Free Trial

AT&T Inc. (NYSE:T) Shares Bought by SPC Financial Inc.

AT&T logo with Computer and Technology background

Key Points

  • SPC Financial Inc. increased its holdings in AT&T by 267.0% during the first quarter, owning a total of 93,176 shares valued at approximately $2.6 million.
  • AT&T reported earnings per share of $0.54 for the latest quarter, exceeding analysts' expectations, with revenue of $30.85 billion representing a 3.4% year-over-year increase.
  • The company declared a quarterly dividend of $0.2775, reflecting an annualized dividend of $1.11 and a yield of 4.0%.
  • Interested in AT&T? Here are five stocks we like better.

SPC Financial Inc. grew its holdings in AT&T Inc. (NYSE:T - Free Report) by 267.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,176 shares of the technology company's stock after purchasing an additional 67,788 shares during the quarter. SPC Financial Inc.'s holdings in AT&T were worth $2,635,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in T. Brighton Jones LLC lifted its position in AT&T by 26.5% during the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company's stock worth $1,106,000 after buying an additional 10,188 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of AT&T by 161.3% in the 4th quarter. Wellington Management Group LLP now owns 2,522,814 shares of the technology company's stock worth $57,444,000 after acquiring an additional 1,557,431 shares during the last quarter. World Investment Advisors increased its stake in shares of AT&T by 36.4% in the 4th quarter. World Investment Advisors now owns 237,477 shares of the technology company's stock worth $5,407,000 after acquiring an additional 63,359 shares during the last quarter. Yoffe Investment Management LLC purchased a new position in shares of AT&T during the 4th quarter worth $213,000. Finally, Thoroughbred Financial Services LLC boosted its position in shares of AT&T by 3.1% during the 4th quarter. Thoroughbred Financial Services LLC now owns 19,544 shares of the technology company's stock valued at $445,000 after acquiring an additional 591 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Stock Performance

NYSE T opened at $27.76 on Friday. The company has a market cap of $198.49 billion, a P/E ratio of 15.77, a P/E/G ratio of 3.40 and a beta of 0.42. AT&T Inc. has a 1-year low of $18.64 and a 1-year high of $29.19. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.81 and a quick ratio of 0.76. The stock has a 50-day moving average of $27.80 and a two-hundred day moving average of $26.81.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $0.01. AT&T had a net margin of 10.29% and a return on equity of 13.36%. The firm had revenue of $30.85 billion during the quarter, compared to analysts' expectations of $30.44 billion. During the same quarter in the previous year, the business posted $0.51 earnings per share. The business's quarterly revenue was up 3.4% compared to the same quarter last year. As a group, analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Thursday, July 10th were paid a $0.2775 dividend. The ex-dividend date was Thursday, July 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.0%. AT&T's payout ratio is 63.07%.

Analyst Upgrades and Downgrades

T has been the subject of several recent analyst reports. TD Securities raised their price objective on shares of AT&T from $29.00 to $30.00 and gave the stock a "hold" rating in a research report on Thursday, April 24th. Hsbc Global Res cut shares of AT&T from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 24th. HSBC downgraded shares of AT&T from a "buy" rating to a "hold" rating and set a $30.00 price target for the company. in a report on Thursday, July 24th. Williams Trading set a $30.00 price objective on AT&T in a report on Thursday, April 24th. Finally, Raymond James Financial reissued a "strong-buy" rating and set a $31.00 target price (up previously from $30.00) on shares of AT&T in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, AT&T currently has an average rating of "Moderate Buy" and a consensus target price of $29.66.

Check Out Our Latest Stock Report on AT&T

AT&T Profile

(Free Report)

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.

Further Reading

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in AT&T Right Now?

Before you consider AT&T, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AT&T wasn't on the list.

While AT&T currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Analysts Agree—These Gold Picks Outshine the Rest Cover

Unlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you're planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Related Videos

2 Chip Stocks Are Soaring—But One Could Break Out This Summer
This $13 Trillion Energy Breakthrough Will Make Millionaires

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines