Graham Capital Management L.P. Acquires 184,544 Shares of AT&T Inc. $T

Graham Capital Management L.P. boosted its holdings in AT&T Inc. (NYSE:TFree Report) by 590.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 215,797 shares of the technology company’s stock after purchasing an additional 184,544 shares during the quarter. Graham Capital Management L.P.’s holdings in AT&T were worth $5,360,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GGM Financials LLC bought a new position in AT&T in the 3rd quarter worth approximately $25,000. Rachor Investment Advisory Services LLC bought a new position in AT&T in the 4th quarter worth approximately $25,000. Cresta Advisors Ltd. bought a new position in AT&T in the 4th quarter worth approximately $26,000. Blueline Advisors LLC bought a new position in AT&T in the 4th quarter worth approximately $26,000. Finally, Winnow Wealth LLC boosted its stake in AT&T by 362.8% in the 4th quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company’s stock worth $26,000 after purchasing an additional 820 shares during the period. 57.10% of the stock is currently owned by institutional investors.

AT&T Stock Down 0.5%

NYSE T opened at $23.16 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 company has a market capitalization of $160.94 billion, a P/E ratio of 7.77, a P/E/G ratio of 0.97 and a beta of 0.21. AT&T Inc. has a one year low of $22.32 and a one year high of $29.79. The stock has a 50 day moving average price of $25.12 and a 200-day moving average price of $25.82.

AT&T (NYSE:TGet Free Report) last posted its earnings results on Wednesday, April 22nd. The technology company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. The firm had revenue of $31.51 billion during the quarter, compared to the consensus estimate of $31.29 billion. AT&T had a return on equity of 12.49% and a net margin of 16.94%.The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.51 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, equities analysts predict that AT&T Inc. will post 2.31 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Friday, April 10th were given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date was Friday, April 10th. AT&T’s dividend payout ratio is currently 37.25%.

Analysts Set New Price Targets

Several research firms have weighed in on T. Weiss Ratings downgraded AT&T from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. BNP Paribas Exane dropped their price target on AT&T from $28.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. Arete Research upgraded AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price target for the company in a research note on Tuesday, March 10th. Wall Street Zen downgraded AT&T from a “hold” rating to a “sell” rating in a research note on Saturday, May 30th. Finally, Morgan Stanley began coverage on AT&T in a research note on Thursday, April 16th. They issued an “overweight” rating and a $30.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, AT&T presently has a consensus rating of “Moderate Buy” and an average price target of $30.55.

Get Our Latest Research Report on T

AT&T Company Profile

(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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Institutional Ownership by Quarter for AT&T (NYSE:T)

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