J. Safra Sarasin Holding AG Has $64.03 Million Holdings in AT&T Inc. $T

J. Safra Sarasin Holding AG boosted its holdings in shares of AT&T Inc. (NYSE:TFree Report) by 1.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,208,901 shares of the technology company’s stock after acquiring an additional 25,256 shares during the period. AT&T makes up approximately 1.1% of J. Safra Sarasin Holding AG’s investment portfolio, making the stock its 27th largest holding. J. Safra Sarasin Holding AG’s holdings in AT&T were worth $64,035,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in T. Vanguard Group Inc. lifted its holdings in shares of AT&T by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 664,055,700 shares of the technology company’s stock valued at $16,495,144,000 after purchasing an additional 3,585,661 shares in the last quarter. State Street Corp increased its stake in AT&T by 2.6% during the 4th quarter. State Street Corp now owns 332,089,723 shares of the technology company’s stock worth $8,249,109,000 after purchasing an additional 8,314,678 shares in the last quarter. Bank of America Corp DE raised its holdings in AT&T by 3.5% during the 4th quarter. Bank of America Corp DE now owns 119,742,478 shares of the technology company’s stock worth $2,974,403,000 after buying an additional 4,079,062 shares during the period. Norges Bank acquired a new stake in AT&T during the 4th quarter worth approximately $2,181,977,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in AT&T by 0.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 51,600,464 shares of the technology company’s stock worth $1,281,756,000 after buying an additional 225,708 shares during the period. 57.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. KeyCorp upped their price target on shares of AT&T from $30.00 to $36.00 and gave the company an “overweight” rating in a report on Wednesday, March 25th. Wall Street Zen upgraded shares of AT&T from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. 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. Barclays reduced their target price on shares of AT&T from $26.00 to $24.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 8th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $31.00 target price on shares of AT&T in a report on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $29.68.

View Our Latest Research Report on AT&T

Key Headlines Impacting AT&T

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

AT&T Stock Up 0.1%

Shares of T stock opened at $21.16 on Monday. The firm’s fifty day moving average price is $23.38 and its two-hundred day moving average price is $25.41. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 1.05. AT&T Inc. has a 1 year low of $19.89 and a 1 year high of $29.79. The firm has a market capitalization of $146.99 billion, a P/E ratio of 7.10, a PEG ratio of 0.86 and a beta of 0.24.

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

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 10th will be given a dividend of $0.2775 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $1.11 annualized dividend and a yield of 5.2%. AT&T’s dividend payout ratio is 37.25%.

AT&T Profile

(Free Report)

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.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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