Canada Pension Plan Investment Board Takes Position in AT&T Inc. $T

Key Points

• Canada Pension Plan Investment Board purchased 6.29 million AT&T shares worth approximately $130.2 million, giving it a 0.09% stake. Institutional investors collectively own 57.1% of the company.
• AT&T reported quarterly EPS of $0.65, beating the $0.59 analyst consensus, while revenue rose 2.3% year over year to $31.56 billion but fell short of estimates.
• AT&T pays a quarterly dividend of $0.2775 per share, or $1.11 annually, producing a 4.3% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $29.19.

Canada Pension Plan Investment Board purchased a new stake in 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 firm purchased 6,288,978 shares of the technology company's stock, valued at approximately $130,182,000. Canada Pension Plan Investment Board owned 0.09% of AT&T as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Rachor Investment Advisory Services LLC purchased a new position in shares of AT&T in the fourth quarter worth approximately $25,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of AT&T in the 4th quarter valued at approximately $25,000. Cresta Advisors Ltd. acquired a new position in AT&T in the 4th quarter worth approximately $26,000. Blueline Advisors LLC acquired a new position in AT&T in the 4th quarter worth approximately $26,000. Finally, Winnow Wealth LLC grew its position 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 purchasing an additional 820 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company's stock.

AT&T Stock Up 0.4%

AT&T stock opened at $25.88 on Thursday. AT&T Inc. has a twelve month low of $19.89 and a twelve month high of $29.79. 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 firm has a market cap of $177.34 billion, a PE ratio of 8.57, a P/E/G ratio of 1.05 and a beta of 0.23. The firm's 50 day moving average price is $23.00 and its two-hundred day moving average price is $25.24.

AT&T (NYSE:T - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.59 by $0.06. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The company had revenue of $31.56 billion during the quarter, compared to analyst estimates of $31.80 billion. During the same quarter last year, the business posted $0.54 EPS. The company's revenue for the quarter 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 fiscal year.

AT&T Announces Dividend

The company also recently disclosed 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 presently 36.75%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on T. Barclays reduced their target price on AT&T from $26.00 to $24.00 and set an "equal weight" rating for the company in a report on Wednesday, July 8th. Wall Street Zen upgraded AT&T from a "sell" rating to a "hold" rating in a report on Saturday, June 20th. Wolfe Research raised AT&T from a "peer perform" rating to an "outperform" rating and set a $29.00 price target on the stock in a research report on Thursday, July 23rd. Weiss Ratings raised AT&T from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, August 3rd. Finally, Morgan Stanley raised their price objective on AT&T from $25.00 to $27.00 and gave the stock an "overweight" rating in a research report on Thursday, July 23rd. One investment 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average 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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