26,883 Shares in AT&T Inc. $T Purchased by OneAscent Wealth Management LLC

OneAscent Wealth Management LLC acquired a new stake in AT&T Inc. (NYSE:T) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 26,883 shares of the technology company’s stock, valued at approximately $556,000.

A number of other large investors also recently bought and sold shares of T. Rachor Investment Advisory Services LLC purchased a new stake in shares of AT&T in the 4th quarter valued at approximately $25,000. Safe Harbor Fiduciary LLC purchased a new position in shares of AT&T during the 4th quarter worth approximately $25,000. Cresta Advisors Ltd. purchased a new position in shares of AT&T during the 4th quarter worth approximately $26,000. Blueline Advisors LLC acquired a new stake in AT&T in the 4th quarter valued at approximately $26,000. Finally, Winnow Wealth LLC increased its holdings in AT&T by 362.8% in the 4th quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company’s stock valued at $26,000 after purchasing an additional 820 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Price Performance

AT&T stock opened at $25.70 on Tuesday. The company has a fifty day simple moving average of $22.88 and a 200-day simple moving average of $25.26. The stock has a market cap of $176.13 billion, a P/E ratio of 8.51, a price-to-earnings-growth ratio of 1.03 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. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. The business had revenue of $31.56 billion for the quarter, compared to the consensus estimate of $31.80 billion. AT&T had a return on equity of 12.86% and a net margin of 16.94%.The business’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.54 EPS. 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 business also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were given a $0.2775 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.3%. AT&T’s payout ratio is 36.75%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on T. Wolfe Research raised AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 target price on the stock in a research report on Thursday, July 23rd. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $25.00 price objective on shares of AT&T in a research note on Monday, July 13th. Oppenheimer downgraded AT&T from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 3rd. Morgan Stanley increased their target price on AT&T from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Finally, TD Cowen raised their target price on AT&T from $32.00 to $33.00 and gave the company a “hold” rating in a report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, AT&T has a consensus rating of “Moderate Buy” and a consensus target price of $29.19.

AT&T 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.