Mariner LLC Increases Stock Position in AT&T Inc. $T

Mariner LLC grew its stake in shares of AT&T Inc. (NYSE:T) by 4.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 5,633,937 shares of the technology company’s stock after buying an additional 252,316 shares during the quarter. Mariner LLC’s holdings in AT&T were worth $139,946,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Motiv8 Investments LLC grew its stake in shares of AT&T by 17.4% during the 4th quarter. Motiv8 Investments LLC now owns 9,329 shares of the technology company’s stock valued at $232,000 after buying an additional 1,381 shares during the period. Fieldview Capital Management LLC grew its stake in shares of AT&T by 13.3% during the 4th quarter. Fieldview Capital Management LLC now owns 142,717 shares of the technology company’s stock valued at $3,545,000 after buying an additional 16,781 shares during the period. Focus Partners Wealth grew its stake in shares of AT&T by 35.4% during the 4th quarter. Focus Partners Wealth now owns 2,117,913 shares of the technology company’s stock valued at $52,689,000 after buying an additional 553,757 shares during the period. Glen Eagle Advisors LLC grew its stake in shares of AT&T by 1.3% during the 4th quarter. Glen Eagle Advisors LLC now owns 44,835 shares of the technology company’s stock valued at $1,114,000 after buying an additional 581 shares during the period. Finally, Huber Capital Management LLC grew its stake in shares of AT&T by 34.3% during the 4th quarter. Huber Capital Management LLC now owns 919,525 shares of the technology company’s stock valued at $22,841,000 after buying an additional 235,000 shares during the period. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Stock Performance

NYSE:T opened at $23.54 on Monday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.92 and a quick ratio of 0.87. The firm has a 50-day moving average of $25.32 and a two-hundred day moving average of $25.86. The stock has a market cap of $163.56 billion, a P/E ratio of 7.90, a PEG ratio of 0.98 and a beta of 0.21. AT&T Inc. has a 1-year low of $22.32 and a 1-year high of $29.79.

AT&T (NYSE:T) last posted 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 company had revenue of $31.51 billion during the quarter, compared to analysts’ expectations of $31.29 billion. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.51 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, research analysts expect that AT&T Inc. will post 2.31 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Friday, April 10th were given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend was Friday, April 10th. AT&T’s dividend payout ratio is presently 37.25%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on T. Oppenheimer cut shares of AT&T from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 3rd. Weiss Ratings cut shares of AT&T from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. Scotiabank decreased their price target on shares of AT&T from $31.50 to $31.00 and set a “sector perform” rating for the company in a research report on Thursday, April 23rd. Arete Research raised shares of AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price target for the company in a research report on Tuesday, March 10th. Finally, Morgan Stanley initiated coverage on shares of AT&T in a research report on Thursday, April 16th. They set an “overweight” rating and a $30.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.