AXQ Capital LP Takes Position in AT&T Inc. $T

Key Points

• AXQ Capital LP bought 45,696 AT&T shares during the second quarter, valued at approximately $946,000. Institutional investors and hedge funds 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. The company maintained its fiscal 2026 EPS guidance of $2.25–$2.35.
• AT&T pays a quarterly dividend of $0.2775 per share, equivalent to an annualized yield of about 4.3%. Analysts have a consensus “Moderate Buy” rating and an average price target of $29.19.

AXQ Capital LP bought a new position in shares of AT&T Inc. (NYSE:T - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 45,696 shares of the technology company's stock, valued at approximately $946,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fairway Wealth LLC acquired a new position in AT&T in the first quarter worth approximately $29,000. Robinswood Financial LLC bought a new stake in AT&T in the first quarter worth approximately $29,000. Safe Harbor Fiduciary LLC acquired a new position in shares of AT&T during the 4th quarter worth $25,000. Blueline Advisors LLC bought a new position in shares of AT&T during the 4th quarter valued at $26,000. Finally, Winnow Wealth LLC lifted its stake in shares of AT&T by 362.8% in the 4th quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company's stock valued at $26,000 after purchasing an additional 820 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company's stock.

AT&T Stock Down 1.9%

Shares of T stock opened at $25.70 on Friday. AT&T Inc. has a 12 month low of $19.89 and a 12 month high of $29.79. The firm has a market cap of $176.11 billion, a PE ratio of 8.51, a price-to-earnings-growth ratio of 1.27 and a beta of 0.25. The stock has a 50 day moving average of $23.49 and a 200-day moving average of $25.16. 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 announced its quarterly earnings data on Wednesday, July 22nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.06. The business had revenue of $31.56 billion for the quarter, compared to the consensus estimate of $31.80 billion. AT&T had a net margin of 16.94% and a return on equity of 12.86%. AT&T's quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the company posted $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, equities analysts predict that AT&T Inc. will post 2.34 EPS for the current year.

AT&T Announces Dividend

The company also recently announced 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 of this dividend was Friday, July 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.3%. AT&T's dividend payout ratio (DPR) is 36.75%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. The Goldman Sachs Group set a $30.00 price objective on AT&T in a report on Wednesday, July 22nd. TD Cowen lifted their price target 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. Royal Bank Of Canada reduced 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 note on Monday, July 20th. Oppenheimer downgraded shares of AT&T from an "outperform" rating to a "market perform" rating in a report on Wednesday, June 3rd. Finally, Wells Fargo & Company raised their target price on shares of AT&T from $18.00 to $20.00 and gave the company an "underweight" rating in a research note on Thursday, July 23rd. One 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. Based on data from MarketBeat.com, AT&T has an average rating of "Moderate Buy" and a consensus target price of $29.19.

AT&T 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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