Commerce Bank bought a new stake in shares of AT&T Inc. (NYSE:T - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 770,589 shares of the technology company's stock, valued at approximately $15,951,000.
A number of other hedge funds have also recently made changes to their positions in the stock. Rachor Investment Advisory Services LLC bought a new position in AT&T during the 4th quarter valued at approximately $25,000. Safe Harbor Fiduciary LLC bought a new stake in AT&T in the fourth quarter worth $25,000. Cresta Advisors Ltd. bought a new stake in AT&T in the fourth quarter worth $26,000. Blueline Advisors LLC purchased a new stake in shares of AT&T in the fourth quarter worth $26,000. Finally, Winnow Wealth LLC grew its stake in shares of AT&T by 362.8% in the fourth quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company's stock worth $26,000 after acquiring an additional 820 shares during the last quarter. 57.10% of the stock is owned by institutional investors.
AT&T Stock Performance
Shares of T opened at $25.70 on Tuesday. The company has a market cap of $176.13 billion, a price-to-earnings ratio of 8.51, a P/E/G ratio of 1.03 and a beta of 0.23. The business's fifty day simple moving average is $22.88 and its two-hundred day simple moving average is $25.26. AT&T Inc. has a 12 month low of $19.89 and a 12 month high of $29.79. 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 posted its quarterly earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.06. The firm had revenue of $31.56 billion during the quarter, compared to analysts' expectations of $31.80 billion. AT&T had a return on equity of 12.86% and a net margin of 16.94%.The company's revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Research analysts anticipate that AT&T Inc. will post 2.34 earnings per share for the current fiscal year.
AT&T Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.3%. The ex-dividend date was Friday, July 10th. AT&T's dividend payout ratio (DPR) is presently 36.75%.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on T shares. Barclays lowered their price target 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. Wells Fargo & Company increased their price objective on shares of AT&T from $18.00 to $20.00 and gave the company an "underweight" rating in a research report on Thursday, July 23rd. The Goldman Sachs Group set a $30.00 price objective on shares of AT&T in a research note on Wednesday, July 22nd. Scotiabank decreased 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. Finally, Wolfe Research upgraded shares of AT&T from a "peer perform" rating to an "outperform" rating and set a $29.00 target price on the stock in a research note on Thursday, July 23rd. 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.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $29.19.
Read Our Latest Stock Report on AT&T
About AT&T
(
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.
See Also
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