Lombard Odier Asset Management Switzerland SA Purchases 201,491 Shares of AT&T Inc. $T

Lombard Odier Asset Management Switzerland SA grew its position in shares of AT&T Inc. (NYSE:T) by 1,318.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 216,769 shares of the technology company’s stock after purchasing an additional 201,491 shares during the quarter. Lombard Odier Asset Management Switzerland SA’s holdings in AT&T were worth $5,385,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of T. GGM Financials LLC bought a new position in shares of AT&T during the 3rd quarter valued at $25,000. Rachor Investment Advisory Services LLC purchased a new stake in AT&T during the fourth quarter valued at about $25,000. Cresta Advisors Ltd. bought a new stake in shares of AT&T in the 4th quarter valued at about $26,000. Blueline Advisors LLC bought a new stake in shares of AT&T in the 4th quarter valued at about $26,000. Finally, Winnow Wealth LLC grew its position in AT&T by 362.8% during the 4th quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company’s stock worth $26,000 after acquiring an additional 820 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Trading Down 0.5%

Shares of NYSE T opened at $23.16 on Wednesday. AT&T Inc. has a 1 year low of $22.32 and a 1 year high of $29.79. 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 $25.12 and a 200 day moving average of $25.82. The stock has a market cap of $160.94 billion, a P/E ratio of 7.77, a price-to-earnings-growth ratio of 0.97 and a beta of 0.21.

AT&T (NYSE:T) last released its earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.02. The firm had revenue of $31.51 billion during 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 was up 2.9% on a year-over-year basis. During the same period last year, the business earned $0.51 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, sell-side analysts expect that AT&T Inc. will post 2.31 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 1st. Investors 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 dividend on an annualized basis and a yield of 4.8%. AT&T’s payout ratio is presently 37.25%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on T shares. Citigroup raised their target price on shares of AT&T from $29.00 to $31.50 and gave the stock a “buy” rating in a report on Monday, March 23rd. Arete Research upgraded AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price objective on the stock in a research report on Tuesday, March 10th. KeyCorp upped their target price on 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 cut shares of AT&T from a “hold” rating to a “sell” rating in a report on Saturday, May 30th. Finally, Oppenheimer lowered shares of AT&T from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 3rd. One 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 company’s stock. According to MarketBeat.com, the stock presently has a consensus 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.