IFP Advisors Inc Purchases 26,358 Shares of AT&T Inc. $T

IFP Advisors Inc grew its position in shares of AT&T Inc. (NYSE:TFree Report) by 8.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 322,545 shares of the technology company’s stock after buying an additional 26,358 shares during the period. IFP Advisors Inc’s holdings in AT&T were worth $8,012,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. GGM Financials LLC bought a new position in AT&T during the 3rd quarter worth $25,000. Rachor Investment Advisory Services LLC bought a new position in AT&T during the 4th quarter worth $25,000. Cresta Advisors Ltd. bought a new position in AT&T during the 4th quarter worth $26,000. OFI Invest Asset Management increased its position in AT&T by 84.2% during the 4th quarter. OFI Invest Asset Management now owns 1,087,055 shares of the technology company’s stock worth $27,000 after buying an additional 496,804 shares during the period. Finally, Eagle Bay Advisors LLC bought a new position in AT&T during the 4th quarter worth $29,000. Institutional investors own 57.10% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. TD Cowen reissued a “hold” rating on shares of AT&T in a report on Thursday, January 29th. Royal Bank Of Canada reissued an “outperform” rating and set a $31.00 target price on shares of AT&T in a report on Thursday, February 12th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $33.00 target price on shares of AT&T in a report on Thursday, January 29th. UBS Group reissued a “buy” rating on shares of AT&T in a report on Thursday, January 29th. Finally, Scotiabank reduced their target price on AT&T from $31.50 to $31.00 and set a “sector perform” rating on the stock in a report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $30.55.

Read Our Latest Stock Analysis on T

AT&T News Roundup

Here are the key news stories impacting AT&T this week:

AT&T Stock Performance

Shares of T stock opened at $24.93 on Wednesday. The business’s 50-day moving average price is $26.79 and its 200-day moving average price is $26.00. AT&T Inc. has a 12 month low of $22.95 and a 12 month high of $29.79. The firm has a market capitalization of $173.23 billion, a price-to-earnings ratio of 8.37, a PEG ratio of 0.90 and a beta of 0.23. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 1.05.

AT&T (NYSE:TGet Free Report) last posted its earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share for the quarter, topping 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 firm had revenue of $31.51 billion for the quarter, compared to analyst estimates of $31.29 billion. During the same period in the previous year, the firm posted $0.51 EPS. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities research analysts forecast that AT&T Inc. will post 2.31 EPS for the current year.

AT&T Announces Dividend

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

About AT&T

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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