106,161 AT&T Inc. $T Shares Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. increased its stake in shares of AT&T Inc. (NYSE:T) by 464.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 129,000 shares of the technology company’s stock after acquiring an additional 106,161 shares during the period. Jefferies Financial Group Inc.’s holdings in AT&T were worth $3,148,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in T. Sound Income Strategies LLC grew its holdings in shares of AT&T by 19.8% in the 3rd quarter. Sound Income Strategies LLC now owns 754,818 shares of the technology company’s stock valued at $18,772,000 after acquiring an additional 124,997 shares in the last quarter. B.A. Schrock Wealth Management Inc. acquired a new stake in shares of AT&T in the third quarter valued at about $1,583,000. Orographic Financial Advisors LLC acquired a new stake in shares of AT&T in the first quarter valued at about $3,449,000. Quintet Private Bank Europe S.A. raised its holdings in AT&T by 44.1% during the third quarter. Quintet Private Bank Europe S.A. now owns 2,451,253 shares of the technology company’s stock worth $59,811,000 after acquiring an additional 750,364 shares in the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. raised its holdings in AT&T by 34.5% during the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 1,075,110 shares of the technology company’s stock worth $22,255,000 after acquiring an additional 275,985 shares in the last quarter. 57.10% of the stock is owned by institutional investors.

AT&T Stock Down 0.4%

Shares of T stock opened at $22.16 on Friday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.82 and a current ratio of 0.87. The firm’s 50-day moving average is $23.65 and its 200-day moving average is $24.88. The stock has a market cap of $149.31 billion, a price-to-earnings ratio of 11.98, a PEG ratio of 1.10 and a beta of 0.30. AT&T Inc. has a 52-week low of $19.89 and a 52-week high of $29.43.

AT&T (NYSE:T) last issued its earnings results on Wednesday, October 21st. The technology company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.05. AT&T had a net margin of 10.19% and a return on equity of 13.41%. The business had revenue of $32.32 billion during the quarter, compared to the consensus estimate of $31.69 billion. During the same period last year, the business posted $0.54 EPS. AT&T’s revenue was up 5.2% on a year-over-year basis. Sell-side analysts predict that AT&T Inc. will post 2.40 EPS for the current year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 2nd. Stockholders of record on Monday, October 12th were given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend was Friday, October 9th. AT&T’s dividend payout ratio (DPR) is presently 60.00%.

Analysts Set New Price Targets

Several research analysts recently commented on T shares. Wolfe Research raised AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price target for the company in a research report on Thursday, July 23rd. KeyCorp lowered their price target on AT&T from $36.00 to $33.00 and set an “overweight” rating on the stock in a research report on Thursday, October 22nd. Citigroup dropped their price objective on AT&T from $31.50 to $28.00 and set a “buy” rating on the stock in a research note on Thursday, July 23rd. Royal Bank Of Canada dropped their price objective on AT&T from $31.00 to $27.00 and set an “outperform” rating on the stock in a research note on Monday, July 20th. Finally, TD Cowen reissued a “hold” rating and issued a $33.00 price objective on shares of AT&T in a report on Thursday, October 22nd. Twelve research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $27.56.

Latest AT&T News

Investors following T have been watching these news items:

• Positive Sentiment: Reports that AT&T and Verizon could offer satellite coverage before 2027 point to a potential new way to extend service reach, though details and commercial impact remain uncertain. AT&T and Verizon satellite coverage could arrive before 2027
• Neutral Sentiment: Elon Musk’s comment that SpaceX could acquire a legacy telecom to access spectrum highlights the value of spectrum held by AT&T and Verizon. It may underscore the strategic worth of AT&T’s assets, while also raising the prospect of new competition. Musk Says SpaceX Could Acquire a Legacy Telco
• Negative Sentiment: AT&T’s roughly 5.2% dividend yield faces competition from a 10-year Treasury yield around 5%, while General Mills’ yield is reported to be higher. That may limit the stock’s appeal to income-focused investors. Better High-Yield Dividend Stock: AT&T vs. General Mills

AT&T Profile

AT&T Inc. (NYSE: T) is a telecommunications company that provides wireless communications, broadband, and related connectivity services. Its offerings include mobile voice and data plans, internet access, fiber broadband, fixed wireless services, and business communications solutions. The company serves consumers, businesses, government agencies, and other organizations primarily in the United States. AT&T’s business operations include wireless network services, wireline connectivity, fiber-optic internet, voice services, and networking solutions designed to connect locations, devices, and applications.