Stack Financial Management Inc Buys Shares of 945,573 AT&T Inc. $T

Key Points

• Stack Financial Management bought a new stake of 945,573 shares in AT&T, valued at about $23.49 million, representing 1.8% of the fund's portfolio and its 18th-largest holding.
• AT&T beat Q1 estimates with $0.57 EPS and $31.51 billion in revenue, set FY2026 guidance of 2.25–2.35 EPS, and pays a quarterly dividend of $0.2775 (annualized yield ~4.3%).
• Analysts hold an average rating of Moderate Buy with an average price target of $30.55 (one Strong Buy, 13 Buy, seven Hold), amid target revisions ranging roughly $26–$31.50.

Stack Financial Management Inc bought a new stake in AT&T Inc. (NYSE:T - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 945,573 shares of the technology company's stock, valued at approximately $23,488,000. AT&T comprises 1.8% of Stack Financial Management Inc's portfolio, making the stock its 18th largest position.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of T. Csenge Advisory Group lifted its stake in AT&T by 20.3% during the 3rd quarter. Csenge Advisory Group now owns 189,293 shares of the technology company's stock valued at $5,346,000 after acquiring an additional 31,935 shares during the period. Rhumbline Advisers lifted its stake in AT&T by 0.4% during the 3rd quarter. Rhumbline Advisers now owns 12,810,872 shares of the technology company's stock valued at $361,779,000 after acquiring an additional 49,727 shares during the period. Wealthfront Advisers LLC lifted its stake in AT&T by 4.9% during the 3rd quarter. Wealthfront Advisers LLC now owns 1,411,031 shares of the technology company's stock valued at $39,848,000 after acquiring an additional 66,448 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its stake in AT&T by 1.4% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,133,054 shares of the technology company's stock valued at $512,077,000 after acquiring an additional 248,567 shares during the period. Finally, Public Sector Pension Investment Board lifted its stake in AT&T by 140.8% during the 3rd quarter. Public Sector Pension Investment Board now owns 2,888,630 shares of the technology company's stock valued at $81,575,000 after acquiring an additional 1,689,073 shares during the period. Institutional investors own 57.10% of the company's stock.

Analyst Ratings Changes

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. Citigroup upped their price target on shares of AT&T from $29.00 to $31.50 and gave the company a "buy" rating in a research report on Monday, March 23rd. Morgan Stanley initiated coverage on shares of AT&T in a research report on Thursday, April 16th. They set an "overweight" rating and a $30.00 price target for the company. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $31.00 price target on shares of AT&T in a research report on Thursday, February 12th. Finally, BNP Paribas Exane reduced their price target on shares of AT&T from $28.00 to $26.00 and set a "neutral" rating for the company in a research report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $30.55.

AT&T Trading Down 0.2%

AT&T stock opened at $26.08 on Tuesday. The firm has a 50 day moving average of $27.52 and a 200 day moving average of $26.05. The firm has a market capitalization of $181.19 billion, a price-to-earnings ratio of 8.75, a P/E/G ratio of 0.96 and a beta of 0.23. AT&T Inc. has a 12-month low of $22.95 and a 12-month high of $29.79. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 1.05.

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 (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.02. The company had revenue of $31.51 billion during the quarter, compared to analyst estimates of $31.29 billion. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The firm's quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.51 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, research analysts predict that AT&T Inc. will post 2.31 earnings per share for the current 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 issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Friday, April 10th. AT&T's dividend payout ratio is currently 37.25%.

About AT&T

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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