Northwestern Mutual Wealth Management Co. Invests $21.04 Million in AT&T Inc. $T

Key Points

• Northwestern Mutual Wealth Management initiated a position in AT&T worth approximately $21.04 million by purchasing 1.02 million shares. Institutional investors collectively own 57.1% of AT&T’s stock.
• AT&T reported quarterly EPS of $0.65, exceeding analysts’ $0.59 estimate, while revenue rose 2.3% year over year to $31.56 billion, slightly below expectations.
• The company’s quarterly dividend is $0.2775 per share, equivalent to an annualized $1.11 payout and a 4.3% yield. Analysts have a consensus “Moderate Buy” rating with an average price target of $29.19.

Northwestern Mutual Wealth Management Co. purchased a new position in AT&T Inc. (NYSE:T - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 1,016,347 shares of the technology company's stock, valued at approximately $21,038,000.

A number of other large investors also recently bought and sold shares of T. Rachor Investment Advisory Services LLC purchased a new stake in AT&T in the fourth quarter worth about $25,000. Safe Harbor Fiduciary LLC purchased a new position in shares of AT&T during the fourth quarter valued at approximately $25,000. Cresta Advisors Ltd. purchased a new position in shares of AT&T during the fourth quarter valued at approximately $26,000. Blueline Advisors LLC bought a new stake in shares of AT&T in the 4th quarter worth approximately $26,000. Finally, Winnow Wealth LLC boosted its position in shares of AT&T by 362.8% in the 4th quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company's stock worth $26,000 after purchasing an additional 820 shares in the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Price Performance

NYSE T opened at $25.70 on Tuesday. AT&T Inc. has a 52 week low of $19.89 and a 52 week high of $29.79. The firm has a market capitalization of $176.13 billion, a P/E ratio of 8.51, a PEG ratio of 1.03 and a beta of 0.23. 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 company has a 50-day moving average price of $22.88 and a 200-day moving average price of $25.26.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.59 by $0.06. The company had revenue of $31.56 billion for the quarter, compared to the consensus estimate of $31.80 billion. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The firm's revenue was up 2.3% compared to the same quarter last year. During the same quarter last 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 anticipate that AT&T Inc. will post 2.34 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Friday, July 10th. AT&T's dividend payout ratio (DPR) is currently 36.75%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on T shares. Weiss Ratings raised AT&T from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, August 3rd. TD Cowen raised their price target on AT&T from $32.00 to $33.00 and gave the company a "hold" rating in a report on Thursday, July 23rd. The Goldman Sachs Group set a $30.00 price target on AT&T in a research report on Wednesday, July 22nd. Wolfe Research upgraded shares of AT&T from a "peer perform" rating to an "outperform" rating and set a $29.00 price target on the stock in a research note on Thursday, July 23rd. Finally, Wells Fargo & Company increased their price objective on shares of AT&T from $18.00 to $20.00 and gave the company an "underweight" rating in a research report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $29.19.

AT&T 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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