B. Metzler seel. Sohn & Co. AG 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 and Exchange Commission (SEC). The fund bought 262,693 shares of the technology company's stock, valued at approximately $5,438,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Rachor Investment Advisory Services LLC purchased a new position in shares of AT&T during the 4th quarter valued at approximately $25,000. Safe Harbor Fiduciary LLC acquired a new stake in AT&T in the fourth quarter valued at $25,000. Cresta Advisors Ltd. bought a new position in AT&T during the 4th quarter valued at $26,000. Blueline Advisors LLC bought a new position in AT&T during the 4th quarter valued at $26,000. Finally, Winnow Wealth LLC grew its holdings in AT&T by 362.8% during the 4th quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company's stock worth $26,000 after acquiring an additional 820 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on T shares. Barclays cut their target price 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. Argus cut their price objective on AT&T from $33.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, July 23rd. TD Cowen increased their target price on AT&T from $32.00 to $33.00 and gave the stock a "hold" rating in a report on Thursday, July 23rd. Wall Street Zen upgraded AT&T from a "sell" rating to a "hold" rating in a research report on Saturday, June 20th. Finally, The Goldman Sachs Group set a $30.00 price target on AT&T in a report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $29.19.
View Our Latest Stock Analysis on AT&T
AT&T Stock Performance
T stock opened at $25.70 on Tuesday. AT&T Inc. has a 1 year low of $19.89 and a 1 year high of $29.79. The stock has a market capitalization of $176.13 billion, a price-to-earnings ratio of 8.51, a PEG ratio of 1.03 and a beta of 0.23. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.93 and a current ratio of 0.97. The stock's fifty day moving average is $22.88 and its two-hundred day moving average is $25.26.
AT&T (NYSE:T - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.59 by $0.06. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The business had revenue of $31.56 billion during the quarter, compared to analyst estimates of $31.80 billion. During the same quarter in the prior year, the firm earned $0.54 earnings per share. The company's quarterly revenue was up 2.3% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, research analysts predict 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. Shareholders of record on Friday, July 10th were given a $0.2775 dividend. The ex-dividend date was Friday, July 10th. This represents a $1.11 annualized dividend and a yield of 4.3%. AT&T's dividend payout ratio is 36.75%.
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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