AT&T Inc. $T Stock Bought by Quintet Private Bank Europe S.A.

Key Points

• Quintet Private Bank Europe increased its AT&T stake by 44.1% in the third quarter, adding 750,364 shares to hold 2.45 million shares valued at approximately $59.8 million. Institutional investors own 57.1% of AT&T.
• AT&T shares recently traded at $24.77, while the company reported quarterly EPS of $0.65, exceeding estimates of $0.59; revenue rose 2.3% year over year to $31.56 billion.
• AT&T announced a quarterly dividend of $0.2775, equivalent to an annualized 4.5% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $29.16.

Quintet Private Bank Europe S.A. increased its position in shares of AT&T Inc. (NYSE:T - Free Report) by 44.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,451,253 shares of the technology company's stock after acquiring an additional 750,364 shares during the period. AT&T makes up about 2.8% of Quintet Private Bank Europe S.A.'s holdings, making the stock its 8th biggest position. Quintet Private Bank Europe S.A.'s holdings in AT&T were worth $59,811,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of T. Bank of America Corp DE purchased a new stake in shares of AT&T in the second quarter worth $2,310,898,000. GQG Partners LLC purchased a new stake in shares of AT&T in the 2nd quarter valued at about $1,223,364,000. Legal & General Group Plc bought a new stake in shares of AT&T during the 2nd quarter valued at about $960,695,000. State Street Corp grew its holdings in shares of AT&T by 5.8% during the second quarter. State Street Corp now owns 334,273,613 shares of the technology company's stock worth $6,919,464,000 after purchasing an additional 18,468,679 shares in the last quarter. Finally, Nykredit A S bought a new stake in AT&T during the second quarter valued at approximately $259,954,000. 57.10% of the stock is owned by institutional investors.

AT&T Trading Up 1.2%

NYSE:T traded up $0.30 during trading hours on Thursday, hitting $24.77. The company had a trading volume of 11,603,715 shares, compared to its average volume of 47,769,777. The company has a market capitalization of $169.77 billion, a PE ratio of 8.22, a price-to-earnings-growth ratio of 1.22 and a beta of 0.25. The stock has a 50-day moving average price of $25.01 and a 200 day moving average price of $24.68. AT&T Inc. has a 52 week low of $19.89 and a 52 week high of $29.43. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.97 and a quick ratio of 0.93.

AT&T (NYSE:T - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.59 by $0.06. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The firm had revenue of $31.56 billion during the quarter, compared to analysts' expectations of $31.80 billion. During the same period last year, the company posted $0.54 EPS. The company's quarterly revenue was up 2.3% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, equities research analysts predict that AT&T Inc. will post 2.33 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Monday, October 12th will be given a $0.2775 dividend. The ex-dividend date of this dividend is Friday, October 9th. This represents a $1.11 annualized dividend and a dividend yield of 4.5%. AT&T's dividend payout ratio is currently 36.75%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on T. The Goldman Sachs Group set a $30.00 target price on shares of AT&T in a research report on Wednesday, July 22nd. TD Cowen boosted their price target on shares of AT&T from $32.00 to $33.00 and gave the stock a "hold" rating in a research note on Thursday, July 23rd. Sanford C. Bernstein reiterated an "outperform" rating and issued a $25.00 price objective on shares of AT&T in a report on Monday, July 13th. KeyCorp restated an "overweight" rating and set a $36.00 target price on shares of AT&T in a report on Wednesday. Finally, Weiss Ratings upgraded shares of AT&T from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, August 3rd. Twelve equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, AT&T presently has a consensus rating of "Moderate Buy" and a consensus target price of $29.16.

AT&T Profile

AT&T Inc NYSE: T is a telecommunications company that provides wireless communications, broadband, and related connectivity services. Its offerings include mobile voice and data plans, internet access, fiber broadband, fixed wireless services, and business communications solutions.

The company serves consumers, businesses, government agencies, and other organizations primarily in the United States. AT&T's business operations include wireless network services, wireline connectivity, fiber-optic internet, voice services, and networking solutions designed to connect locations, devices, and applications.

AT&T traces its history to the Bell System and has operated under its current corporate name since 2005, following the acquisition of AT&T Corp.

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