Qsemble Capital Management LP Makes New Investment in AT&T Inc. $T

Key Points

• Qsemble Capital Management initiated a position in AT&T during the second quarter, purchasing 195,313 shares valued at approximately $4.0 million. Institutional investors and hedge funds collectively own 57.1% of AT&T’s outstanding stock.
• Analyst sentiment is generally positive, with AT&T carrying a “Moderate Buy” consensus rating and an average price target of $29.19, despite some target reductions and underweight ratings.
• AT&T reported quarterly EPS of $0.65, beating estimates by $0.06, while revenue rose 2.3% year over year to $31.56 billion. The company also maintains a quarterly dividend of $0.2775, equal to a 4.5% annualized yield.

Qsemble Capital Management LP bought a new stake in AT&T Inc. (NYSE:T - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 195,313 shares of the technology company's stock, valued at approximately $4,043,000.

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

Analyst Upgrades and Downgrades

T has been the topic of a number of research analyst reports. Wall Street Zen raised AT&T from a "sell" rating to a "hold" rating in a report on Saturday, June 20th. Wells Fargo & Company boosted 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. Royal Bank Of Canada dropped their price objective on AT&T from $31.00 to $27.00 and set an "outperform" rating for the company in a research report on Monday, July 20th. Morgan Stanley raised their price objective on AT&T from $25.00 to $27.00 and gave the company an "overweight" rating in a research note on Thursday, July 23rd. Finally, Wolfe Research upgraded AT&T from a "peer perform" rating to an "outperform" rating and set a $29.00 target price on the stock in a research report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, AT&T currently has an average rating of "Moderate Buy" and an average target price of $29.19.

AT&T Stock Up 1.0%

Shares of NYSE T opened at $24.94 on Wednesday. The company has a 50 day simple moving average of $22.71 and a 200 day simple moving average of $25.28. The firm has a market cap of $170.87 billion, a PE ratio of 8.26, a price-to-earnings-growth ratio of 1.01 and a beta of 0.23. AT&T Inc. has a 1 year low of $19.89 and a 1 year high of $29.79. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.97 and a quick ratio of 0.93.

AT&T (NYSE:T - Get Free Report) last issued its quarterly 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 company had revenue of $31.56 billion for the quarter, compared to analyst estimates of $31.80 billion. AT&T had a net margin of 16.94% and a return on equity of 12.86%. AT&T's revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, research analysts forecast that AT&T Inc. will post 2.34 EPS for the current year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Stockholders 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 4.5%. 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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