Rayburn West Financial Services LLC Acquires Shares of 45,951 AT&T Inc. $T

Rayburn West Financial Services LLC acquired a new stake in AT&T Inc. (NYSE:TFree Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 45,951 shares of the technology company’s stock, valued at approximately $1,141,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mountain Hill Investment Partners Corp. boosted its stake in AT&T by 363.7% in the third quarter. Mountain Hill Investment Partners Corp. now owns 895 shares of the technology company’s stock valued at $25,000 after acquiring an additional 702 shares during the last quarter. GGM Financials LLC bought a new position in AT&T in the third quarter valued at approximately $25,000. Rachor Investment Advisory Services LLC bought a new position in AT&T in the fourth quarter valued at approximately $25,000. Cresta Advisors Ltd. bought a new position in AT&T in the fourth quarter valued at approximately $26,000. Finally, Cloud Capital Management LLC bought a new position in AT&T in the third quarter valued at approximately $31,000. 57.10% of the stock is owned by institutional investors.

Trending Headlines about AT&T

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AT&T Stock Down 2.0%

Shares of NYSE:T opened at $24.74 on Thursday. AT&T Inc. has a 52 week low of $22.95 and a 52 week high of $29.79. 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 $171.87 billion, a PE ratio of 8.30, a PEG ratio of 0.93 and a beta of 0.23. The company has a 50 day moving average price of $27.13 and a two-hundred day moving average price of $26.02.

AT&T (NYSE:TGet Free Report) last issued its quarterly earnings data on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the prior year, the firm earned $0.51 earnings per share. The firm’s revenue was up 2.9% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Analysts forecast that AT&T Inc. will post 2.31 earnings per share for the current year.

AT&T Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Friday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.5%. AT&T’s dividend payout ratio is currently 37.25%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. BNP Paribas Exane lowered their target price on shares of AT&T from $28.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. KeyCorp upped their target price on shares of AT&T from $30.00 to $36.00 and gave the company an “overweight” rating in a research note on Wednesday, March 25th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $31.00 target price on shares of AT&T in a research note on Thursday, February 12th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $33.00 target price on shares of AT&T in a research note on Thursday, January 29th. Finally, TD Cowen reaffirmed a “hold” rating on shares of AT&T in a research note on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, AT&T has an average rating of “Moderate Buy” and an average target price of $30.55.

View Our Latest Analysis on AT&T

AT&T 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.

See Also

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

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