Ilmarinen Mutual Pension Insurance Co Sells 85,000 Shares of AT&T Inc. $T

Ilmarinen Mutual Pension Insurance Co decreased its position in shares of AT&T Inc. (NYSE:T) by 8.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 964,828 shares of the technology company’s stock after selling 85,000 shares during the period. Ilmarinen Mutual Pension Insurance Co’s holdings in AT&T were worth $23,966,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Tsfg LLC lifted its stake in AT&T by 3.6% in the fourth quarter. Tsfg LLC now owns 10,656 shares of the technology company’s stock worth $265,000 after purchasing an additional 366 shares during the last quarter. Aspire Growth Partners LLC raised its holdings in shares of AT&T by 1.1% in the fourth quarter. Aspire Growth Partners LLC now owns 36,790 shares of the technology company’s stock worth $914,000 after buying an additional 386 shares during the period. Gentry Private Wealth LLC raised 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 worth $665,000 after buying an additional 393 shares during the period. Thoroughbred Financial Services LLC raised 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 worth $419,000 after buying an additional 406 shares during the period. Finally, Arkfeld Wealth Strategies L.L.C. raised 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 worth $700,000 after buying an additional 415 shares during the period. Institutional investors own 57.10% of the company’s stock.

AT&T Trading Down 0.1%

T stock opened at $24.87 on Friday. The company has a market capitalization of $172.77 billion, a PE ratio of 8.34, a P/E/G ratio of 0.91 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 firm’s 50-day moving average is $26.44 and its 200 day moving average is $26.02. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.92 and a quick ratio of 0.87.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.55 by $0.02. The company had revenue of $31.51 billion for 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%. The firm’s revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.51 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, research analysts anticipate that AT&T Inc. will post 2.31 EPS for the current year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Friday, April 10th were given a dividend of $0.2775 per share. 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 4.5%. AT&T’s dividend payout ratio (DPR) is 37.25%.

Analyst Ratings Changes

Several brokerages have recently weighed in on T. Arete Research upgraded AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price target on the stock in a report on Tuesday, March 10th. Oppenheimer raised their price target on shares of AT&T from $29.00 to $32.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 11th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $31.00 price target on shares of AT&T in a research note on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $33.00 price target on shares of AT&T in a research note on Thursday, January 29th. Finally, Scotiabank reduced their price target on shares of AT&T from $31.50 to $31.00 and set a “sector perform” rating on the stock in a research note on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $30.55.

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.