Forum Private Client Group LLC bought a new position in AT&T Inc. (NYSE:T - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 43,262 shares of the technology company's stock, valued at approximately $896,000. AT&T makes up approximately 0.3% of Forum Private Client Group LLC's portfolio, making the stock its 19th largest holding.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Rachor Investment Advisory Services LLC bought a new stake in shares of AT&T during the fourth quarter valued at approximately $25,000. Safe Harbor Fiduciary LLC bought a new position in AT&T in the fourth quarter worth $25,000. Cresta Advisors Ltd. purchased a new position in AT&T during the fourth quarter valued at $26,000. Blueline Advisors LLC purchased a new position in AT&T during the fourth quarter valued at $26,000. Finally, Winnow Wealth LLC lifted its position in AT&T by 362.8% during the fourth quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company's stock valued at $26,000 after buying an additional 820 shares during the period. Hedge funds and other institutional investors own 57.10% of the company's stock.
AT&T Trading Up 1.6%
AT&T stock opened at $25.70 on Tuesday. AT&T Inc. has a 12 month low of $19.89 and a 12 month high of $29.79. The company has a market capitalization of $176.13 billion, a price-to-earnings ratio of 8.51, a price-to-earnings-growth 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. 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 issued its quarterly earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.06. The firm had revenue of $31.56 billion during the quarter, compared to the consensus estimate 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 period last year, the company earned $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, equities analysts predict that AT&T Inc. will post 2.34 earnings per share for the current fiscal year.
AT&T Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were issued a $0.2775 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $1.11 annualized dividend and a yield of 4.3%. AT&T's payout ratio is 36.75%.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the stock. Argus reduced their target price 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. Morgan Stanley lifted their price target on shares of AT&T from $25.00 to $27.00 and gave the company an "overweight" rating in a research report on Thursday, July 23rd. Weiss Ratings raised shares of AT&T from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, August 3rd. The Goldman Sachs Group set a $30.00 price objective on shares of AT&T in a report on Wednesday, July 22nd. Finally, Royal Bank Of Canada decreased their target price on shares of AT&T from $31.00 to $27.00 and set an "outperform" rating for the company in a research note on Monday, July 20th. One 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 company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $29.19.
View Our Latest Stock Analysis on AT&T
AT&T Company Profile
(
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.
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