Kingsview Wealth Management LLC Has $7.89 Million Stock Holdings in AT&T Inc. $T

Kingsview Wealth Management LLC raised its holdings in AT&T Inc. (NYSE:T) by 18.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 317,561 shares of the technology company’s stock after acquiring an additional 50,214 shares during the quarter. Kingsview Wealth Management LLC’s holdings in AT&T were worth $7,888,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Brighton Jones LLC grew its position in shares of AT&T by 26.5% in the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock valued at $1,106,000 after buying an additional 10,188 shares during the last quarter. Osterweis Capital Management Inc. lifted its stake in shares of AT&T by 4,352.9% in the second quarter. Osterweis Capital Management Inc. now owns 6,234 shares of the technology company’s stock worth $180,000 after acquiring an additional 6,094 shares during the period. Main Street Financial Solutions LLC lifted its stake in shares of AT&T by 4.0% in the second quarter. Main Street Financial Solutions LLC now owns 26,796 shares of the technology company’s stock worth $775,000 after acquiring an additional 1,022 shares during the period. HUB Investment Partners LLC boosted its holdings in AT&T by 19.6% in the second quarter. HUB Investment Partners LLC now owns 55,730 shares of the technology company’s stock valued at $1,613,000 after acquiring an additional 9,115 shares during the last quarter. Finally, Peapack Gladstone Financial Corp boosted its holdings in AT&T by 1.8% in the second quarter. Peapack Gladstone Financial Corp now owns 207,063 shares of the technology company’s stock valued at $5,992,000 after acquiring an additional 3,677 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on T shares. KeyCorp upped their price objective on shares of AT&T from $30.00 to $36.00 and gave the company an “overweight” rating in a research note on Wednesday, March 25th. Arete Research upgraded shares of AT&T from a “sell” rating to a “neutral” rating and set a $28.00 target price on the stock in a report on Tuesday, March 10th. Citigroup upped their price target on shares of AT&T from $29.00 to $31.50 and gave the company a “buy” rating in a research report on Monday, March 23rd. BNP Paribas Exane decreased their price target on AT&T from $28.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. Finally, Williams Trading set a $32.00 price objective on AT&T in a research report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.55.

AT&T Price Performance

Shares of T opened at $24.87 on Friday. The firm has a market cap of $172.77 billion, a PE ratio of 8.34, a price-to-earnings-growth ratio of 0.91 and a beta of 0.23. AT&T Inc. has a 52-week low of $22.95 and a 52-week high of $29.79. The business’s 50 day moving average price is $26.44 and its two-hundred day moving average price is $26.02. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.87 and a current ratio of 0.92.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, April 22nd. The technology company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.55 by $0.02. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The company had revenue of $31.51 billion during the quarter, compared to the consensus estimate of $31.29 billion. During the same quarter last year, the firm posted $0.51 EPS. The company’s quarterly revenue was up 2.9% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, equities analysts anticipate that AT&T Inc. will post 2.31 EPS for the current year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Friday, April 10th were paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Friday, April 10th. AT&T’s payout ratio is 37.25%.

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.