Strategic Global Advisors LLC Buys Shares of 246,636 AT&T Inc. $T

Key Points

• Strategic Global Advisors LLC initiated a position in AT&T during the second quarter, purchasing 246,636 shares valued at approximately $5.1 million. Institutional investors and hedge funds collectively own 57.1% of the company.
• AT&T reported quarterly adjusted earnings of $0.65 per share, exceeding estimates of $0.59, while revenue rose 2.3% year over year to $31.56 billion, slightly below expectations.
• The company maintains an annualized dividend of $1.11 per share, yielding about 4.3%. Analysts give AT&T a consensus “Moderate Buy” rating with an average price target of $29.19.

Strategic Global Advisors LLC bought a new position in shares of AT&T Inc. (NYSE:T - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 246,636 shares of the technology company's stock, valued at approximately $5,105,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Rachor Investment Advisory Services LLC acquired a new stake in shares of AT&T in the fourth quarter valued at about $25,000. Safe Harbor Fiduciary LLC purchased a new stake in AT&T during the fourth quarter worth about $25,000. Cresta Advisors Ltd. acquired a new position in AT&T during the fourth quarter worth about $26,000. Blueline Advisors LLC acquired a new position in AT&T during the fourth quarter worth about $26,000. Finally, Winnow Wealth LLC grew its position 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 buying an additional 820 shares during the period. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Stock Up 0.4%

T opened at $25.88 on Thursday. The firm has a market cap of $177.34 billion, a P/E ratio of 8.57, a PEG ratio of 1.05 and a beta of 0.23. The business's fifty day simple moving average is $23.00 and its 200 day simple moving average is $25.24. AT&T Inc. has a 52 week low of $19.89 and a 52 week high of $29.79. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 1.06.

AT&T (NYSE:T - Get Free Report) last announced 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 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.54 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, equities research analysts anticipate that AT&T Inc. will post 2.34 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently declared 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. The ex-dividend date was Friday, July 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.3%. AT&T's payout ratio is 36.75%.

Analyst Ratings Changes

T has been the subject of a number of research reports. Sanford C. Bernstein reiterated an "outperform" rating and set a $25.00 price target on shares of AT&T in a research report on Monday, July 13th. The Goldman Sachs Group set a $30.00 price target on AT&T in a report on Wednesday, July 22nd. Scotiabank dropped their price objective on AT&T from $31.00 to $29.25 and set a "sector perform" rating for the company in a research note on Wednesday, July 15th. Barclays dropped their price objective on AT&T from $26.00 to $24.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 8th. Finally, TD Cowen boosted their target price on AT&T from $32.00 to $33.00 and gave the stock a "hold" 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 given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average 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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