UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 482,321 Shares of AT&T Inc. $T

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of AT&T Inc. (NYSE:T) by 1.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,375,637 shares of the technology company’s stock after acquiring an additional 482,321 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in AT&T were worth $1,251,331,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of T. Norges Bank bought a new position in AT&T during the fourth quarter valued at approximately $2,181,977,000. Amundi grew its position in AT&T by 67.5% during the third quarter. Amundi now owns 42,295,492 shares of the technology company’s stock valued at $1,094,184,000 after acquiring an additional 17,040,328 shares during the last quarter. Woodline Partners LP grew its holdings in shares of AT&T by 931.4% in the third quarter. Woodline Partners LP now owns 8,027,708 shares of the technology company’s stock worth $226,702,000 after purchasing an additional 7,249,373 shares during the last quarter. PFA Pension Forsikringsaktieselskab bought a new position in shares of AT&T in the fourth quarter worth approximately $126,050,000. Finally, SG Americas Securities LLC grew its holdings in shares of AT&T by 222.7% in the fourth quarter. SG Americas Securities LLC now owns 6,846,868 shares of the technology company’s stock worth $170,076,000 after purchasing an additional 4,725,382 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors.

AT&T Price Performance

T opened at $23.54 on Friday. AT&T Inc. has a 1 year low of $22.32 and a 1 year high of $29.79. The stock has a 50-day moving average price of $25.32 and a 200-day moving average price of $25.86. The firm has a market cap of $163.56 billion, a PE ratio of 7.90, a P/E/G ratio of 0.96 and a beta of 0.21. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.92 and a quick ratio of 0.87.

AT&T (NYSE:T) last released 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. AT&T had a return on equity of 12.49% and a net margin of 16.94%.The company had revenue of $31.51 billion for the quarter, compared to analyst estimates of $31.29 billion. During the same quarter in the prior year, the firm posted $0.51 EPS. AT&T’s quarterly revenue 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. Sell-side analysts predict that AT&T Inc. will post 2.31 earnings per share for the current fiscal 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 paid a $0.2775 dividend. The ex-dividend date was Friday, April 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.7%. AT&T’s dividend payout ratio (DPR) is presently 37.25%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on T. Morgan Stanley began coverage on shares of AT&T in a report on Thursday, April 16th. They issued an “overweight” rating and a $30.00 target price on the stock. Wall Street Zen cut shares of AT&T from a “hold” rating to a “sell” rating in a report on Saturday, May 30th. Scotiabank cut their target price on shares of AT&T from $31.50 to $31.00 and set a “sector perform” rating on the stock in a report on Thursday, April 23rd. BNP Paribas Exane cut their target price on shares of AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. Finally, Oppenheimer cut shares of AT&T from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.