OneAscent Financial Services LLC Makes New $930,000 Investment in AT&T Inc. $T

Key Points

• OneAscent Financial Services purchased 44,941 AT&T shares worth approximately $930,000, while institutional investors collectively own 57.1% of the company.
• Analysts maintain a generally positive view, with AT&T carrying a “Moderate Buy” consensus rating and an average price target of $29.19 versus a recent share price of $25.70.
• AT&T exceeded quarterly earnings expectations with adjusted EPS of $0.65, while revenue rose 2.3% year over year; the company also pays a quarterly dividend of $0.2775 per share, representing a 4.3% annualized yield.

OneAscent Financial Services LLC purchased a new position 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 (SEC). The fund purchased 44,941 shares of the technology company's stock, valued at approximately $930,000.

Several other hedge funds also recently modified their holdings of the business. Norges Bank bought a new position in AT&T during the fourth quarter worth $2,181,977,000. Amundi boosted its holdings in AT&T by 67.5% in the 3rd quarter. Amundi now owns 42,295,492 shares of the technology company's stock valued at $1,094,184,000 after purchasing an additional 17,040,328 shares during the period. Alyeska Investment Group L.P. boosted its holdings in AT&T by 620.8% in the 4th quarter. Alyeska Investment Group L.P. now owns 11,891,778 shares of the technology company's stock valued at $295,392,000 after purchasing an additional 10,241,949 shares during the period. State Street Corp grew its position in AT&T by 2.6% in the 4th quarter. State Street Corp now owns 332,089,723 shares of the technology company's stock worth $8,249,109,000 after purchasing an additional 8,314,678 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of AT&T by 49.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 25,155,597 shares of the technology company's stock worth $624,865,000 after purchasing an additional 8,297,201 shares during the period. 57.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

T has been the subject of a number of research analyst reports. 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. Morgan Stanley lifted their target price on AT&T from $25.00 to $27.00 and gave the stock an "overweight" rating in a research report on Thursday, July 23rd. TD Cowen boosted their price target on AT&T from $32.00 to $33.00 and gave the company a "hold" rating in a research note on Thursday, July 23rd. Royal Bank Of Canada cut their price target on AT&T from $31.00 to $27.00 and set an "outperform" rating for the company in a report on Monday, July 20th. Finally, Weiss Ratings upgraded AT&T from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, AT&T presently has an average rating of "Moderate Buy" and an average price target of $29.19.

AT&T Trading Up 1.6%

Shares of AT&T stock 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 PE ratio of 8.51, a price-to-earnings-growth ratio of 1.03 and a beta of 0.23. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.97 and a quick ratio of 0.93. The company's fifty day moving average price is $22.88 and its two-hundred day moving average price is $25.26.

AT&T (NYSE:T - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, topping 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 company had revenue of $31.56 billion during the quarter, compared to the consensus estimate of $31.80 billion. During the same period last year, the firm earned $0.54 EPS. The firm's revenue for the quarter was up 2.3% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, 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 paid a dividend of $0.2775 per share. The ex-dividend date was Friday, July 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.3%. AT&T's dividend payout ratio (DPR) 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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