Pingora Partners LLC Purchases Shares of 130,225 AT&T Inc. $T

Key Points

• Pingora Partners initiated a position in AT&T by purchasing 130,225 shares worth approximately $2.7 million, making the stock its 11th-largest holding. Institutional investors collectively own 57.1% of AT&T.
• Analysts maintain a generally positive outlook, with AT&T carrying a consensus “Moderate Buy” rating and an average price target of $29.19, compared with its reported trading price of $25.88.
• AT&T exceeded quarterly EPS expectations, reporting $0.65 versus the $0.59 consensus estimate, while revenue rose 2.3% year over year. The company also pays a quarterly dividend of $0.2775, equivalent to a 4.3% annualized yield.

Pingora Partners LLC purchased a new position in shares of AT&T Inc. (NYSE:T - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 130,225 shares of the technology company's stock, valued at approximately $2,696,000. AT&T makes up about 1.6% of Pingora Partners LLC's portfolio, making the stock its 11th biggest holding.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. TD Cowen raised their price objective on AT&T from $32.00 to $33.00 and gave the company a "hold" rating in a research note on Thursday, July 23rd. Weiss Ratings raised AT&T from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, August 3rd. The Goldman Sachs Group set a $30.00 target price on AT&T in a report on Wednesday, July 22nd. Argus reduced their price target on AT&T from $33.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday, July 23rd. Finally, 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 research note 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 issued a Sell rating to the stock. According to data from MarketBeat.com, AT&T has an average rating of "Moderate Buy" and a consensus target price of $29.19.

AT&T Trading Up 0.4%

Shares of T opened at $25.88 on Thursday. The stock has a market capitalization of $177.34 billion, a P/E ratio of 8.57, a PEG ratio of 1.05 and a beta of 0.23. AT&T Inc. has a twelve month low of $19.89 and a twelve month 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 firm has a fifty day simple moving average of $23.00 and a two-hundred day simple moving average of $25.24.

AT&T (NYSE:T - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.59 by $0.06. The firm had revenue of $31.56 billion for the quarter, compared to analysts' expectations of $31.80 billion. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The company's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, research analysts anticipate that AT&T Inc. will post 2.34 EPS for the current year.

AT&T Dividend Announcement

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