Siemens Fonds Invest GmbH Buys 70,775 Shares of AT&T Inc. $T

Siemens Fonds Invest GmbH increased its stake in AT&T Inc. (NYSE:T) by 40.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 246,629 shares of the technology company’s stock after purchasing an additional 70,775 shares during the period. Siemens Fonds Invest GmbH’s holdings in AT&T were worth $6,119,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of T. Brighton Jones LLC increased its position in shares of AT&T by 26.5% in the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock worth $1,106,000 after purchasing an additional 10,188 shares during the period. Osterweis Capital Management Inc. boosted its stake in AT&T by 4,352.9% in the second quarter. Osterweis Capital Management Inc. now owns 6,234 shares of the technology company’s stock valued at $180,000 after buying an additional 6,094 shares in the last quarter. Main Street Financial Solutions LLC boosted its stake in AT&T by 4.0% in the second quarter. Main Street Financial Solutions LLC now owns 26,796 shares of the technology company’s stock valued at $775,000 after buying an additional 1,022 shares in the last quarter. HUB Investment Partners LLC boosted its stake in AT&T by 19.6% in the second quarter. HUB Investment Partners LLC now owns 55,730 shares of the technology company’s stock valued at $1,613,000 after buying an additional 9,115 shares in the last quarter. Finally, Peapack Gladstone Financial Corp boosted its stake in AT&T by 1.8% in the second quarter. Peapack Gladstone Financial Corp now owns 207,063 shares of the technology company’s stock valued at $5,992,000 after buying an additional 3,677 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on T. BNP Paribas Exane reduced their price objective on AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. KeyCorp lifted their target price on shares of AT&T from $30.00 to $36.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 25th. Morgan Stanley started coverage on shares of AT&T in a report on Thursday, April 16th. They set an “overweight” rating and a $30.00 target price on the stock. Wall Street Zen lowered shares of AT&T from a “hold” rating to a “sell” rating in a report on Saturday, May 30th. Finally, Citigroup boosted their target price on shares of AT&T from $29.00 to $31.50 and gave the stock a “buy” rating in a report on Monday, March 23rd. One equities research 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. Based on data from MarketBeat, AT&T currently has an average rating of “Moderate Buy” and an average target price of $30.55.

AT&T Price Performance

Shares of T opened at $23.16 on Wednesday. AT&T Inc. has a 52-week low of $22.32 and a 52-week high of $29.79. 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 business’s 50 day moving average price is $25.12 and its two-hundred day moving average price is $25.82. The firm has a market cap of $160.94 billion, a PE ratio of 7.77, a price-to-earnings-growth ratio of 0.97 and a beta of 0.21.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (EPS) 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 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 earned $0.51 earnings per share. The company’s 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. On average, equities analysts anticipate that AT&T Inc. will post 2.31 EPS for the current year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 1st. Stockholders 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 dividend yield of 4.8%. The ex-dividend date of this dividend was Friday, April 10th. AT&T’s dividend payout ratio is presently 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.