Merit Financial Group LLC Grows Stock Position in AT&T Inc. $T

Merit Financial Group LLC grew its position in shares of AT&T Inc. (NYSE:T) by 4.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 477,635 shares of the technology company’s stock after purchasing an additional 18,553 shares during the period. Merit Financial Group LLC’s holdings in AT&T were worth $13,488,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Founders Financial Alliance LLC lifted its holdings in AT&T by 1.2% in the 3rd quarter. Founders Financial Alliance LLC now owns 83,743 shares of the technology company’s stock worth $2,365,000 after buying an additional 1,005 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its position in shares of AT&T by 17.2% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 2,538,712 shares of the technology company’s stock worth $71,693,000 after acquiring an additional 373,281 shares during the last quarter. Summitry LLC lifted its stake in shares of AT&T by 1.6% in the third quarter. Summitry LLC now owns 247,906 shares of the technology company’s stock worth $7,001,000 after acquiring an additional 3,967 shares in the last quarter. Texas Yale Capital Corp. boosted its holdings in AT&T by 2.5% in the third quarter. Texas Yale Capital Corp. now owns 254,116 shares of the technology company’s stock valued at $7,176,000 after purchasing an additional 6,300 shares during the last quarter. Finally, Providence Financial Advisors LLC acquired a new stake in AT&T during the 3rd quarter valued at approximately $447,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

T has been the subject of several research analyst reports. Morgan Stanley reduced their target price on AT&T from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Wednesday, December 10th. Sanford C. Bernstein reduced their price objective on shares of AT&T from $31.00 to $30.00 and set an “outperform” rating on the stock in a research note on Friday, January 16th. Scotiabank reissued a “sector perform” rating and issued a $29.50 target price on shares of AT&T in a research report on Wednesday, January 7th. Citigroup cut their target price on shares of AT&T from $32.00 to $29.00 and set a “buy” rating on the stock in a research note on Monday, December 22nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $33.00 price target on shares of AT&T in a research note on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, AT&T has an average rating of “Moderate Buy” and a consensus target price of $29.93.

AT&T Price Performance

Shares of NYSE:T opened at $28.70 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 0.91 and a debt-to-equity ratio of 1.00. AT&T Inc. has a fifty-two week low of $22.95 and a fifty-two week high of $29.79. The firm has a 50-day simple moving average of $24.95 and a 200 day simple moving average of $26.34. The company has a market cap of $200.88 billion, a PE ratio of 9.41, a P/E/G ratio of 1.06 and a beta of 0.39.

AT&T (NYSE:T) last issued its earnings results on Wednesday, January 28th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.06. AT&T had a net margin of 17.47% and a return on equity of 12.33%. The firm had revenue of $33.47 billion for the quarter, compared to analysts’ expectations of $32.91 billion. During the same quarter last year, the company posted $0.43 earnings per share. AT&T’s revenue was up 3.6% 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 anticipate that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Investors of record on Monday, January 12th were given a dividend of $0.2775 per share. The ex-dividend date was Monday, January 12th. This represents a $1.11 dividend on an annualized basis and a yield of 3.9%. AT&T’s payout ratio is currently 36.39%.

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.