Assetmark Inc. Raises Position in AT&T Inc. $T

Key Points

• Assetmark Inc. raised its stake in AT&T by 0.4% in Q4 to 10,921,526 shares (about $271.3M), while other large institutions (State Street, Invesco, Amundi, etc.) also increased holdings and institutional investors now own roughly 57.1% of the stock.
• Q4 results beat: AT&T reported $0.52 EPS vs. $0.46 expected and revenue of $33.47B (up 3.6% YoY), and set FY2026 guidance of $2.25–$2.35 EPS (analysts currently project ~$2.14).
• AT&T announced a quarterly dividend of $0.2775 (annualized $1.11) for a ~4.3% yield (ex-dividend April 10); the shares trade at a P/E of ~8.39 with a consensus rating of "Moderate Buy" and an average price target of $30.74.

Assetmark Inc. lifted its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,921,526 shares of the technology company's stock after purchasing an additional 46,649 shares during the period. Assetmark Inc. owned 0.15% of AT&T worth $271,291,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. State Street Corp boosted its holdings in AT&T by 0.8% in the 3rd quarter. State Street Corp now owns 323,775,045 shares of the technology company's stock worth $9,143,407,000 after buying an additional 2,704,536 shares during the period. Capital Research Global Investors boosted its holdings in AT&T by 0.6% in the 3rd quarter. Capital Research Global Investors now owns 65,607,835 shares of the technology company's stock valued at $1,852,765,000 after purchasing an additional 370,455 shares during the period. Invesco Ltd. boosted its holdings in AT&T by 8.6% in the 3rd quarter. Invesco Ltd. now owns 57,823,362 shares of the technology company's stock valued at $1,632,932,000 after purchasing an additional 4,584,316 shares during the period. Legal & General Group Plc boosted its holdings in AT&T by 1.4% in the 3rd quarter. Legal & General Group Plc now owns 48,559,566 shares of the technology company's stock valued at $1,371,322,000 after purchasing an additional 691,221 shares during the period. Finally, Amundi boosted its holdings in AT&T by 67.5% in the 3rd quarter. Amundi now owns 42,295,492 shares of the technology company's stock valued at $1,094,184,000 after purchasing an additional 17,040,328 shares during the period. Hedge funds and other institutional investors own 57.10% of the company's stock.

AT&T Stock Performance

NYSE T opened at $25.60 on Tuesday. AT&T Inc. has a 52-week low of $22.95 and a 52-week high of $29.79. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.86 and a current ratio of 0.91. The company has a market capitalization of $178.75 billion, a P/E ratio of 8.39, a P/E/G ratio of 0.99 and a beta of 0.34. The company has a fifty day moving average of $27.99 and a 200-day moving average of $26.12.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings data on Wednesday, January 28th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.46 by $0.06. AT&T had a net margin of 17.47% and a return on equity of 12.33%. The company had revenue of $33.47 billion during the quarter, compared to the consensus estimate of $32.91 billion. During the same period in the previous year, the firm posted $0.43 EPS. The firm's revenue was up 3.6% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, equities research analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, April 10th. AT&T's payout ratio is currently 36.39%.

Wall Street Analyst Weigh In

Several brokerages have commented on T. The Goldman Sachs Group cut their price target on shares of AT&T from $33.00 to $29.00 and set a "buy" rating for the company in a report on Friday, December 19th. Loop Capital set a $29.00 price target on shares of AT&T in a report on Friday, December 19th. Royal Bank Of Canada reissued an "outperform" rating and issued a $31.00 price target on shares of AT&T in a report on Thursday, February 12th. Wolfe Research downgraded shares of AT&T from an "outperform" rating to a "peer perform" rating in a report on Monday, December 15th. Finally, KeyCorp raised their price target on shares of AT&T from $30.00 to $36.00 and gave the company an "overweight" rating in a report on Wednesday, March 25th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight 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 $30.74.

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.

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