AIA Group Ltd decreased its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 39.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 299,986 shares of the technology company's stock after selling 191,683 shares during the period. AIA Group Ltd's holdings in AT&T were worth $6,210,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Rachor Investment Advisory Services LLC purchased a new stake in AT&T during the fourth quarter valued at about $25,000. Safe Harbor Fiduciary LLC purchased a new position in shares of AT&T in the 4th quarter worth about $25,000. Cresta Advisors Ltd. bought a new position in shares of AT&T during the 4th quarter valued at about $26,000. Blueline Advisors LLC bought a new position in shares of AT&T during the 4th quarter valued at about $26,000. Finally, Winnow Wealth LLC raised its holdings in shares of AT&T by 362.8% during the 4th quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company's stock valued at $26,000 after buying an additional 820 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors.
AT&T Stock Down 0.6%
T opened at $24.75 on Tuesday. The company has a market cap of $169.60 billion, a P/E ratio of 8.20, a P/E/G ratio of 1.01 and a beta of 0.23. The business's 50-day moving average price is $22.66 and its 200-day moving average price is $25.27. 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 Inc. has a 12 month low of $19.89 and a 12 month high of $29.79.
AT&T (NYSE:T - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.06. The company had revenue of $31.56 billion during the quarter, compared to analysts' expectations of $31.80 billion. AT&T had a return on equity of 12.86% and a net margin of 16.94%.AT&T's quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.54 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, equities analysts expect that AT&T Inc. will post 2.34 EPS for the current year.
AT&T Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Friday, July 10th. AT&T's payout ratio is presently 36.75%.
Analyst Ratings Changes
T has been the subject of a number of recent research reports. Argus dropped their target price on AT&T from $33.00 to $30.00 and set a "buy" rating for the company in a research report on Thursday, July 23rd. Sanford C. Bernstein reiterated an "outperform" rating and set a $25.00 price target on shares of AT&T in a research report on Monday, July 13th. 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. Royal Bank Of Canada lowered their price objective on shares of AT&T from $31.00 to $27.00 and set an "outperform" rating for the company in a report on Monday, July 20th. Finally, 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 note on Thursday, July 23rd. One research 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $29.19.
Get Our Latest Analysis on T
AT&T Company 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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