20,226 Shares in AT&T Inc. $T Bought by Clear Harbor Asset Management LLC

Clear Harbor Asset Management LLC purchased a new stake in AT&T Inc. (NYSE:T) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 20,226 shares of the technology company’s stock, valued at approximately $419,000.

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

Analysts Set New Price Targets

T has been the subject of several recent analyst reports. Argus lowered 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. TD Cowen lifted their price objective on AT&T from $32.00 to $33.00 and gave the company a “hold” rating in a report on Thursday, July 23rd. Weiss Ratings upgraded AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 3rd. Wells Fargo & Company increased their target price on AT&T from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Thursday, July 23rd. Finally, Morgan Stanley raised their target price on shares of AT&T from $25.00 to $27.00 and gave the stock an “overweight” 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 issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, AT&T currently has an average rating of “Moderate Buy” and a consensus target price of $29.19.

AT&T Stock Performance

NYSE:T opened at $25.77 on Wednesday. The stock’s 50-day simple moving average is $22.93 and its 200 day simple moving average is $25.25. The firm has a market capitalization of $176.55 billion, a PE ratio of 8.53, a price-to-earnings-growth ratio of 1.05 and a beta of 0.23. 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 Inc. has a twelve month low of $19.89 and a twelve month high of $29.79.

AT&T (NYSE:T) last released 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. The firm had revenue of $31.56 billion for the quarter, compared to analysts’ expectations 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 previous year, the business posted $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, analysts anticipate 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 issued a dividend of $0.2775 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.3%. AT&T’s payout ratio is 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.