Old Mission Investment Co LLC Takes Position in AT&T Inc. $T

Old Mission Investment Co LLC acquired a new position in shares of AT&T Inc. (NYSE:T) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 21,047 shares of the technology company’s stock, valued at approximately $436,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. IFM Investors Pty Ltd boosted its holdings in shares of AT&T by 5.3% in the first quarter. IFM Investors Pty Ltd now owns 1,488,172 shares of the technology company’s stock valued at $43,142,000 after acquiring an additional 74,684 shares in the last quarter. Parr Mcknight Wealth Management Group LLC acquired a new stake in AT&T in the first quarter worth approximately $2,901,000. World Investment Advisors lifted its position in AT&T by 85.0% in the fourth quarter. World Investment Advisors now owns 338,942 shares of the technology company’s stock worth $8,419,000 after purchasing an additional 155,728 shares during the period. Cerity Partners LLC boosted its stake in AT&T by 3.7% during the 4th quarter. Cerity Partners LLC now owns 1,668,862 shares of the technology company’s stock valued at $41,449,000 after purchasing an additional 59,279 shares in the last quarter. Finally, ING Groep NV boosted its stake in AT&T by 120.3% during the 4th quarter. ING Groep NV now owns 2,050,310 shares of the technology company’s stock valued at $50,930,000 after purchasing an additional 1,119,731 shares in the last quarter. 57.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

T has been the subject of several research analyst reports. Wells Fargo & Company upped their price objective on AT&T from $18.00 to $20.00 and gave the company an “underweight” rating in a report on Thursday, July 23rd. Wall Street Zen raised AT&T from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $25.00 price target on shares of AT&T in a research report on Monday, July 13th. Oppenheimer downgraded shares of AT&T from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 3rd. Finally, Argus reduced their price objective on shares of AT&T from $33.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, AT&T has a consensus rating of “Moderate Buy” and an average price target of $29.19.

AT&T Stock Performance

Shares of T stock opened at $25.70 on Friday. The company has a market capitalization of $176.11 billion, a price-to-earnings ratio of 8.51, a P/E/G ratio of 1.30 and a beta of 0.25. AT&T Inc. has a 1-year low of $19.89 and a 1-year 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. The stock’s fifty day simple moving average is $23.49 and its 200-day simple moving average is $25.16.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, July 22nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $31.56 billion during the quarter, compared to the consensus estimate of $31.80 billion. During the same period in the prior year, the business earned $0.54 EPS. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, sell-side analysts predict that AT&T Inc. will post 2.34 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Friday, July 10th. AT&T’s dividend 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.