Te Ahumairangi Investment Management Ltd Acquires Shares of 434,359 AT&T Inc. $T

Key Points

• Te Ahumairangi Investment Management initiated a 434,359-share AT&T position worth approximately $8.99 million, representing 1.5% of its portfolio. Institutional investors collectively own 57.1% of AT&T.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and a $29.19 average price target, despite mixed target-price adjustments from major firms.
• 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. The company also maintains a quarterly dividend of $0.2775 per share, equivalent to a 4.3% annualized yield.

Te Ahumairangi Investment Management Ltd purchased a new stake in shares of AT&T Inc. (NYSE:T - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 434,359 shares of the technology company's stock, valued at approximately $8,991,000. AT&T comprises approximately 1.5% of Te Ahumairangi Investment Management Ltd's investment portfolio, making the stock its 18th largest holding.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in shares of AT&T by 26.5% in the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company's stock valued at $1,106,000 after purchasing an additional 10,188 shares during the period. Osterweis Capital Management Inc. lifted its stake in shares of AT&T by 4,352.9% in the second quarter. Osterweis Capital Management Inc. now owns 6,234 shares of the technology company's stock worth $180,000 after buying an additional 6,094 shares in the last quarter. Main Street Financial Solutions LLC lifted its position in AT&T by 4.0% in the 2nd quarter. Main Street Financial Solutions LLC now owns 26,796 shares of the technology company's stock valued at $775,000 after acquiring an additional 1,022 shares in the last quarter. HUB Investment Partners LLC lifted its holdings in shares of AT&T by 19.6% during the second quarter. HUB Investment Partners LLC now owns 55,730 shares of the technology company's stock valued at $1,613,000 after purchasing an additional 9,115 shares in the last quarter. Finally, Peapack Gladstone Financial Corp boosted its holdings in shares of AT&T by 1.8% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 207,063 shares of the technology company's stock valued at $5,992,000 after acquiring an additional 3,677 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

T has been the topic of a number of research reports. Argus dropped their price target on AT&T from $33.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, July 23rd. Wall Street Zen upgraded AT&T from a "sell" rating to a "hold" rating in a research note on Saturday, June 20th. Barclays lowered their price target on shares of AT&T from $26.00 to $24.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 8th. TD Cowen upped their target price on shares of AT&T from $32.00 to $33.00 and gave the stock a "hold" rating in a report on Thursday, July 23rd. Finally, The Goldman Sachs Group set a $30.00 price objective on shares of AT&T in a report on Wednesday, July 22nd. 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. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $29.19.

AT&T Stock Performance

AT&T stock opened at $25.77 on Wednesday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.97 and a quick ratio of 0.93. The firm has a market capitalization of $176.55 billion, a P/E ratio of 8.53, a price-to-earnings-growth ratio of 1.05 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's 50-day moving average is $22.93 and its 200 day moving average is $25.25.

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

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were issued 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 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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