AT&T Inc. $T Position Raised by Quintet Private Bank Europe S.A.

Quintet Private Bank Europe S.A. grew its holdings in shares of AT&T Inc. (NYSE:T) by 44.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 2,451,253 shares of the technology company’s stock after purchasing an additional 750,364 shares during the period. AT&T makes up approximately 2.8% of Quintet Private Bank Europe S.A.’s holdings, making the stock its 8th largest position. Quintet Private Bank Europe S.A.’s holdings in AT&T were worth $59,811,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Kaydan Wealth Management Inc. grew its stake in shares of AT&T by 72.6% in the 3rd quarter. Kaydan Wealth Management Inc. now owns 33,278 shares of the technology company’s stock worth $812,000 after buying an additional 13,995 shares during the last quarter. Vann Equity Management LLC raised its stake in AT&T by 3.0% during the third quarter. Vann Equity Management LLC now owns 16,956 shares of the technology company’s stock valued at $414,000 after buying an additional 493 shares during the last quarter. KFA Private Wealth Group LLC boosted its holdings in AT&T by 8.0% in the third quarter. KFA Private Wealth Group LLC now owns 18,989 shares of the technology company’s stock worth $463,000 after acquiring an additional 1,408 shares in the last quarter. Cooper Financial Group boosted its holdings in AT&T by 10.5% in the third quarter. Cooper Financial Group now owns 25,395 shares of the technology company’s stock worth $620,000 after acquiring an additional 2,416 shares in the last quarter. Finally, Persium Advisors LLC grew its stake in shares of AT&T by 12.7% in the third quarter. Persium Advisors LLC now owns 51,041 shares of the technology company’s stock worth $1,245,000 after acquiring an additional 5,756 shares during the last quarter. 57.10% of the stock is owned by institutional investors.

AT&T Stock Performance

Shares of T traded up $0.30 during trading hours on Thursday, hitting $24.77. The stock had a trading volume of 11,603,715 shares, compared to its average volume of 47,769,777. The firm has a market capitalization of $169.77 billion, a PE ratio of 8.22, a PEG ratio of 1.22 and a beta of 0.25. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.97 and a quick ratio of 0.93. AT&T Inc. has a 12 month low of $19.89 and a 12 month high of $29.43. The stock has a fifty day moving average price of $25.01 and a 200 day moving average price of $24.68.

AT&T (NYSE:T) last posted its earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. The company had revenue of $31.56 billion for the quarter, compared to the consensus estimate of $31.80 billion. AT&T had a return on equity of 12.86% and a net margin of 16.94%.AT&T’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Analysts anticipate that AT&T Inc. will post 2.33 EPS for the current year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Monday, October 12th will be paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Friday, October 9th. AT&T’s dividend payout ratio is 36.75%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. TD Cowen increased their price objective on AT&T from $32.00 to $33.00 and gave the company a “hold” rating in a research report on Thursday, July 23rd. Wells Fargo & Company upped their target price on shares of AT&T from $18.00 to $20.00 and gave the company an “underweight” rating in a research note on Thursday, July 23rd. KeyCorp reaffirmed an “overweight” rating and set a $36.00 price target on shares of AT&T in a report on Wednesday. Morgan Stanley lifted their price target on shares of AT&T from $27.00 to $28.00 and gave the stock an “overweight” rating in a research note on Monday, September 28th. Finally, Weiss Ratings upgraded shares of AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 3rd. Twelve analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $29.16.

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.

AT&T traces its history to the Bell System and has operated under its current corporate name since 2005, following the acquisition of AT&T Corp.