Cynosure Group LLC bought a new position in AT&T Inc. (NYSE:T – Free Report) during the 2nd quarter, HoldingsChannel reports. The fund bought 24,099 shares of the technology company’s stock, valued at approximately $499,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in T. IFM Investors Pty Ltd boosted its holdings in shares of AT&T by 5.3% during the first quarter. IFM Investors Pty Ltd now owns 1,488,172 shares of the technology company’s stock worth $43,142,000 after purchasing an additional 74,684 shares during the period. Parr Mcknight Wealth Management Group LLC purchased a new position in AT&T during the 1st quarter valued at about $2,901,000. World Investment Advisors increased its holdings in AT&T by 85.0% during the 4th quarter. World Investment Advisors now owns 338,942 shares of the technology company’s stock valued at $8,419,000 after purchasing an additional 155,728 shares during the period. Cerity Partners LLC increased its holdings in AT&T by 3.7% during the 4th quarter. Cerity Partners LLC now owns 1,668,862 shares of the technology company’s stock valued at $41,449,000 after purchasing an additional 59,279 shares during the period. Finally, ING Groep NV raised its position in AT&T by 120.3% during the 4th quarter. ING Groep NV now owns 2,050,310 shares of the technology company’s stock valued at $50,930,000 after purchasing an additional 1,119,731 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several equities research analysts have weighed in on the company. Argus dropped their price objective on AT&T from $33.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. Sanford C. Bernstein reissued an “outperform” rating and set a $25.00 target price on shares of AT&T in a research note on Monday, July 13th. Wolfe Research upgraded AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 target price for the company in a report on Thursday, July 23rd. Scotiabank decreased their target price on AT&T from $31.00 to $29.25 and set a “sector perform” rating for the company in a report on Wednesday, July 15th. Finally, Wells Fargo & Company raised their price target on AT&T from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $29.19.
AT&T Stock Performance
Shares of AT&T stock opened at $25.17 on Thursday. AT&T Inc. has a 12 month low of $19.89 and a 12 month high of $29.79. The firm has a market capitalization of $172.45 billion, a P/E ratio of 8.33, a P/E/G ratio of 1.01 and a beta of 0.23. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06. The business has a fifty day simple moving average of $22.75 and a two-hundred day simple moving average of $25.28.
AT&T (NYSE:T – Get Free Report) last released its earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. The firm had revenue of $31.56 billion for the quarter, compared to the consensus estimate of $31.80 billion. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The company’s revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.54 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, equities analysts forecast that AT&T Inc. will post 2.34 earnings per share for the current fiscal year.
AT&T Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were paid a dividend of $0.2775 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $1.11 annualized dividend and a yield of 4.4%. AT&T’s payout ratio is presently 36.75%.
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.
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