Mariner LLC Increases Stock Position in AT&T Inc. $T

Mariner LLC raised its holdings in AT&T Inc. (NYSE:T) by 4.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,633,937 shares of the technology company’s stock after purchasing an additional 252,316 shares during the quarter. Mariner LLC owned 0.08% of AT&T worth $139,946,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in T. Annex Advisory Services LLC raised its position in shares of AT&T by 749.1% during the 4th quarter. Annex Advisory Services LLC now owns 159,598 shares of the technology company’s stock worth $3,964,000 after purchasing an additional 140,802 shares during the last quarter. World Investment Advisors raised its position in shares of AT&T by 85.0% during the 4th quarter. World Investment Advisors now owns 338,942 shares of the technology company’s stock worth $8,419,000 after purchasing an additional 155,728 shares during the last quarter. ING Groep NV raised its position in shares of AT&T by 120.3% during the 4th quarter. ING Groep NV now owns 2,050,310 shares of the technology company’s stock worth $50,930,000 after purchasing an additional 1,119,731 shares during the last quarter. Cerity Partners LLC raised its position in shares of AT&T by 3.7% during the 4th quarter. Cerity Partners LLC now owns 1,668,862 shares of the technology company’s stock worth $41,449,000 after purchasing an additional 59,279 shares during the last quarter. Finally, WealthPlan Investment Management LLC raised its position in shares of AT&T by 415.0% during the 4th quarter. WealthPlan Investment Management LLC now owns 63,357 shares of the technology company’s stock worth $1,574,000 after purchasing an additional 51,055 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Trading Down 0.2%

Shares of T opened at $23.54 on Monday. The stock has a fifty day moving average of $25.32 and a two-hundred day moving average of $25.86. 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 company has a market capitalization of $163.56 billion, a PE ratio of 7.90, a price-to-earnings-growth ratio of 0.98 and a beta of 0.21. AT&T Inc. has a fifty-two week low of $22.32 and a fifty-two week high of $29.79.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.02. The company had revenue of $31.51 billion during 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 revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, analysts forecast that AT&T Inc. will post 2.31 EPS for the current 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 issued a $0.2775 dividend. The ex-dividend date was Friday, April 10th. This represents a $1.11 annualized dividend and a yield of 4.7%. AT&T’s payout ratio is 37.25%.

Analysts Set New Price Targets

Several research analysts recently issued reports on T shares. KeyCorp lifted their price objective on AT&T from $30.00 to $36.00 and gave the stock 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 objective on shares of AT&T in a research report on Wednesday, May 20th. Oppenheimer downgraded AT&T from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 3rd. Wall Street Zen downgraded AT&T from a “hold” rating to a “sell” rating in a research report on Saturday, May 30th. Finally, BNP Paribas Exane cut their price objective on AT&T from $28.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, AT&T currently has a consensus rating of “Moderate Buy” and an average target price of $30.55.

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.