New Age Alpha Advisors LLC lifted its holdings in AT&T Inc. (NYSE:T – Free Report) by 31.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 509,714 shares of the technology company’s stock after acquiring an additional 121,599 shares during the period. AT&T makes up 0.5% of New Age Alpha Advisors LLC’s portfolio, making the stock its 27th biggest position. New Age Alpha Advisors LLC’s holdings in AT&T were worth $12,661,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the business. Tsfg LLC increased its position in shares of AT&T by 3.6% in the fourth quarter. Tsfg LLC now owns 10,656 shares of the technology company’s stock worth $265,000 after acquiring an additional 366 shares in the last quarter. Aspire Growth Partners LLC increased its position in shares of AT&T by 1.1% in the fourth quarter. Aspire Growth Partners LLC now owns 36,790 shares of the technology company’s stock worth $914,000 after acquiring an additional 386 shares in the last quarter. Gentry Private Wealth LLC increased its position in shares of AT&T by 1.7% in the third quarter. Gentry Private Wealth LLC now owns 23,537 shares of the technology company’s stock worth $665,000 after acquiring an additional 393 shares in the last quarter. Thoroughbred Financial Services LLC increased its position in shares of AT&T by 2.8% in the third quarter. Thoroughbred Financial Services LLC now owns 14,847 shares of the technology company’s stock worth $419,000 after acquiring an additional 406 shares in the last quarter. Finally, Arkfeld Wealth Strategies L.L.C. increased its position in shares of AT&T by 1.6% in the third quarter. Arkfeld Wealth Strategies L.L.C. now owns 25,869 shares of the technology company’s stock worth $700,000 after acquiring an additional 415 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.
AT&T Price Performance
Shares of T stock opened at $25.29 on Monday. The company has a market capitalization of $175.74 billion, a PE ratio of 8.49, a price-to-earnings-growth ratio of 0.92 and a beta of 0.23. The firm has a fifty day simple moving average of $26.65 and a 200-day simple moving average of $26.01. 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 twelve month low of $22.95 and a twelve month high of $29.79.
AT&T Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Friday, April 10th were paid a $0.2775 dividend. The ex-dividend date was Friday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.4%. AT&T’s dividend payout ratio is 37.25%.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on T. Citigroup increased their price objective on shares of AT&T from $29.00 to $31.50 and gave the stock a “buy” rating in a research report on Monday, March 23rd. Royal Bank Of Canada reissued an “outperform” rating and issued a $31.00 price objective on shares of AT&T in a research report on Wednesday, May 20th. Oppenheimer increased their price objective on shares of AT&T from $29.00 to $32.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 11th. Wells Fargo & Company decreased their target price on shares of AT&T from $29.00 to $27.00 and set an “overweight” rating for the company in a research note on Monday, January 26th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $33.00 target price on shares of AT&T in a research note on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, AT&T has an average rating of “Moderate Buy” and a consensus target price of $30.55.
Key AT&T News
Here are the key news stories impacting AT&T this week:
- Positive Sentiment: AT&T announced a new partnership with Lexus to bring its 5G connectivity into upcoming vehicles, a win that highlights demand for its wireless network and creates another potential growth avenue. AT&T Partners With Lexus, Here’s What You Should Know
- Positive Sentiment: The company also unveiled “Build-A-Plan,” a lower-priced, customizable wireless offering that could help AT&T attract budget-conscious customers and improve retention in a competitive market. AT&T Launches Build-A-Plan
- Positive Sentiment: AT&T is also being praised by some investors for its steady execution and value profile, with commentary pointing to solid operational discipline and compelling valuation. AT&T Gains From Steady Stagey Execution
- Positive Sentiment: Longer-term, AT&T outlined a $19 billion California fiber and wireless investment plan through 2030, reinforcing its infrastructure spending and modernization strategy. AT&T Makes $19 Billion Commitment to Bring High-Speed Connectivity to California
- Neutral Sentiment: AT&T, Verizon, and T-Mobile reportedly agreed in principle to form a joint venture to reduce mobile dead zones, which could support industry infrastructure investment but does not yet have a clear financial impact. Verizon, AT&T, and T-Mobile Form a Joint Venture to End Mobile Dead Zones Across the US
- Negative Sentiment: AT&T sued California to block requirements tied to its old copper-phone network, highlighting ongoing regulatory friction and the challenge of retiring legacy services. AT&T sues California in bid to stop offering traditional phone service
- Negative Sentiment: AT&T also faced criticism over a new prepaid admin fee and other pricing-related moves, which could weigh on sentiment if customers react negatively. AT&T is the first carrier to charge an admin fee for its prepaid plans
- Negative Sentiment: Analyst coverage after earnings notes AT&T is still down from its last report, suggesting investors remain cautious despite a recent beat on EPS and revenue. AT&T Down 4.8% Since Last Earnings Report: Can It Rebound?
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.
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