Swiss Life Asset Management Ltd Increases Stock Position in AT&T Inc. $T

Swiss Life Asset Management Ltd lifted its holdings in AT&T Inc. (NYSE:T) by 82.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,456,228 shares of the technology company’s stock after purchasing an additional 656,706 shares during the period. Swiss Life Asset Management Ltd’s holdings in AT&T were worth $36,173,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Asahi Life Asset Management CO. LTD. lifted its position in shares of AT&T by 99.3% in the 4th quarter. Asahi Life Asset Management CO. LTD. now owns 26,591 shares of the technology company’s stock worth $661,000 after purchasing an additional 13,247 shares during the period. Pure Financial Advisors LLC lifted its position in shares of AT&T by 6.7% in the 4th quarter. Pure Financial Advisors LLC now owns 43,124 shares of the technology company’s stock worth $1,071,000 after purchasing an additional 2,722 shares during the period. Income Insurance Ltd purchased a new stake in shares of AT&T in the 4th quarter worth approximately $536,000. Midwest Trust Co lifted its position in shares of AT&T by 4.0% in the 4th quarter. Midwest Trust Co now owns 90,890 shares of the technology company’s stock worth $2,258,000 after purchasing an additional 3,461 shares during the period. Finally, NewEdge Wealth LLC lifted its position in shares of AT&T by 90.5% in the 4th quarter. NewEdge Wealth LLC now owns 159,846 shares of the technology company’s stock worth $3,971,000 after purchasing an additional 75,927 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

T has been the subject of several research reports. Wells Fargo & Company lowered their price target on shares of AT&T from $29.00 to $27.00 and set an “overweight” rating for the company in a research report on Monday, January 26th. Arete Research upgraded shares of AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price objective for the company in a research note on Tuesday, March 10th. Williams Trading set a $32.00 price objective on shares of AT&T in a research note on Thursday, January 29th. Scotiabank reduced their price objective on shares of AT&T from $31.50 to $31.00 and set a “sector perform” rating for the company in a research note on Thursday, April 23rd. Finally, TD Cowen reiterated a “hold” rating on shares of AT&T in a research note on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $30.55.

AT&T Trading Down 0.1%

NYSE:T opened at $25.14 on Monday. AT&T Inc. has a 12 month low of $22.95 and a 12 month high of $29.79. The firm has a fifty day simple moving average of $27.36 and a 200-day simple moving average of $26.04. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $174.69 billion, a P/E ratio of 8.44, a PEG ratio of 0.93 and a beta of 0.23.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, April 22nd. The technology company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.55 by $0.02. The business 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 business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.51 earnings per share. 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 earnings per share for the current year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Friday, April 10th were given a dividend of $0.2775 per share. The ex-dividend date was Friday, April 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.4%. AT&T’s payout ratio is currently 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.