Rede Wealth LLC Acquires Shares of 23,020 AT&T Inc. $T

Rede Wealth LLC acquired a new stake in AT&T Inc. (NYSE:T) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 23,020 shares of the technology company’s stock, valued at approximately $572,000.

Several other large investors also recently added to or reduced their stakes in T. Amundi boosted its position in AT&T by 67.5% in the 3rd quarter. Amundi now owns 42,295,492 shares of the technology company’s stock valued at $1,094,184,000 after buying an additional 17,040,328 shares during the period. Woodline Partners LP boosted its position in AT&T by 931.4% in the 3rd quarter. Woodline Partners LP now owns 8,027,708 shares of the technology company’s stock valued at $226,702,000 after buying an additional 7,249,373 shares during the period. SG Americas Securities LLC boosted its position in AT&T by 222.7% in the 4th quarter. SG Americas Securities LLC now owns 6,846,868 shares of the technology company’s stock valued at $170,076,000 after buying an additional 4,725,382 shares during the period. California Public Employees Retirement System boosted its position in AT&T by 23.2% in the 3rd quarter. California Public Employees Retirement System now owns 24,472,780 shares of the technology company’s stock valued at $691,111,000 after buying an additional 4,613,259 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of AT&T by 8.6% in the 3rd quarter. Invesco Ltd. now owns 57,823,362 shares of the technology company’s stock valued at $1,632,932,000 after purchasing an additional 4,584,316 shares in the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Trading Down 3.3%

NYSE T opened at $25.60 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 0.91 and a debt-to-equity ratio of 1.00. The firm has a market cap of $178.75 billion, a PE ratio of 8.39, a price-to-earnings-growth ratio of 0.99 and a beta of 0.34. The company has a 50 day moving average price of $27.99 and a 200 day moving average price of $26.12. AT&T Inc. has a 52 week low of $22.95 and a 52 week high of $29.79.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, January 28th. The technology company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.46 by $0.06. The firm had revenue of $33.47 billion during the quarter, compared to analyst estimates of $32.91 billion. AT&T had a net margin of 17.47% and a return on equity of 12.33%. AT&T’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.43 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, sell-side analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Friday, April 10th. AT&T’s payout ratio is 36.39%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on T shares. KeyCorp boosted their price target on shares of AT&T from $30.00 to $36.00 and gave the company an “overweight” rating in a report on Wednesday, March 25th. The Goldman Sachs Group reduced their price target on shares of AT&T from $33.00 to $29.00 and set a “buy” rating for the company in a report on Friday, December 19th. Loop Capital set a $29.00 price target on shares of AT&T in a report on Friday, December 19th. Wells Fargo & Company reduced their price target on shares of AT&T from $29.00 to $27.00 and set an “overweight” rating for the company in a report on Monday, January 26th. Finally, TD Cowen restated a “hold” rating on shares of AT&T in a report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, AT&T currently has an average rating of “Moderate Buy” and a consensus price target of $30.74.

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.