Sonoma Private Wealth LLC Invests $1.15 Million in AT&T Inc. $T

Key Points

• Sonoma Private Wealth acquired 55,536 AT&T shares worth approximately $1.15 million in the second quarter, making AT&T 1.2% of its portfolio. Institutional investors and hedge funds collectively own 57.1% of the stock.
• AT&T reported quarterly EPS of $0.65, exceeding estimates of $0.59, while revenue rose 2.3% year over year to $31.56 billion, slightly below expectations.
• AT&T pays a quarterly dividend of $0.2775 per share, or $1.11 annually, representing a 4.3% yield. Analysts give the stock a consensus “Moderate Buy” rating with a $29.19 target price, versus a recent price of $25.88.

Sonoma Private Wealth LLC acquired a new stake in AT&T Inc. (NYSE:T - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 55,536 shares of the technology company's stock, valued at approximately $1,150,000. AT&T accounts for about 1.2% of Sonoma Private Wealth LLC's investment portfolio, making the stock its 19th biggest holding.

Several other institutional investors and hedge funds have also modified their holdings of T. Man Group plc bought a new position in AT&T in the second quarter valued at approximately $83,512,000. First Bancorp Inc ME acquired a new position in shares of AT&T in the second quarter valued at approximately $554,000. Roberts Glore & Co. Inc. IL bought a new stake in shares of AT&T during the second quarter worth $381,000. Jupiter Topco LLC bought a new stake in shares of AT&T during the second quarter worth $17,173,000. Finally, EFG International AG bought a new stake in shares of AT&T during the second quarter worth $464,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Price Performance

NYSE T opened at $25.88 on Thursday. The firm's 50 day moving average is $23.00 and its 200-day moving average is $25.24. 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 company has a market capitalization of $177.34 billion, a PE ratio of 8.57, a price-to-earnings-growth ratio of 1.05 and a beta of 0.23. AT&T Inc. has a 12-month low of $19.89 and a 12-month high of $29.79.

AT&T (NYSE:T - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.59 by $0.06. The business had revenue of $31.56 billion during 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 firm's revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities research analysts anticipate that AT&T Inc. will post 2.34 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were paid 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 dividend payout ratio is currently 36.75%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on T shares. Argus cut their price objective on shares of AT&T from $33.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday, July 23rd. Morgan Stanley increased their target price on AT&T from $25.00 to $27.00 and gave the stock an "overweight" rating in a report on Thursday, July 23rd. Barclays dropped their price target on AT&T from $26.00 to $24.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 8th. Weiss Ratings upgraded AT&T from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, August 3rd. Finally, Scotiabank reduced their price objective on AT&T from $31.00 to $29.25 and set a "sector perform" rating for the company in a research report on Wednesday, July 15th. One 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 MarketBeat, AT&T currently has a consensus rating of "Moderate Buy" and a consensus target price of $29.19.

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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