Allen Mooney & Barnes Investment Advisors LLC Sells 46,732 Shares of AT&T Inc. $T

Key Points

• Allen Mooney & Barnes Investment Advisors reduced its AT&T stake by 17.3%, selling 46,732 shares and retaining 223,417 shares valued at approximately $4.625 million. Institutional investors and hedge funds collectively own 57.1% of AT&T.
• Analysts remain generally positive, with AT&T receiving a consensus “Moderate Buy” rating and an average price target of $29.19. Recent ratings included upgrades from Weiss Ratings and Wolfe Research, while Barclays and RBC lowered their price targets.
• 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, representing a 4.2% annualized yield.

Allen Mooney & Barnes Investment Advisors LLC cut its stake in AT&T Inc. (NYSE:T - Free Report) by 17.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 223,417 shares of the technology company's stock after selling 46,732 shares during the period. Allen Mooney & Barnes Investment Advisors LLC's holdings in AT&T were worth $4,625,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC lifted its position in AT&T by 26.5% during the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company's stock worth $1,106,000 after purchasing an additional 10,188 shares during the period. Osterweis Capital Management Inc. increased its holdings in AT&T by 4,352.9% in the 2nd quarter. Osterweis Capital Management Inc. now owns 6,234 shares of the technology company's stock valued at $180,000 after buying an additional 6,094 shares during the period. Main Street Financial Solutions LLC raised its position in shares of AT&T by 4.0% in the 2nd quarter. Main Street Financial Solutions LLC now owns 26,796 shares of the technology company's stock valued at $775,000 after buying an additional 1,022 shares in the last quarter. HUB Investment Partners LLC lifted its holdings in shares of AT&T by 19.6% during the 2nd quarter. HUB Investment Partners LLC now owns 55,730 shares of the technology company's stock worth $1,613,000 after acquiring an additional 9,115 shares during the period. Finally, Peapack Gladstone Financial Corp lifted its holdings in shares of AT&T by 1.8% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 207,063 shares of the technology company's stock worth $5,992,000 after acquiring an additional 3,677 shares during the period. 57.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. 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. Barclays reduced their target price on AT&T from $26.00 to $24.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 8th. The Goldman Sachs Group set a $30.00 price target on AT&T in a report on Wednesday, July 22nd. Wolfe Research upgraded 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, Royal Bank Of Canada reduced their price objective on AT&T from $31.00 to $27.00 and set an "outperform" rating on the stock in a research note on Monday, July 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 given a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $29.19.

AT&T Price Performance

Shares of T opened at $26.16 on Friday. The business has a 50-day simple moving average of $23.43 and a two-hundred day simple moving average of $25.15. AT&T Inc. has a 12-month low of $19.89 and a 12-month high of $29.79. The stock has a market cap of $179.26 billion, a PE ratio of 8.66, a PEG ratio of 1.29 and a beta of 0.25. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 1.06.

AT&T (NYSE:T - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.06. AT&T had a return on equity of 12.86% and a net margin of 16.94%.The company had revenue of $31.56 billion for the quarter, compared to analysts' expectations of $31.80 billion. During the same period in the previous year, the business posted $0.54 earnings per share. The business's quarterly revenue was up 2.3% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Analysts anticipate that AT&T Inc. will post 2.34 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Friday, July 10th. 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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