Pure Financial Advisors LLC Makes New Investment in AT&T Inc. $T

Pure Financial Advisors LLC bought a new stake in AT&T Inc. (NYSE:T) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 50,057 shares of the technology company’s stock, valued at approximately $1,036,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Transamerica Financial Advisors LLC acquired a new stake in shares of AT&T in the 2nd quarter valued at approximately $343,000. Corient Private Wealth LP bought a new stake in AT&T in the 2nd quarter valued at $46,653,000. Perennial Investment Advisors LLC bought a new position in shares of AT&T during the second quarter worth about $714,000. Pingora Partners LLC bought a new position in shares of AT&T during the 2nd quarter worth approximately $2,696,000. Finally, Ausdal Financial Partners Inc. bought a new position in AT&T in the second quarter valued at $2,523,000. Institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

Shares of NYSE T opened at $25.88 on Thursday. The firm has a market cap of $177.34 billion, a P/E ratio of 8.57, a price-to-earnings-growth ratio of 1.05 and a beta of 0.23. 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 Inc. has a 1-year low of $19.89 and a 1-year high of $29.79. The business’s 50 day moving average is $23.00 and its 200-day moving average is $25.24.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.06. AT&T had a return on equity of 12.86% and a net margin of 16.94%.The business had revenue of $31.56 billion during the quarter, compared to the consensus estimate of $31.80 billion. During the same period in the previous year, the company posted $0.54 EPS. The firm’s quarterly 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. Equities research analysts predict that AT&T Inc. will post 2.34 earnings per share for the current year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were paid a $0.2775 dividend. The ex-dividend date was Friday, July 10th. This represents a $1.11 annualized dividend and a yield of 4.3%. AT&T’s payout ratio is 36.75%.

Analyst Ratings Changes

Several research firms have weighed in on T. Wolfe Research raised AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price target on the stock in a research report on Thursday, July 23rd. Royal Bank Of Canada cut their price objective on AT&T from $31.00 to $27.00 and set an “outperform” rating for the company in a report on Monday, July 20th. The Goldman Sachs Group set a $30.00 target price on shares of AT&T in a report on Wednesday, July 22nd. Scotiabank dropped their price target on shares of AT&T from $31.00 to $29.25 and set a “sector perform” rating on the stock in a research report on Wednesday, July 15th. Finally, Wall Street Zen upgraded shares of AT&T from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $29.19.

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.