Quantbot Technologies LP Acquires Shares of 330,330 AT&T Inc. $T

Key Points

• Quantbot Technologies acquired 330,330 AT&T shares during the second quarter, valued at approximately $6.84 million. Institutional investors collectively own 57.1% of AT&T.
• AT&T reported quarterly earnings of $0.65 per share, surpassing analysts’ $0.59 estimate, while revenue rose 2.3% year over year to $31.56 billion, slightly below expectations.
• The company maintains a quarterly dividend of $0.2775 per share, equivalent to an annualized $1.11 payout and a 4.3% yield. Analysts have a consensus “Moderate Buy” rating with an average price target of $29.19.

Quantbot Technologies LP acquired a new stake in AT&T Inc. (NYSE:T - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 330,330 shares of the technology company's stock, valued at approximately $6,838,000.

A number of other large investors have also recently bought and sold shares of the business. IFM Investors Pty Ltd raised its stake in AT&T by 5.3% during the 1st quarter. IFM Investors Pty Ltd now owns 1,488,172 shares of the technology company's stock valued at $43,142,000 after purchasing an additional 74,684 shares during the period. Parr Mcknight Wealth Management Group LLC acquired a new position in AT&T in the first quarter worth approximately $2,901,000. World Investment Advisors raised its holdings in shares of AT&T by 85.0% during the 4th quarter. World Investment Advisors now owns 338,942 shares of the technology company's stock valued at $8,419,000 after purchasing an additional 155,728 shares in the last quarter. Cerity Partners LLC raised its holdings in AT&T by 3.7% during the fourth quarter. Cerity Partners LLC now owns 1,668,862 shares of the technology company's stock valued at $41,449,000 after buying an additional 59,279 shares in the last quarter. Finally, ING Groep NV lifted its holdings in AT&T by 120.3% in the 4th quarter. ING Groep NV now owns 2,050,310 shares of the technology company's stock worth $50,930,000 after purchasing an additional 1,119,731 shares during the last quarter. Institutional investors own 57.10% of the company's stock.

AT&T Trading Up 1.6%

T opened at $25.70 on Tuesday. The stock has a market capitalization of $176.13 billion, a P/E ratio of 8.51, a P/E/G ratio of 1.03 and a beta of 0.23. The firm's fifty day simple moving average is $22.88 and its 200 day simple moving average is $25.26. AT&T Inc. has a 12 month low of $19.89 and a 12 month high of $29.79. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06.

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

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date was Friday, July 10th. AT&T's payout ratio is currently 36.75%.

Wall Street Analysts Forecast Growth

T has been the topic of a number of research analyst reports. Morgan Stanley raised their target price on AT&T from $25.00 to $27.00 and gave the company an "overweight" rating in a report on Thursday, July 23rd. Barclays decreased their price objective on AT&T from $26.00 to $24.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 8th. The Goldman Sachs Group set a $30.00 target price on shares of AT&T in a report on Wednesday, July 22nd. Wells Fargo & Company raised their price target on AT&T from $18.00 to $20.00 and gave the company an "underweight" rating in a report on Thursday, July 23rd. Finally, Oppenheimer downgraded shares of AT&T from an "outperform" rating to a "market perform" rating in a research note 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 given a Sell rating to the company's stock. Based on data from MarketBeat, AT&T currently has a consensus rating of "Moderate Buy" and an average target price of $29.19.

AT&T Profile

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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