Daiichi Life Insurance Co. Ltd. purchased a new stake in shares of AT&T Inc. (NYSE:T - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 874,463 shares of the technology company's stock, valued at approximately $18,101,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of T. Fairway Wealth LLC purchased a new position in shares of AT&T in the first quarter valued at about $29,000. Robinswood Financial LLC bought a new stake in shares of AT&T in the first quarter worth about $29,000. Safe Harbor Fiduciary LLC bought a new stake in shares of AT&T in the fourth quarter worth about $25,000. Rachor Investment Advisory Services LLC purchased a new position in AT&T during the 4th quarter valued at about $25,000. Finally, Cresta Advisors Ltd. purchased a new position in AT&T during the 4th quarter valued at about $26,000. 57.10% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several research firms have weighed in on T. Scotiabank dropped their price objective on AT&T from $31.00 to $29.25 and set a "sector perform" rating for the company in a report on Wednesday, July 15th. Barclays decreased 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. Wolfe Research raised shares of AT&T from a "peer perform" rating to an "outperform" rating and set a $29.00 target price for the company in a research report on Thursday, July 23rd. Argus reduced their price target on shares of AT&T from $33.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday, July 23rd. Finally, TD Cowen raised their price objective on shares of AT&T from $32.00 to $33.00 and gave the stock a "hold" rating in a report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $29.19.
Check Out Our Latest Analysis on T
AT&T Price Performance
T stock opened at $25.77 on Wednesday. The firm has a 50 day moving average price of $22.93 and a 200-day moving average price of $25.25. The firm has a market capitalization of $176.55 billion, a price-to-earnings ratio of 8.53, a PEG ratio of 1.05 and a beta of 0.23. AT&T Inc. has a 52-week low of $19.89 and a 52-week 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.
AT&T (NYSE:T - Get Free Report) last released its earnings results on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.59 by $0.06. The firm had revenue of $31.56 billion for 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 quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities research analysts forecast that AT&T Inc. will post 2.34 EPS for the current fiscal year.
AT&T Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Friday, July 10th. AT&T's dividend payout ratio (DPR) is presently 36.75%.
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.
Featured Stories
Want to see what other hedge funds are holding T? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AT&T Inc. (NYSE:T - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider AT&T, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AT&T wasn't on the list.
While AT&T currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2026. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
