iA Global Asset Management Inc. Buys 813,097 Shares of AT&T Inc. $T

iA Global Asset Management Inc. boosted its stake in AT&T Inc. (NYSE:T) by 7,818.2% in the 1st quarter, Holdings Channel reports. The firm owned 823,497 shares of the technology company’s stock after acquiring an additional 813,097 shares during the quarter. iA Global Asset Management Inc.’s holdings in AT&T were worth $23,873,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Premier Path Wealth Partners LLC lifted its holdings in shares of AT&T by 5.3% in the first quarter. Premier Path Wealth Partners LLC now owns 56,669 shares of the technology company’s stock worth $1,643,000 after buying an additional 2,848 shares in the last quarter. Mayflower Financial Advisors LLC grew its stake in AT&T by 6.4% during the first quarter. Mayflower Financial Advisors LLC now owns 43,498 shares of the technology company’s stock valued at $1,261,000 after acquiring an additional 2,622 shares in the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. grew its stake in AT&T by 65.1% during the first quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 28,738 shares of the technology company’s stock valued at $833,000 after acquiring an additional 11,331 shares in the last quarter. Master S Wealth Management Inc. bought a new stake in AT&T during the 1st quarter worth approximately $213,000. Finally, Moss Adams Wealth Advisors LLC increased its holdings in AT&T by 16.7% during the 1st quarter. Moss Adams Wealth Advisors LLC now owns 25,580 shares of the technology company’s stock worth $742,000 after acquiring an additional 3,663 shares during the period. 57.10% of the stock is currently owned by institutional investors.

More AT&T News

Here are the key news stories impacting AT&T this week:

• Positive Sentiment: AT&T announced an expansion of its Build-A-Plan offering, making wireless plans more customizable and easier to bundle with home internet, which could support customer growth and reduce churn. Article title
• Neutral Sentiment: AT&T is heading into its next earnings report with analysts expecting only modest earnings growth, so investors are watching for guidance rather than a major surprise. Article title
• Neutral Sentiment: Commentary around AT&T’s valuation and dividend yield continues to frame the stock as a high-yield telecom name, but that support has been overshadowed by recent market selling and index-related pressure. Article title
• Negative Sentiment: Reports that SpaceX may enter the mobile phone market intensified fears of new competition for AT&T’s wireless business, contributing to selling across telecom stocks. Article title
• Negative Sentiment: AT&T was also hit by broader telecom-sector weakness after reports of satellite connectivity developments, plus concerns about competitive and regulatory headwinds and the CFO’s planned retirement. Article title
• Negative Sentiment: AT&T hit a new 52-week low, underscoring weak technical momentum and reinforcing bearish trader sentiment. Article title

AT&T Trading Down 5.2%

Shares of AT&T stock opened at $20.70 on Wednesday. AT&T Inc. has a 1 year low of $20.57 and a 1 year high of $29.79. The firm has a market cap of $143.80 billion, a PE ratio of 6.94, a PEG ratio of 0.89 and a beta of 0.21. 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 company has a 50 day simple moving average of $24.21 and a two-hundred day simple moving average of $25.60.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 EPS for the quarter, topping 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 revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.51 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Analysts expect that AT&T Inc. will post 2.31 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 10th will be given a $0.2775 dividend. The ex-dividend date is Friday, July 10th. This represents a $1.11 annualized dividend and a yield of 5.4%. AT&T’s payout ratio is 37.25%.

Wall Street Analysts Forecast Growth

T has been the topic of several recent analyst reports. Morgan Stanley began coverage on shares of AT&T in a research note on Thursday, April 16th. They issued an “overweight” rating and a $30.00 target price on the stock. Scotiabank reduced 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. Weiss Ratings cut shares of AT&T from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $31.00 price objective on shares of AT&T in a research report on Wednesday, May 20th. Finally, KeyCorp boosted their target price on AT&T from $30.00 to $36.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 25th. 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 stock currently has an average rating of “Moderate Buy” and an average target price of $30.55.

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.