NewEdge Wealth LLC Acquires 75,927 Shares of AT&T Inc. $T

NewEdge Wealth LLC grew its position in AT&T Inc. (NYSE:T) by 90.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 159,846 shares of the technology company’s stock after purchasing an additional 75,927 shares during the period. NewEdge Wealth LLC’s holdings in AT&T were worth $3,971,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Triton Financial Group Inc lifted its holdings in shares of AT&T by 35.1% in the fourth quarter. Triton Financial Group Inc now owns 29,802 shares of the technology company’s stock valued at $740,000 after purchasing an additional 7,737 shares in the last quarter. Legacy Wealth Managment LLC ID lifted its holdings in shares of AT&T by 153.4% in the fourth quarter. Legacy Wealth Managment LLC ID now owns 3,025 shares of the technology company’s stock valued at $75,000 after purchasing an additional 1,831 shares in the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of AT&T by 9.3% in the fourth quarter. Crossmark Global Holdings Inc. now owns 1,108,762 shares of the technology company’s stock valued at $27,542,000 after purchasing an additional 94,743 shares in the last quarter. Patten & Patten Inc. TN lifted its holdings in shares of AT&T by 5.5% in the fourth quarter. Patten & Patten Inc. TN now owns 16,420 shares of the technology company’s stock valued at $408,000 after purchasing an additional 860 shares in the last quarter. Finally, Lighthouse Financial Services Inc. ADV bought a new stake in shares of AT&T in the fourth quarter valued at about $426,000. 57.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on T. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $33.00 price target on shares of AT&T in a report on Thursday, January 29th. Wells Fargo & Company cut their price target on AT&T from $29.00 to $27.00 and set an “overweight” rating on the stock in a report on Monday, January 26th. BNP Paribas Exane lowered their target price on AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. UBS Group reaffirmed a “buy” rating on shares of AT&T in a research report on Thursday, January 29th. Finally, Oppenheimer lifted their target price on AT&T from $29.00 to $32.00 and gave the company an “outperform” rating in a research report on Wednesday, March 11th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, AT&T currently has a consensus rating of “Moderate Buy” and an average price target of $30.55.

AT&T Price Performance

NYSE:T opened at $24.86 on Tuesday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.87 and a current ratio of 0.92. The stock’s 50-day simple moving average is $27.25 and its 200 day simple moving average is $26.02. The company has a market cap of $172.70 billion, a P/E ratio of 8.34, a P/E/G ratio of 0.93 and a beta of 0.23. AT&T Inc. has a 52-week low of $22.95 and a 52-week high of $29.79.

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 analysts’ consensus estimates of $0.55 by $0.02. The business had revenue of $31.51 billion for the quarter, compared to the consensus estimate of $31.29 billion. AT&T had a return on equity of 12.49% and a net margin of 16.94%.AT&T’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous 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 forecast that AT&T Inc. will post 2.31 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Friday, April 10th were given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Friday, April 10th. AT&T’s payout ratio is 37.25%.

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.