Capital Financial Group Inc. Co. ADV lifted its holdings in AT&T Inc. (NYSE:T – Free Report) by 140.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 41,472 shares of the technology company’s stock after purchasing an additional 24,232 shares during the quarter. Capital Financial Group Inc. Co. ADV’s holdings in AT&T were worth $858,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of T. Brighton Jones LLC increased its position in shares of AT&T by 26.5% in the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock valued at $1,106,000 after buying an additional 10,188 shares in the last quarter. Osterweis Capital Management Inc. lifted its position in shares of AT&T by 4,352.9% during the 2nd quarter. Osterweis Capital Management Inc. now owns 6,234 shares of the technology company’s stock valued at $180,000 after buying an additional 6,094 shares in the last quarter. Main Street Financial Solutions LLC grew its stake in AT&T by 4.0% in the 2nd quarter. Main Street Financial Solutions LLC now owns 26,796 shares of the technology company’s stock valued at $775,000 after acquiring an additional 1,022 shares during the period. HUB Investment Partners LLC grew its stake in AT&T by 19.6% in the 2nd quarter. HUB Investment Partners LLC now owns 55,730 shares of the technology company’s stock valued at $1,613,000 after acquiring an additional 9,115 shares during the period. Finally, Peapack Gladstone Financial Corp increased its holdings in AT&T by 1.8% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 207,063 shares of the technology company’s stock worth $5,992,000 after acquiring an additional 3,677 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.
AT&T Price Performance
AT&T stock opened at $25.33 on Friday. AT&T Inc. has a 52-week low of $19.89 and a 52-week high of $29.79. The firm has a market capitalization of $173.57 billion, a price-to-earnings ratio of 8.39, a PEG ratio of 1.02 and a beta of 0.23. The company has a fifty day simple moving average of $22.83 and a 200-day simple moving average of $25.27. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 1.06.
AT&T Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Friday, July 10th. AT&T’s dividend payout ratio (DPR) is 36.75%.
AT&T News Roundup
Here are the key news stories impacting AT&T this week:
- Positive Sentiment: AT&T’s post-earnings momentum remains constructive: the company reported quarterly EPS of $0.65 versus the $0.59 consensus estimate, while revenue increased 2.3% year over year. Analysts are watching whether earnings estimates and the stock’s advance can continue. AT&T Up 9.5% Since Last Earnings Report
- Positive Sentiment: AT&T’s Advanced Connectivity business is gaining traction through fiber expansion, customer convergence and rising demand for AI-related network capacity. This supports the company’s longer-term growth outlook and helps offset slower legacy operations. AT&T Rides on Strength in Advanced Connectivity
- Positive Sentiment: A partnership with Hark gives AT&T exposure to emerging AI-native consumer devices. AT&T will invest in Hark and provide connectivity, certification and infrastructure support, potentially creating incremental traffic and device-related revenue opportunities. Hark and AT&T Partner on Connectivity for Future AI Devices
- Positive Sentiment: AT&T reportedly reduced the cost of coding and other AI tasks by as much as 56% by using model-routing tools and open-source systems, with only a modest decline in output quality. Lower internal AI costs could support productivity and margins. AT&T Slashes AI Costs by Adopting Model Routers and Open Source
- Neutral Sentiment: Analysts continue to highlight AT&T as a highly ranked value and income stock, with a roughly 4.5% dividend yield and a low earnings multiple. However, the company’s growth is expected to remain moderate, making customer revenue increases important. AT&T Is a Top-Ranked Value Stock
- Negative Sentiment: Bernstein cautions that SpaceX’s potential telecom ambitions could intensify competition for AT&T, Verizon and T-Mobile. Meanwhile, heavy capital spending, elevated interest rates and industry balance-sheet pressures remain risks. Bernstein Remains Bullish on SpaceX
Analyst Ratings Changes
A number of equities analysts have weighed in on the stock. Oppenheimer cut shares of AT&T from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 3rd. Weiss Ratings raised shares of AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 3rd. TD Cowen upped their price target on shares of AT&T from $32.00 to $33.00 and gave the stock a “hold” rating in a research report on Thursday, July 23rd. The Goldman Sachs Group set a $30.00 price target on shares of AT&T in a research note on Wednesday, July 22nd. Finally, Morgan Stanley lifted their price objective on AT&T from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $29.19.
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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