59,099,713 Shares in AT&T Inc. $T Purchased by GQG Partners LLC

GQG Partners LLC purchased a new position in shares of AT&T Inc. (NYSE:T - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 59,099,713 shares of the technology company's stock, valued at approximately $1,223,364,000. AT&T makes up 2.3% of GQG Partners LLC's investment portfolio, making the stock its 14th biggest position. GQG Partners LLC owned approximately 0.86% of AT&T at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of T. Norges Bank purchased a new stake in shares of AT&T in the fourth quarter valued at approximately $2,181,977,000. Amundi lifted its position in shares of AT&T by 67.5% during the 3rd quarter. Amundi now owns 42,295,492 shares of the technology company's stock valued at $1,094,184,000 after buying an additional 17,040,328 shares in the last quarter. Alyeska Investment Group L.P. grew its stake in AT&T by 620.8% in the 4th quarter. Alyeska Investment Group L.P. now owns 11,891,778 shares of the technology company's stock valued at $295,392,000 after acquiring an additional 10,241,949 shares during the period. State Street Corp grew its stake in AT&T by 2.6% in the 4th 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 during the period. Finally, Arrowstreet Capital Limited Partnership increased its holdings in AT&T by 49.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 25,155,597 shares of the technology company's stock worth $624,865,000 after acquiring an additional 8,297,201 shares in the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

T has been the subject of a number of research analyst reports. Sanford C. Bernstein restated an "outperform" rating and set a $25.00 price objective on shares of AT&T in a research report on Monday, July 13th. Wall Street Zen upgraded shares of AT&T from a "sell" rating to a "hold" rating in a research report on Saturday, June 20th. Wolfe Research raised shares of AT&T from a "peer perform" rating to an "outperform" rating and set a $29.00 price target on the stock in a research note on Thursday, July 23rd. Argus lowered their price objective on AT&T from $33.00 to $30.00 and set a "buy" rating on the stock in a report on Thursday, July 23rd. Finally, The Goldman Sachs Group set a $30.00 price objective on AT&T in a research note on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, AT&T presently has a consensus rating of "Moderate Buy" and an average target price of $29.19.

AT&T Trading Up 1.6%

Shares of T stock opened at $25.70 on Tuesday. AT&T Inc. has a fifty-two week low of $19.89 and a fifty-two week high of $29.79. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.93 and a current ratio of 0.97. The stock's fifty day moving average is $22.88 and its two-hundred day moving average is $25.26. The firm has a market capitalization of $176.13 billion, a P/E ratio of 8.51, a PEG ratio of 1.03 and a beta of 0.23.

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, topping analysts' consensus estimates of $0.59 by $0.06. The business 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%. The company's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Research analysts expect that AT&T Inc. will post 2.34 earnings per share for the current fiscal year.

AT&T Announces Dividend

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

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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