Signal Advisors Wealth LLC Purchases 25,212 Shares of AT&T Inc. $T

Signal Advisors Wealth LLC boosted its position in shares of AT&T Inc. (NYSE:T) by 151.6% during the 1st quarter, HoldingsChannel.com reports. The fund owned 41,841 shares of the technology company’s stock after buying an additional 25,212 shares during the quarter. Signal Advisors Wealth LLC’s holdings in AT&T were worth $1,213,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in AT&T in the 4th quarter valued at about $2,181,977,000. Amundi lifted its position in shares of AT&T by 67.5% in the third quarter. Amundi now owns 42,295,492 shares of the technology company’s stock valued at $1,094,184,000 after buying an additional 17,040,328 shares during the last quarter. Alyeska Investment Group L.P. boosted its stake in shares of AT&T by 620.8% during the 4th quarter. Alyeska Investment Group L.P. now owns 11,891,778 shares of the technology company’s stock worth $295,392,000 after acquiring an additional 10,241,949 shares during the period. State Street Corp increased its holdings in shares of AT&T by 2.6% during the 4th quarter. State Street Corp now owns 332,089,723 shares of the technology company’s stock worth $8,249,109,000 after acquiring an additional 8,314,678 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of AT&T by 49.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 25,155,597 shares of the technology company’s stock worth $624,865,000 after acquiring an additional 8,297,201 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Trading Up 3.4%

Shares of AT&T stock opened at $22.85 on Wednesday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.87 and a current ratio of 0.92. The firm has a 50-day moving average of $24.61 and a 200-day moving average of $25.70. AT&T Inc. has a 52-week low of $21.99 and a 52-week high of $29.79. The stock has a market cap of $158.77 billion, a PE ratio of 7.67, a PEG ratio of 0.92 and a beta of 0.21.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The business had revenue of $31.51 billion for the quarter, compared to analyst estimates of $31.29 billion. During the same period last year, the firm earned $0.51 earnings per share. AT&T’s revenue for the quarter was up 2.9% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, sell-side analysts forecast that AT&T Inc. will post 2.31 EPS for the current year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Friday, April 10th were given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date was Friday, April 10th. AT&T’s payout ratio is presently 37.25%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on T shares. Weiss Ratings cut shares of AT&T from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. Wall Street Zen raised shares of AT&T from a “sell” rating to a “hold” rating in a research report on Saturday. Citigroup raised their target price on shares of AT&T from $29.00 to $31.50 and gave the stock a “buy” rating in a research note on Monday, March 23rd. Oppenheimer lowered shares of AT&T from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 3rd. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $31.00 price target on shares of AT&T in a report on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $30.55.

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.