Y Intercept Hong Kong Ltd Has $8.22 Million Holdings in AT&T Inc. $T

Y Intercept Hong Kong Ltd lifted its holdings in AT&T Inc. (NYSE:T) by 482.0% during the 4th quarter, Holdings Channel reports. The fund owned 330,857 shares of the technology company’s stock after acquiring an additional 274,008 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in AT&T were worth $8,218,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. GGM Financials LLC acquired a new position in AT&T during the 3rd quarter worth $25,000. Rachor Investment Advisory Services LLC acquired a new position in AT&T during the 4th quarter worth $25,000. Cresta Advisors Ltd. acquired a new position in AT&T during the 4th quarter worth $26,000. Blueline Advisors LLC acquired a new position in AT&T during the 4th quarter worth $26,000. Finally, Winnow Wealth LLC lifted its holdings 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 buying an additional 820 shares in the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Price Performance

T opened at $23.54 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 1.05. AT&T Inc. has a 12 month low of $22.32 and a 12 month high of $29.79. The company has a fifty day simple moving average of $25.32 and a 200 day simple moving average of $25.86. The stock has a market cap of $163.56 billion, a P/E ratio of 7.90, a P/E/G ratio of 0.96 and a beta of 0.21.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, April 22nd. The technology company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The business had revenue of $31.51 billion during the quarter, compared to analysts’ expectations of $31.29 billion. During the same quarter in the prior year, the company earned $0.51 EPS. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, research analysts expect that AT&T Inc. will post 2.31 EPS for the current year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Friday, April 10th were paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date was Friday, April 10th. AT&T’s dividend payout ratio is currently 37.25%.

Analyst Upgrades and Downgrades

Several brokerages have commented on T. Wall Street Zen cut shares of AT&T from a “hold” rating to a “sell” rating in a research report on Saturday, May 30th. Scotiabank dropped their target price on shares of AT&T from $31.50 to $31.00 and set a “sector perform” rating for the company in a research report on Thursday, April 23rd. Citigroup upped their target price on shares of AT&T from $29.00 to $31.50 and gave the company a “buy” rating in a research report on Monday, March 23rd. BNP Paribas Exane dropped their target price on shares of AT&T from $28.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. Finally, KeyCorp upped their target price on shares of AT&T from $30.00 to $36.00 and gave the company an “overweight” rating in a research report on Wednesday, March 25th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, AT&T has a consensus rating of “Moderate Buy” and an average price target 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.