Saudi Central Bank Acquires 227,071 Shares of AT&T Inc. $T

Key Points

• Saudi Central Bank increased its AT&T stake by 13.9% in the second quarter, adding 227,071 shares for a total holding of 1,855,580 shares valued at approximately $40.3 million. Institutional investors collectively own 57.1% of AT&T.
• Analyst sentiment remains positive overall, with AT&T carrying a “Moderate Buy” consensus rating and an average price target of $29.19. Recent targets range from $27 to $30, while Wolfe Research upgraded the stock to “outperform.”
• AT&T reported quarterly EPS of $0.65, exceeding the $0.59 consensus estimate, while revenue reached $31.56 billion. The company maintains a quarterly dividend of $0.2775 per share, equivalent to a 4.3% annualized yield.

Saudi Central Bank boosted its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 13.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,855,580 shares of the technology company's stock after buying an additional 227,071 shares during the period. Saudi Central Bank's holdings in AT&T were worth $40,307,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Safe Harbor Fiduciary LLC purchased a new stake in shares of AT&T during the 4th quarter worth $25,000. Blueline Advisors LLC purchased a new position in AT&T in the fourth quarter valued at about $26,000. Winnow Wealth LLC grew its stake in AT&T by 362.8% in the fourth 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 last quarter. Orion Capital Management LLC bought a new position in AT&T in the second quarter worth about $26,000. Finally, Addison Advisors LLC bought a new position in AT&T in the second quarter worth about $27,000. Institutional investors own 57.10% of the company's stock.

Analysts Set New Price Targets

T has been the subject of several analyst reports. Wolfe Research raised shares of AT&T from a "peer perform" rating to an "outperform" rating and set a $29.00 price target for the company in a research report on Thursday, July 23rd. Royal Bank Of Canada cut their price objective on shares of AT&T from $31.00 to $27.00 and set an "outperform" rating on the stock in a research report on Monday, July 20th. Morgan Stanley boosted their price objective on shares of AT&T from $25.00 to $27.00 and gave the stock an "overweight" rating in a research note on Thursday, July 23rd. Argus decreased their target price on shares of AT&T from $33.00 to $30.00 and set a "buy" rating for the company in a research report on Thursday, July 23rd. Finally, Wall Street Zen upgraded shares of AT&T from a "sell" rating to a "hold" rating in a research note on Saturday, June 20th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $29.19.

AT&T Trading Down 1.9%

AT&T stock opened at $25.70 on Friday. The firm has a market cap of $176.11 billion, a PE ratio of 8.51, a P/E/G ratio of 1.27 and a beta of 0.25. AT&T Inc. has a 12 month low of $19.89 and a 12 month high of $29.79. The stock's 50 day simple moving average is $23.49 and its two-hundred day simple moving average is $25.16. 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 posted its earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.06. The firm had revenue of $31.56 billion during 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%. The business's quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.54 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Analysts anticipate that AT&T Inc. will post 2.34 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were given 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 (DPR) is currently 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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