Ausdal Financial Partners Inc. acquired a new stake 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 firm acquired 121,908 shares of the technology company's stock, valued at approximately $2,523,000.
A number of other hedge funds also recently made changes to their positions in T. Rachor Investment Advisory Services LLC acquired a new position in shares of AT&T in the fourth quarter worth about $25,000. Safe Harbor Fiduciary LLC acquired a new position in AT&T in the fourth quarter valued at approximately $25,000. Cresta Advisors Ltd. bought a new position in shares of AT&T during the fourth quarter worth about $26,000. Blueline Advisors LLC bought a new position in AT&T in the 4th quarter worth about $26,000. Finally, Winnow Wealth LLC grew its holdings in AT&T by 362.8% in the 4th quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company's stock worth $26,000 after buying an additional 820 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company's stock.
Analyst Ratings Changes
A number of brokerages recently issued reports on T. TD Cowen increased their target price on shares of AT&T from $32.00 to $33.00 and gave the company a "hold" rating in a research report on Thursday, July 23rd. Wall Street Zen upgraded AT&T from a "sell" rating to a "hold" rating in a report on Saturday, June 20th. Argus cut 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. Oppenheimer lowered shares of AT&T from an "outperform" rating to a "market perform" rating in a research note on Wednesday, June 3rd. Finally, The Goldman Sachs Group set a $30.00 target price on shares of AT&T in a report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $29.19.
Check Out Our Latest Report on T
AT&T Trading Up 0.4%
AT&T stock opened at $25.88 on Thursday. 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 Inc. has a 12 month low of $19.89 and a 12 month high of $29.79. The company's fifty day simple moving average is $23.00 and its 200-day simple moving average is $25.24. The stock has a market cap of $177.34 billion, a P/E ratio of 8.57, a P/E/G ratio of 1.05 and a beta of 0.23.
AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $31.56 billion during the quarter, compared to the consensus estimate of $31.80 billion. AT&T had a return on equity of 12.86% and a net margin of 16.94%.The business's quarterly revenue was up 2.3% on a year-over-year basis. During the same period last year, the business earned $0.54 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, sell-side analysts forecast that AT&T Inc. will post 2.34 EPS for the current fiscal year.
AT&T Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were issued a dividend of $0.2775 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.3%. AT&T's dividend payout ratio is currently 36.75%.
AT&T 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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