Redwood Investment Management LLC acquired a new position in shares of AT&T Inc. (NYSE:T – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 35,333 shares of the technology company’s stock, valued at approximately $731,000.
Other institutional investors have also recently made changes to their positions in the company. Safe Harbor Fiduciary LLC purchased a new stake in AT&T in the 4th quarter valued at about $25,000. Cresta Advisors Ltd. bought a new stake in shares of AT&T in the fourth quarter valued at $26,000. Blueline Advisors LLC bought a new stake in AT&T in the 4th quarter valued at about $26,000. Winnow Wealth LLC raised its position in shares of AT&T by 362.8% in the fourth quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company’s stock valued at $26,000 after purchasing an additional 820 shares during the period. Finally, Addison Advisors LLC bought a new stake in AT&T during the 2nd quarter valued at $27,000. Institutional investors own 57.10% of the company’s stock.
Analyst Upgrades and Downgrades
T has been the topic of a number of recent analyst reports. Scotiabank lowered their price target 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. Wells Fargo & Company lifted 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. Morgan Stanley boosted their price objective on shares of AT&T from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Royal Bank Of Canada dropped their target price on AT&T from $31.00 to $27.00 and set an “outperform” rating for the company in a report on Monday, July 20th. Finally, Barclays dropped their price target on shares of AT&T from $26.00 to $24.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.19.
AT&T Trading Down 1.8%
NYSE T opened at $25.42 on Friday. AT&T Inc. has a twelve month low of $19.89 and a twelve month high of $29.79. 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 quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 1.06. The stock’s 50 day moving average is $23.06 and its 200 day moving average is $25.23.
AT&T (NYSE:T – Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.06. The company had revenue of $31.56 billion during the quarter, compared to analyst estimates of $31.80 billion. AT&T had a net margin of 16.94% and a return on equity of 12.86%. AT&T’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the business earned $0.54 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Research analysts forecast that AT&T Inc. will post 2.34 earnings per share for the current fiscal year.
AT&T Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Friday, July 10th. AT&T’s dividend payout ratio is currently 36.75%.
About AT&T
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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