Nykredit A S Buys Shares of 9,427,606 AT&T Inc. $T

Key Points

• Nykredit A S acquired 9.43 million AT&T shares worth approximately $195.2 million, making AT&T its 25th-largest portfolio position and representing about 0.14% of the company.
• AT&T reported quarterly EPS of $0.65, beating estimates by $0.06, while revenue reached $31.56 billion, up 2.3% year over year but slightly below expectations.
• The company declared a quarterly dividend of $0.2775 per share, equivalent to an annualized $1.11 payout and a 4.4% yield; analysts maintain a “Moderate Buy” consensus with an average price target of $28.99.

Nykredit A S bought a new stake in AT&T Inc. (NYSE:T - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 9,427,606 shares of the technology company's stock, valued at approximately $195,151,000. AT&T accounts for approximately 0.6% of Nykredit A S's investment portfolio, making the stock its 25th largest position. Nykredit A S owned about 0.14% of AT&T as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Lifestyle Asset Management Inc. lifted its position in AT&T by 3.6% in the 4th quarter. Lifestyle Asset Management Inc. now owns 10,511 shares of the technology company's stock worth $261,000 after buying an additional 368 shares in the last quarter. Hillsdale Investment Management Inc. grew its holdings in shares of AT&T by 1.2% during the 4th quarter. Hillsdale Investment Management Inc. now owns 31,970 shares of the technology company's stock valued at $794,000 after acquiring an additional 370 shares in the last quarter. Bruce G. Allen Investments LLC increased its stake in shares of AT&T by 1.7% in the fourth quarter. Bruce G. Allen Investments LLC now owns 22,398 shares of the technology company's stock worth $556,000 after acquiring an additional 374 shares during the last quarter. Rockline Wealth Management LLC raised its holdings in shares of AT&T by 3.8% during the fourth quarter. Rockline Wealth Management LLC now owns 10,445 shares of the technology company's stock worth $259,000 after acquiring an additional 378 shares in the last quarter. Finally, Camden National Bank raised its holdings in shares of AT&T by 1.5% during the fourth quarter. Camden National Bank now owns 26,191 shares of the technology company's stock worth $651,000 after acquiring an additional 382 shares in the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Trading Down 1.9%

AT&T stock opened at $25.37 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.97 and a quick ratio of 0.93. The company has a market capitalization of $173.83 billion, a price-to-earnings ratio of 8.40, a PEG ratio of 1.28 and a beta of 0.25. AT&T Inc. has a one year low of $19.89 and a one year high of $29.47. The company's fifty day moving average price is $24.39 and its two-hundred day moving average price is $24.99.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of $0.59 by $0.06. The company had revenue of $31.56 billion during the quarter, compared to analysts' expectations of $31.80 billion. AT&T had a return on equity of 12.86% and a net margin of 16.94%.The business's quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, analysts forecast that AT&T Inc. will post 2.34 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.4%. The ex-dividend date was Friday, July 10th. AT&T's dividend payout ratio (DPR) is 36.75%.

Analyst Ratings Changes

A number of analysts recently issued reports on T shares. Sanford C. Bernstein reissued an "outperform" rating and set a $25.00 price objective on shares of AT&T in a research report on Monday, July 13th. Wall Street Zen raised AT&T from a "sell" rating to a "hold" rating in a research report on Saturday, June 20th. Wolfe Research raised AT&T from a "peer perform" rating to an "outperform" rating and set a $29.00 price target for the company in a research note on Thursday, July 23rd. Weiss Ratings upgraded AT&T from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, August 3rd. Finally, Morgan Stanley increased their price objective on AT&T from $25.00 to $27.00 and gave the stock an "overweight" rating in a report on Thursday, July 23rd. Eleven research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $28.99.

AT&T Profile

AT&T Inc NYSE: T is a telecommunications company that provides wireless communications, broadband internet, voice, and related connectivity services. Its offerings include mobile phone and data plans, fiber-optic internet, fixed wireless access, traditional voice services, and networking solutions for businesses and government customers.

The company serves consumers, businesses, and public-sector organizations primarily across the United States. AT&T also provides wireless services in Mexico and operates extensive communications networks that support mobile connectivity, internet access, data transmission, and enterprise communications.

AT&T traces its history to the development of the Bell System and has evolved through a series of reorganizations and acquisitions.

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