Fideuram Intesa Sanpaolo Private Banking S.P.A. Invests $3.86 Million in AT&T Inc. $T

Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of AT&T Inc. (NYSE:T) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 155,513 shares of the technology company’s stock, valued at approximately $3,863,000.

Other institutional investors also recently bought and sold shares of the company. GGM Financials LLC purchased a new stake in AT&T in the third quarter worth about $25,000. Rachor Investment Advisory Services LLC purchased a new position in shares of AT&T during the 4th quarter worth approximately $25,000. Cresta Advisors Ltd. bought a new position in shares of AT&T in the 4th quarter worth approximately $26,000. OFI Invest Asset Management raised its position in shares of AT&T by 84.2% in the 4th quarter. OFI Invest Asset Management now owns 1,087,055 shares of the technology company’s stock worth $27,000 after acquiring an additional 496,804 shares in the last quarter. Finally, Eagle Bay Advisors LLC purchased a new position in shares of AT&T in the 4th quarter valued at approximately $29,000. 57.10% of the stock is owned by institutional investors.

Key Headlines Impacting AT&T

Here are the key news stories impacting AT&T this week:

• Positive Sentiment: AT&T unveiled a large $19 billion California network investment plan, signaling long-term growth in fiber and wireless services and reinforcing its infrastructure upgrade strategy. AT&T Makes $19 Billion Commitment to Bring High-Speed Connectivity to California
• Positive Sentiment: Royal Bank of Canada reaffirmed its outperform rating and kept a $31 price target, suggesting meaningful upside from recent trading levels. AT&T rating reaffirmed by RBC
• Positive Sentiment: AT&T Fiber was ranked #1 in customer satisfaction for the fourth straight year, which may support subscriber growth and lower churn. Four Years at #1: AT&T Fiber Customers Are the Happiest

AT&T Trading Down 0.2%

AT&T stock opened at $24.93 on Thursday. AT&T Inc. has a 12 month low of $22.95 and a 12 month high of $29.79. The company has a market capitalization of $173.19 billion, a price-to-earnings ratio of 8.36, a price-to-earnings-growth ratio of 0.92 and a beta of 0.23. The business’s fifty day simple moving average is $26.73 and its two-hundred day simple moving average is $26.00. 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) last issued its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.02. The firm had revenue of $31.51 billion during the quarter, compared to the consensus estimate of $31.29 billion. AT&T had a return on equity of 12.49% and a net margin of 16.94%.The company’s revenue was up 2.9% on a year-over-year basis. During the same period last year, the company earned $0.51 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, equities analysts predict that AT&T Inc. will post 2.31 earnings per share for the current fiscal year.

AT&T Dividend Announcement

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

Wall Street Analyst Weigh In

T has been the topic of several research reports. Wells Fargo & Company dropped their price target on AT&T from $29.00 to $27.00 and set an “overweight” rating on the stock in a research report on Monday, January 26th. Arete Research raised AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price objective for the company in a research report on Tuesday, March 10th. Williams Trading set a $32.00 target price on shares of AT&T in a report on Thursday, January 29th. BNP Paribas Exane reduced their target price on shares of AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Finally, Scotiabank decreased their price target on shares of AT&T from $31.50 to $31.00 and set a “sector perform” rating for the company in a research note on Thursday, April 23rd. One investment 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 company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $30.55.

AT&T 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.