40,028 Shares in AT&T Inc. $T Bought by Visionary Wealth Advisors

Key Points

• Visionary Wealth Advisors purchased 40,028 AT&T shares worth approximately $829,000 during the second quarter. Institutional investors and hedge funds collectively own 57.1% of the company.
• Analyst sentiment is generally positive: AT&T has an average “Moderate Buy” rating and a consensus price target of $29.19, with recent upgrades from Weiss Ratings and Wolfe Research.
• AT&T reported quarterly EPS of $0.65, beating estimates of $0.59, while revenue rose 2.3% year over year to $31.56 billion. The company also maintains a quarterly dividend of $0.2775 per share, equivalent to a 4.3% annualized yield.

Visionary Wealth Advisors purchased a new position in shares of AT&T Inc. (NYSE:T - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 40,028 shares of the technology company's stock, valued at approximately $829,000.

Other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of AT&T in the 4th quarter valued at about $2,181,977,000. GQG Partners LLC acquired a new position in shares of AT&T during the second quarter worth about $1,223,364,000. Amundi increased its stake in shares of AT&T by 67.5% during the third quarter. Amundi now owns 42,295,492 shares of the technology company's stock worth $1,094,184,000 after buying an additional 17,040,328 shares during the period. Alyeska Investment Group L.P. increased its stake in shares of AT&T by 620.8% during the fourth quarter. Alyeska Investment Group L.P. now owns 11,891,778 shares of the technology company's stock worth $295,392,000 after buying an additional 10,241,949 shares during the period. Finally, State Street Corp raised its holdings in AT&T by 2.6% in the fourth quarter. State Street Corp now owns 332,089,723 shares of the technology company's stock valued at $8,249,109,000 after acquiring an additional 8,314,678 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Weiss Ratings upgraded shares of AT&T from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, August 3rd. Scotiabank dropped their price objective on shares of AT&T from $31.00 to $29.25 and set a "sector perform" rating on the stock in a research report on Wednesday, July 15th. Argus reduced their price objective on shares of AT&T from $33.00 to $30.00 and set a "buy" rating on the stock 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 for the company in a research report on Thursday, July 23rd. Finally, Wall Street Zen raised AT&T from a "sell" rating to a "hold" rating in a report on Saturday, June 20th. One 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $29.19.

AT&T Stock Performance

Shares of AT&T stock opened at $25.77 on Wednesday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.97 and a quick ratio of 0.93. The stock has a market capitalization of $176.55 billion, a price-to-earnings ratio of 8.53, a PEG ratio of 1.05 and a beta of 0.23. AT&T Inc. has a 12 month low of $19.89 and a 12 month high of $29.79. The firm's fifty day simple moving average is $22.93 and its 200-day simple moving average is $25.25.

AT&T (NYSE:T - Get Free Report) last released its earnings results 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 analyst estimates of $31.80 billion. AT&T had a return on equity of 12.86% and a net margin of 16.94%.The company's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, equities analysts forecast that AT&T Inc. will post 2.34 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.3%. The ex-dividend date was Friday, July 10th. AT&T's dividend payout ratio is presently 36.75%.

AT&T 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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