Bcwm LLC Buys Shares of 289,204 AT&T Inc. $T

Key Points

• Bcwm LLC acquired 289,204 AT&T shares during the second quarter, valued at approximately $5.99 million. Institutional investors collectively own 57.1% of the company.
• AT&T reported quarterly adjusted earnings of $0.65 per share, beating estimates of $0.59, while revenue rose 2.3% year over year to $31.56 billion but fell short of forecasts.
• The company maintains a quarterly dividend of $0.2775, equivalent to an annualized $1.11 payout and a 4.3% yield. Analysts have a consensus “Moderate Buy” rating and an average price target of $29.19.

Bcwm LLC bought a new position in shares of AT&T Inc. (NYSE:T - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 289,204 shares of the technology company's stock, valued at approximately $5,987,000.

Other large investors also recently modified their holdings of the company. Tsfg LLC boosted its holdings in shares of AT&T by 3.6% during the 4th quarter. Tsfg LLC now owns 10,656 shares of the technology company's stock valued at $265,000 after acquiring an additional 366 shares in the last quarter. Lifestyle Asset Management Inc. increased its holdings in AT&T by 3.6% in the 4th quarter. Lifestyle Asset Management Inc. now owns 10,511 shares of the technology company's stock worth $261,000 after purchasing an additional 368 shares in the last quarter. Hillsdale Investment Management Inc. raised its position in AT&T by 1.2% in the fourth quarter. Hillsdale Investment Management Inc. now owns 31,970 shares of the technology company's stock valued at $794,000 after purchasing an additional 370 shares during the last quarter. Bruce G. Allen Investments LLC raised its position in AT&T by 1.7% in the fourth quarter. Bruce G. Allen Investments LLC now owns 22,398 shares of the technology company's stock valued at $556,000 after purchasing an additional 374 shares during the last quarter. Finally, Rockline Wealth Management LLC raised its position in AT&T by 3.8% in the fourth quarter. Rockline Wealth Management LLC now owns 10,445 shares of the technology company's stock valued at $259,000 after purchasing an additional 378 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors.

AT&T Stock Up 0.4%

Shares of T opened at $25.88 on Thursday. The company has a market capitalization of $177.34 billion, a PE ratio of 8.57, a PEG ratio of 1.05 and a beta of 0.23. AT&T Inc. has a 12 month low of $19.89 and a 12 month high of $29.79. The stock's 50-day moving average price is $23.00 and its two-hundred day moving average price is $25.24. The company has a current ratio of 0.97, a quick ratio of 0.93 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 EPS for the quarter, beating analysts' consensus estimates of $0.59 by $0.06. The firm had revenue of $31.56 billion for the quarter, compared to analyst estimates of $31.80 billion. AT&T had a return on equity of 12.86% and a net margin of 16.94%.The business's revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.54 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, analysts anticipate that AT&T Inc. will post 2.34 EPS for the current year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were issued 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 presently 36.75%.

Analysts Set New Price Targets

Several analysts have recently weighed in on T shares. Argus reduced their price target on AT&T from $33.00 to $30.00 and set a "buy" rating on the stock in a report on Thursday, July 23rd. Wall Street Zen upgraded shares of AT&T from a "sell" rating to a "hold" rating in a report on Saturday, June 20th. TD Cowen lifted their target price on shares of AT&T from $32.00 to $33.00 and gave the stock a "hold" rating in a research report on Thursday, July 23rd. Oppenheimer lowered shares of AT&T from an "outperform" rating to a "market perform" rating in a report 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 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 given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target 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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