Varma Mutual Pension Insurance Co Increases Holdings in AT&T Inc. $T

Key Points

• Varma Mutual Pension Insurance Co increased its stake in AT&T by 4.3% in Q4, buying 52,000 shares to hold 1,248,460 shares worth about $31.01 million at quarter-end.
• Wall Street consensus on AT&T is a Moderate Buy with an average price target of $30.55, as several brokerages recently upgraded or raised targets (e.g., Morgan Stanley $30, Citigroup $31.50).
• AT&T beat Q results ($0.57 EPS vs. $0.55 est.), set FY‑2026 guidance of $2.25–$2.35 EPS (consensus ~2.31), and pays a quarterly dividend of $0.2775 for a ~4.2% yield.

Varma Mutual Pension Insurance Co lifted its position in AT&T Inc. (NYSE:T - Free Report) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,248,460 shares of the technology company's stock after purchasing an additional 52,000 shares during the period. Varma Mutual Pension Insurance Co's holdings in AT&T were worth $31,012,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Gentry Private Wealth LLC boosted its holdings in shares of AT&T by 1.7% in the third quarter. Gentry Private Wealth LLC now owns 23,537 shares of the technology company's stock valued at $665,000 after purchasing an additional 393 shares during the period. Thoroughbred Financial Services LLC boosted its holdings in shares of AT&T by 2.8% in the third quarter. Thoroughbred Financial Services LLC now owns 14,847 shares of the technology company's stock valued at $419,000 after purchasing an additional 406 shares during the period. Arkfeld Wealth Strategies L.L.C. boosted its holdings in shares of AT&T by 1.6% in 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 purchasing an additional 415 shares during the period. Kercheville Advisors LLC boosted its holdings in shares of AT&T by 1.5% in the third quarter. Kercheville Advisors LLC now owns 27,318 shares of the technology company's stock valued at $771,000 after purchasing an additional 416 shares during the period. Finally, Fortis Group Advisors LLC boosted its holdings in shares of AT&T by 0.6% in the third quarter. Fortis Group Advisors LLC now owns 75,396 shares of the technology company's stock valued at $2,129,000 after purchasing an additional 422 shares during the period. Hedge funds and other institutional investors own 57.10% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on T. Arete Research upgraded AT&T from a "sell" rating to a "neutral" rating and set a $28.00 price target for the company in a report on Tuesday, March 10th. Morgan Stanley began coverage on AT&T in a report on Thursday, April 16th. They issued an "overweight" rating and a $30.00 price target for the company. Citigroup boosted their price target on AT&T from $29.00 to $31.50 and gave the company a "buy" rating in a report on Monday, March 23rd. Sanford C. Bernstein lowered their price target on AT&T from $31.00 to $30.00 and set an "outperform" rating for the company in a report on Friday, January 16th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $31.00 price target on shares of AT&T in a report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, AT&T has a consensus rating of "Moderate Buy" and an average price target of $30.55.

AT&T Stock Performance

Shares of NYSE:T opened at $26.15 on Monday. The company has a market capitalization of $181.70 billion, a price-to-earnings ratio of 8.78, a price-to-earnings-growth ratio of 0.96 and a beta of 0.23. AT&T Inc. has a 52 week low of $22.95 and a 52 week high of $29.79. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 1.05. The firm has a 50 day moving average of $27.52 and a 200 day moving average of $26.05.

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

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Friday, April 10th were paid a $0.2775 dividend. The ex-dividend date of this dividend was Friday, April 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.2%. AT&T's payout ratio is 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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