Odyssean LLC Purchases Shares of 50,053 AT&T Inc. $T

Key Points

• Odyssean LLC acquired 50,053 AT&T shares during the second quarter, valued at approximately $1.04 million. Institutional investors collectively own 57.1% of AT&T.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $29.19, despite targets ranging from $20 to $30.
• AT&T beat quarterly EPS estimates, reporting $0.65 versus the expected $0.59, while revenue rose 2.3% year over year to $31.56 billion. The company also pays a quarterly dividend of $0.2775 per share, representing a 4.3% annualized yield.

Odyssean LLC acquired a new stake 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 acquired 50,053 shares of the technology company's stock, valued at approximately $1,036,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fairway Wealth LLC bought a new position in shares of AT&T in the 1st quarter valued at about $29,000. Robinswood Financial LLC acquired a new position in shares of AT&T during the 1st quarter worth about $29,000. Safe Harbor Fiduciary LLC bought a new stake in shares of AT&T in the 4th quarter valued at about $25,000. Rachor Investment Advisory Services LLC bought a new stake in shares of AT&T in the 4th quarter valued at about $25,000. Finally, Cresta Advisors Ltd. acquired a new stake in AT&T in the 4th quarter valued at about $26,000. 57.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Wells Fargo & Company lifted their price target on 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 upgraded AT&T from a "sell" rating to a "hold" rating in a research note on Saturday, June 20th. Wolfe Research raised AT&T from a "peer perform" rating to an "outperform" rating and set a $29.00 price objective for the company in a research report on Thursday, July 23rd. Sanford C. Bernstein reiterated an "outperform" rating and set a $25.00 target price on shares of AT&T in a research note on Monday, July 13th. Finally, Argus reduced their target price on AT&T from $33.00 to $30.00 and set a "buy" rating for the company in a research note on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $29.19.

AT&T Stock Performance

NYSE T opened at $25.88 on Thursday. The firm has a 50-day moving average of $23.00 and a 200-day moving average of $25.24. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.93 and a current ratio of 0.97. The stock has a market cap of $177.34 billion, a PE ratio of 8.57, a P/E/G ratio of 1.05 and a beta of 0.23. AT&T Inc. has a 52-week low of $19.89 and a 52-week high of $29.79.

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, beating analysts' consensus estimates of $0.59 by $0.06. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The business had revenue of $31.56 billion for the quarter, compared to analyst estimates of $31.80 billion. During the same quarter in the prior year, the business earned $0.54 EPS. AT&T's quarterly 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. On average, sell-side analysts anticipate that AT&T Inc. will post 2.34 EPS for the current year.

AT&T Dividend Announcement

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