Pale Fire Capital SE Takes Position in AT&T Inc. $T

Key Points

• Pale Fire Capital SE acquired 1.14 million AT&T shares worth approximately $23.6 million in the second quarter, making AT&T its 12th-largest holding and about 0.6% of its portfolio.
• Analyst sentiment remains positive overall, with a consensus “Moderate Buy” rating and an average price target of $29.19, despite targets ranging from $20 to $33 and one recent downgrade to “market perform.”
• AT&T reported quarterly EPS of $0.65, beating estimates, while revenue reached $31.56 billion. The company also maintains a quarterly dividend of $0.2775, equivalent to a 4.3% annualized yield.

Pale Fire Capital SE purchased a new position in shares of AT&T Inc. (NYSE:T - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,140,000 shares of the technology company's stock, valued at approximately $23,598,000. AT&T makes up approximately 0.6% of Pale Fire Capital SE's holdings, making the stock its 12th largest position.

A number of other institutional investors and hedge funds have also modified their holdings of T. Safe Harbor Fiduciary LLC bought a new stake in AT&T in the fourth quarter valued at approximately $25,000. Cresta Advisors Ltd. bought a new stake in shares of AT&T in the fourth quarter worth $26,000. Blueline Advisors LLC bought a new stake in AT&T during the fourth quarter worth about $26,000. Winnow Wealth LLC raised its holdings 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 valued at $26,000 after purchasing an additional 820 shares during the period. Finally, Orion Capital Management LLC acquired a new stake in shares of AT&T during the 2nd quarter worth about $26,000. 57.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. TD Cowen increased their target price on AT&T from $32.00 to $33.00 and gave the stock a "hold" rating in a report on Thursday, July 23rd. Wells Fargo & Company lifted their price target 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. Morgan Stanley increased their price target on AT&T from $25.00 to $27.00 and gave the company an "overweight" rating in a research report on Thursday, July 23rd. The Goldman Sachs Group set a $30.00 price target on shares of AT&T in a research note on Wednesday, July 22nd. Finally, Oppenheimer lowered shares of AT&T from an "outperform" rating to a "market perform" rating in a research report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $29.19.

AT&T Stock Performance

Shares of T opened at $25.98 on Thursday. The business's 50 day moving average price is $23.36 and its 200-day moving average price is $25.17. AT&T Inc. has a 52 week low of $19.89 and a 52 week high of $29.79. 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 cap of $178.03 billion, a P/E ratio of 8.60, a P/E/G ratio of 1.29 and a beta of 0.25.

AT&T (NYSE:T - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.59 by $0.06. The business had revenue of $31.56 billion during the quarter, compared to analyst estimates of $31.80 billion. AT&T had a return on equity of 12.86% and a net margin of 16.94%.The company's quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.54 EPS. 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 fiscal 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 $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Friday, July 10th. AT&T's dividend payout ratio is presently 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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