MASTERINVEST Kapitalanlage GmbH Takes $2.31 Million Position in AT&T Inc. $T

Key Points

• MASTERINVEST Kapitalanlage GmbH acquired 111,758 AT&T shares in the second quarter, valued at approximately $2.31 million. Institutional investors collectively own 57.1% of the company’s stock.
• AT&T reported quarterly EPS of $0.65, beating estimates of $0.59, while revenue reached $31.56 billion, up 2.3% year over year but below expectations. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $29.19.
• AT&T paid a quarterly dividend of $0.2775 per share, equivalent to an annualized $1.11 dividend and a 4.4% yield.

MASTERINVEST Kapitalanlage GmbH acquired a new stake in shares of AT&T Inc. (NYSE:T - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 111,758 shares of the technology company's stock, valued at approximately $2,313,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in shares of AT&T by 26.5% in the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company's stock worth $1,106,000 after purchasing an additional 10,188 shares during the period. Osterweis Capital Management Inc. increased its stake in shares of AT&T by 4,352.9% in the second quarter. Osterweis Capital Management Inc. now owns 6,234 shares of the technology company's stock worth $180,000 after purchasing an additional 6,094 shares in the last quarter. Main Street Financial Solutions LLC raised its position in shares of AT&T by 4.0% during the 2nd quarter. Main Street Financial Solutions LLC now owns 26,796 shares of the technology company's stock valued at $775,000 after purchasing an additional 1,022 shares during the period. HUB Investment Partners LLC raised its position in shares of AT&T by 19.6% during the 2nd quarter. HUB Investment Partners LLC now owns 55,730 shares of the technology company's stock valued at $1,613,000 after purchasing an additional 9,115 shares during the period. Finally, Peapack Gladstone Financial Corp lifted its stake in shares of AT&T by 1.8% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 207,063 shares of the technology company's stock valued at $5,992,000 after buying an additional 3,677 shares in the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on T shares. Wells Fargo & Company upped their target price 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. Wall Street Zen raised AT&T from a "sell" rating to a "hold" rating in a report on Saturday, June 20th. Sanford C. Bernstein restated an "outperform" rating and issued a $25.00 price objective on shares of AT&T in a research report on Monday, July 13th. TD Cowen upped their price objective on AT&T from $32.00 to $33.00 and gave the stock a "hold" rating in a research note on Thursday, July 23rd. Finally, Barclays cut their target price 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. One equities 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 assigned a Sell rating to the stock. According to data from MarketBeat, AT&T presently has a consensus rating of "Moderate Buy" and an average price target of $29.19.

AT&T Stock Performance

T opened at $25.42 on Friday. The stock has a market capitalization of $174.16 billion, a price-to-earnings ratio of 8.42, a PEG ratio of 1.05 and a beta of 0.23. The company has a fifty day moving average of $23.06 and a 200 day moving average of $25.23. AT&T Inc. has a fifty-two week low of $19.89 and a fifty-two 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 announced its quarterly earnings results on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.59 by $0.06. The business had revenue of $31.56 billion for the quarter, compared to analysts' expectations of $31.80 billion. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The business's quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.54 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, sell-side analysts forecast 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. Stockholders of record on Friday, July 10th were issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend was Friday, July 10th. AT&T's payout ratio is 36.75%.

About AT&T

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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