Vontobel Holding Ltd. Acquires 682,512 Shares of AT&T Inc. $T

Key Points

• Vontobel Holding increased its AT&T stake by 28.6% in the second quarter, purchasing 682,512 shares for a total holding of 3.07 million shares valued at approximately $63.45 million. Institutional investors collectively own 57.1% of AT&T.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $29.19, although several firms recently lowered their targets. AT&T shares opened at $24.94, up 1.0%.
• 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 4.5% annualized yield.

Vontobel Holding Ltd. raised its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 28.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,065,224 shares of the technology company's stock after purchasing an additional 682,512 shares during the period. Vontobel Holding Ltd.'s holdings in AT&T were worth $63,450,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Rachor Investment Advisory Services LLC bought a new position in shares of AT&T during the fourth quarter valued at $25,000. Safe Harbor Fiduciary LLC bought a new stake in AT&T in the 4th quarter worth about $25,000. Cresta Advisors Ltd. purchased a new position in AT&T in the 4th quarter worth about $26,000. Blueline Advisors LLC bought a new position in AT&T during the 4th quarter valued at about $26,000. Finally, Winnow Wealth LLC lifted its stake in AT&T by 362.8% during the 4th quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company's stock valued at $26,000 after acquiring an additional 820 shares during the period. Hedge funds and other institutional investors own 57.10% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Wall Street Zen raised shares of AT&T from a "sell" rating to a "hold" rating in a report on Saturday, June 20th. The Goldman Sachs Group set a $30.00 price objective on shares of AT&T in a report on Wednesday, July 22nd. Royal Bank Of Canada dropped their target price on shares of AT&T from $31.00 to $27.00 and set an "outperform" rating on the stock in a report on Monday, July 20th. BNP Paribas Exane cut their target price on shares of AT&T from $28.00 to $26.00 and set a "neutral" rating for the company in a research report on Thursday, April 23rd. Finally, Barclays decreased their target price on shares of 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. 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 issued a Sell rating to the company. According to MarketBeat, AT&T has a consensus rating of "Moderate Buy" and a consensus target price of $29.19.

AT&T Trading Up 1.0%

AT&T stock opened at $24.94 on Wednesday. The business has a 50-day simple moving average of $22.71 and a two-hundred day simple moving average of $25.28. The company has a market cap of $170.87 billion, a P/E ratio of 8.26, a P/E/G ratio of 1.01 and a beta of 0.23. 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 issued its quarterly earnings data on Wednesday, July 22nd. The technology company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.06. The firm 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 business's quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.54 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Analysts predict that AT&T Inc. will post 2.34 EPS for the current year.

AT&T Dividend Announcement

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 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Friday, July 10th. AT&T's dividend payout ratio is currently 36.75%.

AT&T Company Profile

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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