Trust Co. of Vermont Acquires Shares of 91,961 AT&T Inc. $T

Key Points

• Trust Co. of Vermont acquired 91,961 AT&T shares during the second quarter, valued at approximately $1.9 million. Institutional investors and hedge funds collectively own 57.1% of AT&T.
• AT&T reported quarterly EPS of $0.65, exceeding the $0.59 consensus estimate, while revenue rose 2.3% year over year to $31.56 billion. The company maintains a quarterly dividend of $0.2775 per share, equivalent to a 4.4% annualized yield.
• Analysts’ consensus rating is “Moderate Buy”, with an average price target of $29.19 versus the reported share price of $25.33. Targets range from $20 to $30, reflecting both optimism about growth and concerns over competition and leverage.

Trust Co. of Vermont acquired a new stake in shares of AT&T Inc. (NYSE:T - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 91,961 shares of the technology company's stock, valued at approximately $1,904,000.

A number of other institutional investors have also made changes to their positions in the company. Fairway Wealth LLC acquired a new stake in AT&T during the 1st quarter valued at $29,000. Robinswood Financial LLC purchased a new stake in AT&T during the 1st quarter worth $29,000. Safe Harbor Fiduciary LLC acquired a new position in AT&T in the 4th quarter worth $25,000. Rachor Investment Advisory Services LLC acquired a new position in AT&T in the 4th quarter worth $25,000. Finally, Cresta Advisors Ltd. purchased a new position in AT&T in the 4th quarter valued at about $26,000. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Price Performance

T opened at $25.33 on Friday. The company has a 50-day moving average of $22.83 and a 200-day moving average of $25.27. The company has a market capitalization of $173.57 billion, a P/E ratio of 8.39, a PEG ratio of 1.03 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 has a debt-to-equity ratio of 1.06, a quick ratio of 0.93 and a current ratio of 0.97.

AT&T (NYSE:T - Get Free Report) last issued its quarterly 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 for 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 company's quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities analysts expect that AT&T Inc. will post 2.34 EPS for the current fiscal year.

AT&T Announces Dividend

The company 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 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Friday, July 10th. AT&T's dividend payout ratio (DPR) is currently 36.75%.

Analysts Set New Price Targets

Several analysts have recently weighed in on T shares. Wells Fargo & Company raised their target price on AT&T from $18.00 to $20.00 and gave the company an "underweight" rating in a research note on Thursday, July 23rd. Barclays cut 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. Argus reduced their price target on AT&T from $33.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, July 23rd. Morgan Stanley lifted their price objective on AT&T from $25.00 to $27.00 and gave the stock an "overweight" rating in a report on Thursday, July 23rd. Finally, The Goldman Sachs Group set a $30.00 target price on AT&T in a research 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 issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $29.19.

More AT&T News

Here are the key news stories impacting AT&T this week:

• Positive Sentiment: AT&T’s post-earnings momentum remains constructive: the company reported quarterly EPS of $0.65 versus the $0.59 consensus estimate, while revenue increased 2.3% year over year. Analysts are watching whether earnings estimates and the stock’s advance can continue. AT&T Up 9.5% Since Last Earnings Report
• Positive Sentiment: AT&T’s Advanced Connectivity business is gaining traction through fiber expansion, customer convergence and rising demand for AI-related network capacity. This supports the company’s longer-term growth outlook and helps offset slower legacy operations. AT&T Rides on Strength in Advanced Connectivity
• Positive Sentiment: A partnership with Hark gives AT&T exposure to emerging AI-native consumer devices. AT&T will invest in Hark and provide connectivity, certification and infrastructure support, potentially creating incremental traffic and device-related revenue opportunities. Hark and AT&T Partner on Connectivity for Future AI Devices
• Positive Sentiment: AT&T reportedly reduced the cost of coding and other AI tasks by as much as 56% by using model-routing tools and open-source systems, with only a modest decline in output quality. Lower internal AI costs could support productivity and margins. AT&T Slashes AI Costs by Adopting Model Routers and Open Source
• Neutral Sentiment: Analysts continue to highlight AT&T as a highly ranked value and income stock, with a roughly 4.5% dividend yield and a low earnings multiple. However, the company’s growth is expected to remain moderate, making customer revenue increases important. AT&T Is a Top-Ranked Value Stock
• Negative Sentiment: Bernstein cautions that SpaceX’s potential telecom ambitions could intensify competition for AT&T, Verizon and T-Mobile. Meanwhile, heavy capital spending, elevated interest rates and industry balance-sheet pressures remain risks. Bernstein Remains Bullish on SpaceX

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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