AT&T Inc. $T Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its holdings in AT&T Inc. (NYSE:T - Free Report) by 2.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,319,162 shares of the technology company's stock after acquiring an additional 213,471 shares during the quarter. Principal Financial Group Inc. owned 0.12% of AT&T worth $206,648,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Varma Mutual Pension Insurance Co increased its position in AT&T by 4.3% in the 4th quarter. Varma Mutual Pension Insurance Co now owns 1,248,460 shares of the technology company's stock valued at $31,012,000 after acquiring an additional 52,000 shares during the period. Truist Financial Corp increased its stake in AT&T by 3.0% during the 4th quarter. Truist Financial Corp now owns 5,694,478 shares of the technology company's stock valued at $141,451,000 after buying an additional 163,766 shares during the period. Peregrine Asset Advisers Inc. increased its stake in AT&T by 10.2% during the 4th quarter. Peregrine Asset Advisers Inc. now owns 9,252 shares of the technology company's stock valued at $230,000 after buying an additional 858 shares during the period. Avidian Wealth Enterprises LLC increased its stake in AT&T by 1.0% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 74,348 shares of the technology company's stock valued at $1,847,000 after buying an additional 754 shares during the period. Finally, Long Run Wealth Advisors LLC increased its stake in AT&T by 4.5% during the 4th quarter. Long Run Wealth Advisors LLC now owns 67,675 shares of the technology company's stock valued at $1,681,000 after buying an additional 2,894 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Stock Performance

Shares of T opened at $25.92 on Wednesday. The firm's 50 day moving average is $27.48 and its 200-day moving average is $26.05. The stock has a market capitalization of $180.10 billion, a P/E ratio of 8.70, a P/E/G ratio of 0.96 and a beta of 0.23. 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 Inc. has a 12-month low of $22.95 and a 12-month high of $29.79.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.02. The company had revenue of $31.51 billion for the quarter, compared to analysts' expectations of $31.29 billion. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The business's revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities research analysts anticipate that AT&T Inc. will post 2.31 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Friday, April 10th were issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date was Friday, April 10th. AT&T's payout ratio is presently 37.25%.

Wall Street Analyst Weigh In

T has been the topic of several research analyst reports. Wells Fargo & Company lowered their target price on shares of AT&T from $29.00 to $27.00 and set an "overweight" rating on the stock in a research note on Monday, January 26th. BNP Paribas Exane lowered their target price on shares of AT&T from $28.00 to $26.00 and set a "neutral" rating on the stock in a research note on Thursday, April 23rd. Arete Research raised shares of AT&T from a "sell" rating to a "neutral" rating and set a $28.00 target price on the stock in a research note on Tuesday, March 10th. KeyCorp lifted their price target on AT&T from $30.00 to $36.00 and gave the company an "overweight" rating in a research report on Wednesday, March 25th. Finally, Barclays lowered their price target on AT&T from $28.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently 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.

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