3,511,472 Shares in AT&T Inc. $T Purchased by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. acquired a new position in shares of AT&T Inc. (NYSE:T) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,511,472 shares of the technology company’s stock, valued at approximately $87,225,000.

Several other large investors have also recently added to or reduced their stakes in the business. Rhumbline Advisers grew its stake in AT&T by 0.4% in the third quarter. Rhumbline Advisers now owns 12,810,872 shares of the technology company’s stock worth $361,779,000 after purchasing an additional 49,727 shares in the last quarter. Wealthfront Advisers LLC increased its holdings in shares of AT&T by 4.9% in the 3rd quarter. Wealthfront Advisers LLC now owns 1,411,031 shares of the technology company’s stock valued at $39,848,000 after acquiring an additional 66,448 shares during the last quarter. Public Sector Pension Investment Board increased its holdings in shares of AT&T by 140.8% in the 3rd quarter. Public Sector Pension Investment Board now owns 2,888,630 shares of the technology company’s stock valued at $81,575,000 after acquiring an additional 1,689,073 shares during the last quarter. Annex Advisory Services LLC increased its holdings in shares of AT&T by 749.1% in the 4th quarter. Annex Advisory Services LLC now owns 159,598 shares of the technology company’s stock valued at $3,964,000 after acquiring an additional 140,802 shares during the last quarter. Finally, World Investment Advisors increased its holdings in shares of AT&T by 85.0% in the 4th quarter. World Investment Advisors now owns 338,942 shares of the technology company’s stock valued at $8,419,000 after acquiring an additional 155,728 shares during the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on T. Arete Research upgraded AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price target for the company in a report on Tuesday, March 10th. Williams Trading set a $32.00 target price on AT&T in a report on Thursday, January 29th. Citigroup upped their target price on AT&T from $29.00 to $31.50 and gave the company a “buy” rating in a report on Monday, March 23rd. Oppenheimer upped their target price on AT&T from $29.00 to $32.00 and gave the company an “outperform” rating in a report on Wednesday, March 11th. Finally, Morgan Stanley initiated coverage on AT&T in a report on Thursday, April 16th. They set an “overweight” rating and a $30.00 target price for the company. One equities research 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.55.

AT&T Stock Performance

Shares of T stock opened at $24.87 on Friday. AT&T Inc. has a 12-month low of $22.95 and a 12-month high of $29.79. The firm has a market capitalization of $172.77 billion, a price-to-earnings ratio of 8.34, a price-to-earnings-growth ratio of 0.91 and a beta of 0.23. The business has a 50 day simple moving average of $26.44 and a 200 day simple moving average of $26.02. 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 (NYSE:T) last issued its quarterly earnings data on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. AT&T had a return on equity of 12.49% and a net margin of 16.94%.The business had revenue of $31.51 billion during the quarter, compared to analyst estimates of $31.29 billion. During the same period in the prior year, the company posted $0.51 EPS. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, equities research analysts anticipate that AT&T Inc. will post 2.31 EPS for the current year.

AT&T Announces Dividend

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

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.