% in the second quarter. Investment Partners LTD. now owns 10,464 shares of the technology company’s stock worth $303,000 after acquiring an additional 357 shares during the last quarter. Finally, Parcion Private Wealth LLC boosted its stake in AT&T by 2.5% in the second quarter. Parcion Private Wealth LLC now owns 14,910 shares of the technology company’s stock valued at $431,000 after acquiring an additional 364 shares during the period. 57.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on T shares. Royal Bank Of Canada cut their price target on AT&T from $31.00 to $30.00 and set an “outperform” rating on the stock in a report on Thursday, October 23rd. TD Cowen reissued a “hold” rating on shares of AT&T in a report on Thursday, January 29th. Wells Fargo & Company lowered their price target on shares of AT&T from $29.00 to $27.00 and set an “overweight” rating for the company in a research report on Monday, January 26th. Citigroup cut their price objective on shares of AT&T from $32.00 to $29.00 and set a “buy” rating on the stock in a research report on Monday, December 22nd. Finally, UBS Group reissued a “buy” rating on shares of AT&T in a research note on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, AT&T presently has an average rating of “Moderate Buy” and an average price target of $29.83.

AT&T Price Performance

Shares of NYSE:T opened at $28.45 on Thursday. The stock has a market cap of $201.69 billion, a price-to-earnings ratio of 9.33, a PEG ratio of 1.02 and a beta of 0.39. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.91 and a quick ratio of 0.86. AT&T Inc. has a 12 month low of $22.95 and a 12 month high of $29.79. The stock’s 50 day moving average price is $24.74 and its 200 day moving average price is $26.32.

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

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Monday, January 12th were issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Monday, January 12th. AT&T’s dividend payout ratio is presently 36.39%.

AT&T Company 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.