Shares of AT&T Inc. (NYSE:T – Get Free Report) traded up 1% during mid-day trading on Tuesday . The stock traded as high as $25.23 and last traded at $24.9360. 34,282,169 shares traded hands during mid-day trading, a decline of 33% from the average daily volume of 50,865,590 shares. The stock had previously closed at $24.68.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on the company. Weiss Ratings upgraded AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 3rd. Scotiabank reduced their price objective on AT&T from $31.00 to $29.25 and set a “sector perform” rating on the stock in a research note on Wednesday, July 15th. TD Cowen upped their price objective on AT&T from $32.00 to $33.00 and gave the stock a “hold” rating in a report on Thursday, July 23rd. Oppenheimer downgraded AT&T from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 3rd. Finally, Royal Bank Of Canada lowered their target price 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. One equities research 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 assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.19.
AT&T Trading Up 0.3%
AT&T (NYSE:T – Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. The business had revenue of $31.56 billion for the quarter, compared to the consensus estimate of $31.80 billion. AT&T had a return on equity of 12.86% and a net margin of 16.94%.The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Analysts predict that AT&T Inc. will post 2.34 earnings per share for the current year.
AT&T Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.4%. The ex-dividend date was Friday, July 10th. AT&T’s dividend payout ratio is presently 36.75%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the company. IFM Investors Pty Ltd grew 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 worth $43,142,000 after purchasing an additional 74,684 shares in the last quarter. Parr Mcknight Wealth Management Group LLC purchased a new position in AT&T during the 1st quarter worth $2,901,000. World Investment Advisors raised its position 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 in the last quarter. Cerity Partners LLC raised its position 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 in the last quarter. Finally, ING Groep NV lifted 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 buying an additional 1,119,731 shares during the period. 57.10% of the stock is owned by hedge funds and other institutional investors.
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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