AT&T Inc. $T Shares Acquired by Varma Mutual Pension Insurance Co

Varma Mutual Pension Insurance Co raised its holdings in shares of AT&T Inc. (NYSE:T) by 4.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,248,460 shares of the technology company’s stock after purchasing an additional 52,000 shares during the period. Varma Mutual Pension Insurance Co’s holdings in AT&T were worth $31,012,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Mountain Hill Investment Partners Corp. increased its position in shares of AT&T by 363.7% during the third quarter. Mountain Hill Investment Partners Corp. now owns 895 shares of the technology company’s stock worth $25,000 after purchasing an additional 702 shares in the last quarter. GGM Financials LLC acquired a new position in shares of AT&T during the third quarter worth $25,000. Rachor Investment Advisory Services LLC acquired a new position in shares of AT&T during the fourth quarter worth $25,000. Cloud Capital Management LLC acquired a new position in shares of AT&T during the third quarter worth $31,000. Finally, Eagle Bay Advisors LLC acquired a new position in shares of AT&T during the fourth quarter worth $29,000. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Price Performance

Shares of T opened at $26.15 on Monday. The firm has a market capitalization of $181.70 billion, a PE ratio of 8.78, a price-to-earnings-growth ratio of 0.96 and a beta of 0.23. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.92 and a quick ratio of 0.87. AT&T Inc. has a 1-year low of $22.95 and a 1-year high of $29.79. The company’s fifty day moving average price is $27.52 and its 200-day moving average price is $26.05.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, April 22nd. The technology company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. The firm had revenue of $31.51 billion for the quarter, compared to analyst estimates of $31.29 billion. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.51 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, equities research analysts predict that AT&T Inc. will post 2.31 EPS for the current year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Friday, April 10th were issued a dividend of $0.2775 per share. The ex-dividend date of this dividend was Friday, April 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.2%. AT&T’s payout ratio is 37.25%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Citigroup upped their price target on AT&T from $29.00 to $31.50 and gave the stock a “buy” rating in a research report on Monday, March 23rd. Sanford C. Bernstein reduced their price target on AT&T from $31.00 to $30.00 and set an “outperform” rating on the stock in a research report on Friday, January 16th. Williams Trading set a $32.00 price target on AT&T in a research report on Thursday, January 29th. BNP Paribas Exane reduced their price target on AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Finally, TD Cowen reissued a “hold” 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, thirteen have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus 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.