Callan Family Office LLC Buys New Stake in AT&T Inc. $T

Key Points

• Callan Family Office LLC acquired 164,297 AT&T shares during the second quarter, valued at approximately $3.4 million. Institutional investors collectively own 57.1% of AT&T’s stock.
• AT&T reported quarterly EPS of $0.65, exceeding analyst expectations of $0.59, while revenue rose 2.3% year over year to $31.56 billion, slightly below estimates.
• The company maintains a quarterly dividend of $0.2775 per share, or $1.11 annually, representing a 4.3% yield. Analysts give AT&T a “Moderate Buy” consensus rating with an average price target of $29.19.

Callan Family Office LLC purchased a new position in shares of AT&T Inc. (NYSE:T - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 164,297 shares of the technology company's stock, valued at approximately $3,401,000.

Several other institutional investors and hedge funds also recently modified their holdings of T. Fairway Wealth LLC acquired a new position in shares of AT&T during the 1st quarter valued at $29,000. Robinswood Financial LLC acquired a new stake in shares of AT&T in the first quarter valued at $29,000. Safe Harbor Fiduciary LLC bought a new position in AT&T during the fourth quarter valued at about $25,000. Rachor Investment Advisory Services LLC bought a new position in AT&T during the fourth quarter valued at about $25,000. Finally, Cresta Advisors Ltd. acquired a new position in AT&T during the fourth quarter worth about $26,000. Institutional investors own 57.10% of the company's stock.

AT&T Stock Up 1.6%

Shares of AT&T stock opened at $25.70 on Tuesday. The stock has a 50-day moving average price of $22.88 and a 200 day moving average price of $25.26. The company has a market cap of $176.13 billion, a P/E ratio of 8.51, a P/E/G ratio of 1.03 and a beta of 0.23. 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 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 announced its quarterly earnings data on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.59 by $0.06. AT&T had a return on equity of 12.86% and a net margin of 16.94%.The firm had revenue of $31.56 billion during the quarter, compared to analyst estimates of $31.80 billion. During the same period last year, the company posted $0.54 EPS. The business's quarterly revenue was up 2.3% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, analysts expect that AT&T Inc. will post 2.34 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were paid 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 (DPR) is 36.75%.

Wall Street Analysts Forecast Growth

T has been the topic of several research reports. The Goldman Sachs Group set a $30.00 price target on shares of AT&T in a research report on Wednesday, July 22nd. Scotiabank reduced their target price on shares of AT&T from $31.00 to $29.25 and set a "sector perform" rating for the company in a report on Wednesday, July 15th. Oppenheimer lowered shares of AT&T from an "outperform" rating to a "market perform" rating in a research report on Wednesday, June 3rd. Weiss Ratings raised AT&T from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, August 3rd. Finally, Barclays cut their price objective on AT&T from $26.00 to $24.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, AT&T currently has an average rating of "Moderate Buy" and a consensus target price of $29.19.

AT&T Company 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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