Oppenheimer Asset Management Inc. raised its holdings in shares of AT&T Inc. (NYSE:T – Free Report) by 11.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,532,548 shares of the technology company’s stock after purchasing an additional 158,078 shares during the period. Oppenheimer Asset Management Inc.’s holdings in AT&T were worth $31,724,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of T. IFM Investors Pty Ltd lifted its stake in AT&T by 5.3% in the first quarter. IFM Investors Pty Ltd now owns 1,488,172 shares of the technology company’s stock valued at $43,142,000 after buying an additional 74,684 shares during the last quarter. Parr Mcknight Wealth Management Group LLC bought a new position in shares of AT&T during the first quarter worth about $2,901,000. World Investment Advisors grew its position in shares of AT&T by 85.0% during the fourth quarter. World Investment Advisors now owns 338,942 shares of the technology company’s stock worth $8,419,000 after acquiring an additional 155,728 shares during the last quarter. Cerity Partners LLC increased its holdings in shares of AT&T by 3.7% in the 4th quarter. Cerity Partners LLC now owns 1,668,862 shares of the technology company’s stock worth $41,449,000 after acquiring an additional 59,279 shares during the period. Finally, ING Groep NV increased its holdings in shares of AT&T by 120.3% in the 4th quarter. ING Groep NV now owns 2,050,310 shares of the technology company’s stock worth $50,930,000 after acquiring an additional 1,119,731 shares during the period. 57.10% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on T. Royal Bank Of Canada reduced their price objective on AT&T from $31.00 to $27.00 and set an “outperform” rating for the company in a research report on Monday, July 20th. BNP Paribas Exane cut their target price on AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. Wells Fargo & Company boosted their price target on AT&T from $18.00 to $20.00 and gave the stock an “underweight” rating in a research report on Thursday, July 23rd. Argus decreased their price target on AT&T from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, July 23rd. Finally, Wall Street Zen raised AT&T from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $29.19.
AT&T Price Performance
Shares of NYSE:T opened at $24.94 on Wednesday. The company has a market capitalization of $170.87 billion, a PE ratio of 8.26, a price-to-earnings-growth ratio of 1.01 and a beta of 0.23. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.93 and a current ratio of 0.97. The stock has a fifty day moving average of $22.71 and a 200-day moving average of $25.28. AT&T Inc. has a one year low of $19.89 and a one year high of $29.79.
AT&T (NYSE:T – Get Free Report) last announced its earnings results on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.59 by $0.06. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The company had revenue of $31.56 billion during the quarter, compared to analysts’ expectations of $31.80 billion. During the same period last year, the company posted $0.54 earnings per share. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, equities analysts anticipate that AT&T Inc. will post 2.34 EPS for the current fiscal year.
AT&T Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were paid a $0.2775 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.5%. AT&T’s dividend payout ratio is 36.75%.
About AT&T
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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