22,397 Shares in AT&T Inc. $T Acquired by EFG International AG

EFG International AG acquired a new position in AT&T Inc. (NYSE:T – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,397 shares of the technology company’s stock, valued at approximately $464,000.

Other hedge funds have also modified their holdings of the company. Ancora Advisors LLC acquired a new stake in AT&T during the 2nd quarter valued at approximately $476,000. PDT Partners LLC bought a new stake in shares of AT&T in the 2nd quarter valued at approximately $575,000. Canada Pension Plan Investment Board acquired a new stake in shares of AT&T during the 2nd quarter valued at approximately $130,182,000. Legal & General Group Plc acquired a new stake in shares of AT&T during the 2nd quarter valued at approximately $960,695,000. Finally, The Manufacturers Life Insurance Company bought a new position in AT&T during the second quarter worth $102,416,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

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AT&T Price Performance

T stock opened at $25.42 on Friday. AT&T Inc. has a one year low of $19.89 and a one year high of $29.79. The firm has a 50-day moving average of $23.06 and a two-hundred day moving average of $25.23. The firm has a market capitalization of $174.16 billion, a PE ratio of 8.42, a P/E/G ratio of 1.05 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.

AT&T (NYSE:T – Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.59 by $0.06. The business had revenue of $31.56 billion during 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 firm’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter 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, analysts forecast that AT&T Inc. will post 2.34 earnings per share for the current year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were issued a $0.2775 dividend. The ex-dividend date was Friday, July 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.4%. AT&T’s dividend payout ratio is currently 36.75%.

Wall Street Analysts Forecast Growth

T has been the topic of a number of research analyst reports. Wells Fargo & Company lifted their target price on AT&T from $18.00 to $20.00 and gave the stock an “underweight” rating in a report on Thursday, July 23rd. Wolfe Research raised shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price objective on the stock in a research note on Thursday, July 23rd. Scotiabank dropped their target price on shares of AT&T from $31.00 to $29.25 and set a “sector perform” rating on the stock in a report on Wednesday, July 15th. Barclays cut their target price on shares of AT&T from $26.00 to $24.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 8th. Finally, Weiss Ratings upgraded shares of AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.19.

Read Our Latest Stock 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.

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