AT&T Inc. $T Shares Purchased by Amundi

Key Points

• Amundi increased its AT&T stake by 1.5% in the second quarter, acquiring 527,044 shares for a total holding of 36.68 million shares valued at approximately $759.3 million. Institutional investors collectively own 57.1% of the company.
• 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, slightly below expectations.
• The company pays a quarterly dividend of $0.2775 per share, equivalent to an annualized $1.11 dividend and a 4.3% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $29.19.

Amundi grew its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 1.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,679,519 shares of the technology company's stock after acquiring an additional 527,044 shares during the period. Amundi owned about 0.54% of AT&T worth $759,266,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Safe Harbor Fiduciary LLC bought a new position in AT&T during the 4th quarter worth approximately $25,000. Blueline Advisors LLC acquired a new stake in shares of AT&T during the 4th quarter valued at approximately $26,000. Winnow Wealth LLC lifted its stake in AT&T by 362.8% during the fourth quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company's stock worth $26,000 after purchasing an additional 820 shares during the last quarter. Orion Capital Management LLC bought a new position in AT&T during the second quarter worth $26,000. Finally, Addison Advisors LLC acquired a new position in AT&T in the second quarter worth $27,000. Institutional investors own 57.10% of the company's stock.

AT&T Stock Performance

Shares of T opened at $25.70 on Monday. The firm has a fifty day moving average of $23.49 and a 200-day moving average of $25.13. The company has a market cap of $176.11 billion, a price-to-earnings ratio of 8.51, a price-to-earnings-growth ratio of 1.27 and a beta of 0.25. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.93 and a current ratio of 0.97. AT&T Inc. has a 1 year low of $19.89 and a 1 year high of $29.79.

AT&T (NYSE:T - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The technology company reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of $0.59 by $0.06. The business had revenue of $31.56 billion for the quarter, compared to analysts' expectations 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 last year, the company earned $0.54 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, equities analysts anticipate that AT&T Inc. will post 2.34 earnings per share for the current year.

AT&T Announces Dividend

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

Analyst Ratings Changes

Several analysts have weighed in on the stock. TD Cowen boosted their target price on shares of AT&T from $32.00 to $33.00 and gave the company a "hold" rating in a research note on Thursday, July 23rd. The Goldman Sachs Group set a $30.00 price target on shares of AT&T in a report on Wednesday, July 22nd. 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 research report on Monday, July 20th. Barclays dropped their price objective on shares of AT&T from $26.00 to $24.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 8th. Finally, Argus cut their target price 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. One analyst has rated the stock with a Strong Buy rating, eleven have assigned 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, AT&T currently has an average rating of "Moderate Buy" and a consensus price target of $29.19.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source