Howard Capital Management Inc. Acquires 22,396 Shares of AT&T Inc. $T

Howard Capital Management Inc. raised its holdings in AT&T Inc. (NYSE:T) by 8.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 300,219 shares of the technology company’s stock after buying an additional 22,396 shares during the quarter. Howard Capital Management Inc.’s holdings in AT&T were worth $7,457,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in T. Front Row Advisors LLC bought a new stake in shares of AT&T in the 2nd quarter worth approximately $25,000. Mountain Hill Investment Partners Corp. boosted its position in shares of AT&T by 363.7% during the third quarter. Mountain Hill Investment Partners Corp. now owns 895 shares of the technology company’s stock valued at $25,000 after purchasing an additional 702 shares in the last quarter. GGM Financials LLC bought a new stake in shares of AT&T during the third quarter valued at approximately $25,000. OFI Invest Asset Management boosted its position in shares of AT&T by 84.2% during the fourth quarter. OFI Invest Asset Management now owns 1,087,055 shares of the technology company’s stock valued at $27,000 after purchasing an additional 496,804 shares in the last quarter. Finally, Cloud Capital Management LLC bought a new stake in shares of AT&T during the third quarter valued at approximately $31,000. 57.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Sanford C. Bernstein dropped their price target on AT&T from $31.00 to $30.00 and set an “outperform” rating on the stock in a research report on Friday, January 16th. Arete Research upgraded AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price target on the stock in a research report on Tuesday, March 10th. KeyCorp lifted their price target on AT&T from $30.00 to $36.00 and gave the company an “overweight” rating in a research report on Wednesday, March 25th. Royal Bank Of Canada restated an “outperform” rating and set a $31.00 price target on shares of AT&T in a research report on Thursday, February 12th. Finally, Barclays dropped their price target on AT&T from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, AT&T currently has an average rating of “Moderate Buy” and an average price target of $30.74.

AT&T Stock Down 1.4%

Shares of NYSE:T opened at $26.47 on Friday. The stock has a fifty day simple moving average of $28.01 and a two-hundred day simple moving average of $26.17. The stock has a market capitalization of $184.88 billion, a price-to-earnings ratio of 8.68, a PEG ratio of 1.01 and a beta of 0.34. AT&T Inc. has a 12-month low of $22.95 and a 12-month high of $29.79. The company has a current ratio of 0.91, a quick ratio of 0.86 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, January 28th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.06. The business had revenue of $33.47 billion during the quarter, compared to analysts’ expectations of $32.91 billion. AT&T had a return on equity of 12.33% and a net margin of 17.47%.The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.43 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, research analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 10th will be given a dividend of $0.2775 per share. The ex-dividend date of this dividend is Friday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.2%. AT&T’s dividend payout ratio (DPR) is 36.39%.

About AT&T

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.