Foundations Investment Advisors LLC Purchases 71,591 Shares of AT&T Inc. $T

Key Points

• Foundations Investment Advisors LLC increased its AT&T stake by 13.6% in the fourth quarter, buying 71,591 more shares and bringing its total holdings to 596,504 shares worth about $14.8 million.
• AT&T recently reported better-than-expected quarterly results, posting EPS of $0.57 versus estimates of $0.55 on revenue of $31.51 billion, up 2.9% year over year.
• The company continues to offer a solid dividend, with a quarterly payout of $0.2775 per share, an annualized yield of 4.5%, while analysts maintain a Moderate Buy consensus and average target price of $30.55.

Foundations Investment Advisors LLC lifted its position in shares of AT&T Inc. (NYSE:T - Free Report) by 13.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 596,504 shares of the technology company's stock after acquiring an additional 71,591 shares during the period. Foundations Investment Advisors LLC's holdings in AT&T were worth $14,817,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Tsfg LLC increased its position in shares of AT&T by 3.6% during the fourth quarter. Tsfg LLC now owns 10,656 shares of the technology company's stock valued at $265,000 after acquiring an additional 366 shares in the last quarter. Aspire Growth Partners LLC increased its position in shares of AT&T by 1.1% during the fourth quarter. Aspire Growth Partners LLC now owns 36,790 shares of the technology company's stock valued at $914,000 after acquiring an additional 386 shares in the last quarter. Gentry Private Wealth LLC increased its position in shares of AT&T by 1.7% during the third quarter. Gentry Private Wealth LLC now owns 23,537 shares of the technology company's stock valued at $665,000 after acquiring an additional 393 shares in the last quarter. Thoroughbred Financial Services LLC increased its position in shares of AT&T by 2.8% during the third quarter. Thoroughbred Financial Services LLC now owns 14,847 shares of the technology company's stock valued at $419,000 after acquiring an additional 406 shares in the last quarter. Finally, Arkfeld Wealth Strategies L.L.C. increased its position in shares of AT&T by 1.6% during the third quarter. Arkfeld Wealth Strategies L.L.C. now owns 25,869 shares of the technology company's stock valued at $700,000 after acquiring an additional 415 shares in the last quarter. Institutional investors own 57.10% of the company's stock.

AT&T Stock Down 0.4%

T opened at $24.92 on Thursday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.87 and a current ratio of 0.92. AT&T Inc. has a fifty-two week low of $22.95 and a fifty-two week high of $29.79. The firm's fifty day moving average is $26.50 and its 200 day moving average is $26.02. The stock has a market cap of $173.18 billion, a price-to-earnings ratio of 8.36, a price-to-earnings-growth ratio of 0.91 and a beta of 0.23.

AT&T (NYSE:T - Get Free Report) last released its earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share for the quarter, beating analysts' consensus estimates of $0.55 by $0.02. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The company had revenue of $31.51 billion for the quarter, compared to analysts' expectations of $31.29 billion. During the same quarter in the previous year, the company earned $0.51 EPS. AT&T's revenue for the quarter was up 2.9% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, sell-side analysts forecast that AT&T Inc. will post 2.31 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Friday, April 10th were paid a dividend of $0.2775 per share. The ex-dividend date was Friday, April 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.5%. AT&T's payout ratio is 37.25%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Morgan Stanley assumed coverage on shares of AT&T in a report on Thursday, April 16th. They issued an "overweight" rating and a $30.00 target price on the stock. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $33.00 target price on shares of AT&T in a report on Thursday, January 29th. Arete Research upgraded shares of AT&T from a "sell" rating to a "neutral" rating and set a $28.00 target price on the stock in a report on Tuesday, March 10th. UBS Group restated a "buy" rating on shares of AT&T in a report on Thursday, January 29th. Finally, KeyCorp raised their target price on shares of AT&T from $30.00 to $36.00 and gave the stock an "overweight" rating in a report on Wednesday, March 25th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, AT&T 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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