Pure Financial Advisors LLC purchased a new stake in AT&T Inc. (NYSE:T - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 50,057 shares of the technology company's stock, valued at approximately $1,036,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Transamerica Financial Advisors LLC purchased a new stake in shares of AT&T in the second quarter valued at $343,000. Corient Private Wealth LP purchased a new position in shares of AT&T during the second quarter valued at $46,653,000. Perennial Investment Advisors LLC acquired a new position in AT&T during the second quarter valued at $714,000. Pingora Partners LLC purchased a new stake in AT&T in the 2nd quarter worth about $2,696,000. Finally, Ausdal Financial Partners Inc. acquired a new stake in AT&T during the 2nd quarter worth about $2,523,000. Institutional investors and hedge funds own 57.10% of the company's stock.
AT&T Stock Up 0.4%
Shares of T opened at $25.88 on Thursday. The company has a 50-day simple moving average of $23.00 and a 200-day simple 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. 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 $177.34 billion, a P/E ratio of 8.57, a P/E/G ratio of 1.05 and a beta of 0.23.
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, equities research analysts expect that AT&T Inc. will post 2.34 earnings per share for the current year.
AT&T Dividend Announcement
The business also recently disclosed 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. This represents a $1.11 annualized dividend and a yield of 4.3%. The ex-dividend date was Friday, July 10th. AT&T's dividend payout ratio is currently 36.75%.
Analyst Ratings Changes
Several research firms recently commented on T. Barclays decreased their price target on shares of AT&T from $26.00 to $24.00 and set an "equal weight" rating for the company in a report on Wednesday, July 8th. Weiss Ratings raised shares of AT&T from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, August 3rd. Royal Bank Of Canada dropped their price target on shares of AT&T from $31.00 to $27.00 and set an "outperform" rating on the stock in a research note on Monday, July 20th. Scotiabank cut their price objective on AT&T from $31.00 to $29.25 and set a "sector perform" rating for the company in a report on Wednesday, July 15th. Finally, Wells Fargo & Company lifted their price objective on AT&T from $18.00 to $20.00 and gave the company an "underweight" rating in a research report 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 assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $29.19.
Get Our Latest Analysis on T
AT&T Profile
(
Free Report)
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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