Encore Global Management LP Takes Position in AT&T Inc. $T

Key Points

• Encore Global Management LP acquired 40,000 AT&T shares during the second quarter, valued at approximately $828,000. Institutional investors collectively own 57.1% of the company.
• AT&T reported quarterly EPS of $0.65, exceeding the $0.59 consensus estimate, while revenue rose 2.3% year over year to $31.56 billion. The company maintained annualized dividends of $1.11 per share, representing a 4.3% yield.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $29.19, compared with AT&T’s reported share price of $25.70.

Encore Global Management LP bought a new position in AT&T Inc. (NYSE:T - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 40,000 shares of the technology company's stock, valued at approximately $828,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. OneAscent Investment Solutions LLC acquired a new position in AT&T during the second quarter worth $395,000. OneAscent Wealth Management LLC bought a new position in shares of AT&T during the second quarter valued at $556,000. OneAscent Family Office LLC acquired a new stake in shares of AT&T in the 2nd quarter valued at $293,000. Presper Financial Architects LLC acquired a new stake in shares of AT&T in the 2nd quarter valued at $382,000. Finally, OneAscent Financial Services LLC bought a new stake in shares of AT&T in the 2nd quarter worth about $930,000. Institutional investors own 57.10% of the company's stock.

AT&T Stock Up 1.6%

Shares of NYSE:T opened at $25.70 on Tuesday. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 1.06. The firm 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's 50-day moving average price is $22.88 and its two-hundred day moving average price is $25.26. AT&T Inc. has a 12 month low of $19.89 and a 12 month high of $29.79.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings data 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. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The firm had revenue of $31.56 billion during the quarter, compared to analysts' expectations of $31.80 billion. During the same quarter in the previous year, the company posted $0.54 EPS. AT&T's revenue was up 2.3% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, research analysts forecast that AT&T Inc. will post 2.34 EPS for the current fiscal year.

AT&T Dividend Announcement

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 $0.2775 dividend. This represents a $1.11 dividend on an annualized basis 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%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on T shares. Barclays dropped their target price on shares of 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. Scotiabank reduced their price target on shares of AT&T from $31.00 to $29.25 and set a "sector perform" rating on the stock in a research report on Wednesday, July 15th. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $25.00 price objective on shares of AT&T in a research note on Monday, July 13th. 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. Finally, Wells Fargo & Company raised their price objective on shares of AT&T from $18.00 to $20.00 and gave the stock an "underweight" rating in a report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average 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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