Northwestern Mutual Wealth Management Co. Has $2.33 Million Holdings in AT&T Inc. $T

by · The Cerbat Gem

Northwestern Mutual Wealth Management Co. cut its stake in shares of AT&T Inc. (NYSE:T – Free Report) by 90.2% in the 4th quarter, HoldingsChannel reports. The fund owned 93,811 shares of the technology company’s stock after selling 860,656 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in AT&T were worth $2,330,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. WHI TRUST Co LLC acquired a new stake in AT&T during the fourth quarter worth approximately $29,000. Donoghue Forlines LLC lifted its position in AT&T by 19.5% during the fourth quarter. Donoghue Forlines LLC now owns 60,921 shares of the technology company’s stock worth $1,513,000 after acquiring an additional 9,959 shares during the last quarter. AustralianSuper Pty Ltd lifted its position in AT&T by 94.2% during the fourth quarter. AustralianSuper Pty Ltd now owns 4,289,751 shares of the technology company’s stock worth $106,557,000 after acquiring an additional 2,080,856 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in AT&T by 0.9% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,160,002 shares of the technology company’s stock worth $28,812,000 after acquiring an additional 10,759 shares during the last quarter. Finally, Arbejdsmarkedets Tillaegspension acquired a new stake in AT&T during the fourth quarter worth approximately $23,572,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

T has been the subject of several research reports. TD Cowen restated a “hold” rating on shares of AT&T in a research report on Thursday, January 29th. KeyCorp raised their price objective on shares of AT&T from $30.00 to $36.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 25th. Citigroup raised their price objective on shares of AT&T from $29.00 to $31.50 and gave the stock a “buy” rating in a research report on Monday, March 23rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $33.00 price objective on shares of AT&T in a research report on Thursday, January 29th. Finally, Morgan Stanley began coverage on shares of AT&T in a research report on Thursday, April 16th. They issued an “overweight” rating and a $30.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, AT&T presently has an average rating of “Moderate Buy” and a consensus price target of $30.55.

View Our Latest Research Report on T

AT&T Stock Down 0.8%

NYSE T opened at $25.06 on Wednesday. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 1.05. AT&T Inc. has a 1-year low of $22.95 and a 1-year high of $29.79. The company has a 50 day moving average of $26.56 and a 200-day moving average of $26.02. The company has a market cap of $174.13 billion, a price-to-earnings ratio of 8.41, a PEG ratio of 0.92 and a beta of 0.23.

AT&T (NYSE:T – Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share for the quarter, beating 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 company had revenue of $31.51 billion during the quarter, compared to the consensus estimate of $31.29 billion. During the same period in the previous year, the business earned $0.51 earnings per share. The firm’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 research analysts expect that AT&T Inc. will post 2.31 earnings per share for the current fiscal 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 4.4%. The ex-dividend date was Friday, April 10th. AT&T’s payout ratio is presently 37.25%.

About AT&T

(Free Report)

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.

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