NewEdge Wealth LLC Invests $2.07 Million in AT&T Inc. $T

Key Points

• NewEdge Wealth acquired 99,912 AT&T shares worth approximately $2.07 million during the second quarter. Institutional investors and hedge funds collectively own 57.1% of the company.
• Analysts maintain a generally positive outlook, with AT&T receiving a “Moderate Buy” consensus rating and an average price target of $29.19.
• AT&T reported quarterly EPS of $0.65, exceeding estimates of $0.59, while revenue rose 2.3% year over year. The company also pays a quarterly dividend of $0.2775, representing a 4.4% annualized yield.

NewEdge Wealth LLC acquired a new position in AT&T Inc. (NYSE:T - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 99,912 shares of the technology company's stock, valued at approximately $2,068,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Fairway Wealth LLC purchased a new stake in AT&T in the 1st quarter valued at approximately $29,000. Robinswood Financial LLC purchased a new position in AT&T during the first quarter worth $29,000. Safe Harbor Fiduciary LLC acquired a new position in shares of AT&T in the fourth quarter worth $25,000. Rachor Investment Advisory Services LLC acquired a new position in shares of AT&T in the fourth quarter worth $25,000. Finally, Cresta Advisors Ltd. acquired a new position in shares of AT&T in the fourth quarter worth $26,000. 57.10% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on T. Weiss Ratings raised AT&T from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, August 3rd. Wells Fargo & Company boosted their target price on shares of AT&T from $18.00 to $20.00 and gave the company an "underweight" rating in a research note on Thursday, July 23rd. Morgan Stanley upped their target price on shares of AT&T from $25.00 to $27.00 and gave the company an "overweight" rating in a report on Thursday, July 23rd. TD Cowen raised their price target on shares of AT&T from $32.00 to $33.00 and gave the stock a "hold" rating in a research note on Thursday, July 23rd. Finally, Argus cut their price objective on shares of AT&T from $33.00 to $30.00 and set a "buy" rating for the company in a research report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, AT&T has an average rating of "Moderate Buy" and a consensus price target of $29.19.

AT&T Price Performance

T stock opened at $25.33 on Monday. AT&T Inc. has a 52-week low of $19.89 and a 52-week high of $29.79. The stock's fifty day simple moving average is $22.83 and its 200-day simple moving average is $25.27. 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 stock has a market capitalization of $173.57 billion, a price-to-earnings ratio of 8.39, a price-to-earnings-growth ratio of 1.03 and a beta of 0.23.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.59 by $0.06. The business 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 business's revenue for the quarter 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. Equities research analysts expect that AT&T Inc. will post 2.34 EPS for the current year.

AT&T Dividend Announcement

The firm also recently declared 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 was Friday, July 10th. This represents a $1.11 annualized dividend and a yield of 4.4%. AT&T's payout ratio is 36.75%.

Key Stories Impacting AT&T

Here are the key news stories impacting AT&T this week:

• Positive Sentiment: AT&T’s post-earnings momentum remains constructive: the company reported quarterly EPS of $0.65 versus the $0.59 consensus estimate, while revenue increased 2.3% year over year. Analysts are watching whether earnings estimates and the stock’s advance can continue. AT&T Up 9.5% Since Last Earnings Report
• Positive Sentiment: AT&T’s Advanced Connectivity business is gaining traction through fiber expansion, customer convergence and rising demand for AI-related network capacity. This supports the company’s longer-term growth outlook and helps offset slower legacy operations. AT&T Rides on Strength in Advanced Connectivity
• Positive Sentiment: A partnership with Hark gives AT&T exposure to emerging AI-native consumer devices. AT&T will invest in Hark and provide connectivity, certification and infrastructure support, potentially creating incremental traffic and device-related revenue opportunities. Hark and AT&T Partner on Connectivity for Future AI Devices
• Positive Sentiment: AT&T reportedly reduced the cost of coding and other AI tasks by as much as 56% by using model-routing tools and open-source systems, with only a modest decline in output quality. Lower internal AI costs could support productivity and margins. AT&T Slashes AI Costs by Adopting Model Routers and Open Source
• Neutral Sentiment: Analysts continue to highlight AT&T as a highly ranked value and income stock, with a roughly 4.5% dividend yield and a low earnings multiple. However, the company’s growth is expected to remain moderate, making customer revenue increases important. AT&T Is a Top-Ranked Value Stock
• Negative Sentiment: Bernstein cautions that SpaceX’s potential telecom ambitions could intensify competition for AT&T, Verizon and T-Mobile. Meanwhile, heavy capital spending, elevated interest rates and industry balance-sheet pressures remain risks. Bernstein Remains Bullish on SpaceX

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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