NewEdge Wealth LLC Has $3.97 Million Holdings in AT&T Inc. $T

NewEdge Wealth LLC boosted its holdings in shares of AT&T Inc. (NYSE:T) by 90.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 159,846 shares of the technology company’s stock after buying an additional 75,927 shares during the quarter. NewEdge Wealth LLC’s holdings in AT&T were worth $3,971,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of T. Brighton Jones LLC increased its position in AT&T by 26.5% during the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock worth $1,106,000 after buying an additional 10,188 shares during the last quarter. Osterweis Capital Management Inc. increased its position in AT&T by 4,352.9% during the second quarter. Osterweis Capital Management Inc. now owns 6,234 shares of the technology company’s stock worth $180,000 after buying an additional 6,094 shares during the last quarter. Main Street Financial Solutions LLC increased its position in AT&T by 4.0% during the second quarter. Main Street Financial Solutions LLC now owns 26,796 shares of the technology company’s stock worth $775,000 after buying an additional 1,022 shares during the last quarter. HUB Investment Partners LLC boosted its holdings in shares of AT&T by 19.6% during the second quarter. HUB Investment Partners LLC now owns 55,730 shares of the technology company’s stock worth $1,613,000 after acquiring an additional 9,115 shares during the period. Finally, Peapack Gladstone Financial Corp boosted its holdings in shares of AT&T by 1.8% during the second quarter. Peapack Gladstone Financial Corp now owns 207,063 shares of the technology company’s stock worth $5,992,000 after acquiring an additional 3,677 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Trading Down 1.2%

Shares of NYSE:T opened at $24.86 on Tuesday. AT&T Inc. has a 12-month low of $22.95 and a 12-month high of $29.79. The stock has a market cap of $172.70 billion, a PE ratio of 8.34, a P/E/G ratio of 0.93 and a beta of 0.23. The business has a 50 day moving average of $27.25 and a 200-day moving average of $26.02. 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 issued its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.02. The business had revenue of $31.51 billion during the quarter, compared to analysts’ expectations of $31.29 billion. AT&T had a return on equity of 12.49% and a net margin of 16.94%.The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $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 forecast that AT&T Inc. will post 2.31 earnings per share for the current year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Friday, April 10th were paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Friday, April 10th. AT&T’s payout ratio is 37.25%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on T. Morgan Stanley began coverage on AT&T in a report on Thursday, April 16th. They set an “overweight” rating and a $30.00 price objective for the company. Scotiabank reduced their price objective on AT&T from $31.50 to $31.00 and set a “sector perform” rating for the company in a report on Thursday, April 23rd. Sanford C. Bernstein reduced their price objective on AT&T from $31.00 to $30.00 and set an “outperform” rating for the company in a report on Friday, January 16th. Oppenheimer boosted their price objective on AT&T from $29.00 to $32.00 and gave the stock an “outperform” rating in a report on Wednesday, March 11th. Finally, Wells Fargo & Company reduced their price objective on AT&T from $29.00 to $27.00 and set an “overweight” rating for the company in a report on Monday, January 26th. 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $30.55.

AT&T 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.