590,868 Shares in AT&T Inc. $T Bought by Munich Reinsurance Co Stock Corp in Munich

Munich Reinsurance Co Stock Corp in Munich acquired a new stake in AT&T Inc. (NYSE:T) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 590,868 shares of the technology company’s stock, valued at approximately $12,231,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in T. Tudor Financial Inc. lifted its stake in AT&T by 1,381.0% in the 2nd quarter. Tudor Financial Inc. now owns 15,891 shares of the technology company’s stock valued at $329,000 after purchasing an additional 14,818 shares during the last quarter. Wheelhouse Advisory Group LLC increased its position in AT&T by 4.7% during the 2nd quarter. Wheelhouse Advisory Group LLC now owns 18,658 shares of the technology company’s stock worth $386,000 after buying an additional 834 shares during the period. TD Waterhouse Canada Inc. raised its stake in AT&T by 14.2% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,513,051 shares of the technology company’s stock worth $31,025,000 after purchasing an additional 187,740 shares in the last quarter. United Community Bank boosted its stake in shares of AT&T by 2.7% in the second quarter. United Community Bank now owns 86,120 shares of the technology company’s stock valued at $1,783,000 after buying an additional 2,241 shares during the period. Finally, Kickstand Ventures LLC. grew its holdings in shares of AT&T by 96.9% during the 2nd quarter. Kickstand Ventures LLC. now owns 23,980 shares of the technology company’s stock worth $496,000 after purchasing an additional 11,800 shares in the last quarter. 57.10% of the stock is owned by institutional investors.

AT&T Trading Down 1.9%

Shares of T opened at $25.70 on Friday. AT&T Inc. has a twelve month low of $19.89 and a twelve month 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. The stock has a market cap of $176.11 billion, a PE ratio of 8.51, a P/E/G ratio of 1.30 and a beta of 0.25. The business’s 50-day moving average price is $23.49 and its 200-day moving average price is $25.16.

AT&T (NYSE:T) last released its quarterly earnings results 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 firm posted $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, equities analysts forecast that AT&T Inc. will post 2.34 EPS for the current fiscal year.

AT&T Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on T. Scotiabank decreased their price objective on shares of AT&T from $31.00 to $29.25 and set a “sector perform” rating on the stock in a research note on Wednesday, July 15th. Weiss Ratings raised shares of AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 3rd. Morgan Stanley boosted their price target on AT&T from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Argus cut their price target on AT&T from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $25.00 target price on shares of AT&T in a report on Monday, July 13th. 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 given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.19.

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.