Perryman Financial Advisory Inc. AD Purchases Shares of 23,114 AT&T Inc. $T

Perryman Financial Advisory Inc. AD acquired a new stake in shares of AT&T Inc. (NYSE:T) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 23,114 shares of the technology company’s stock, valued at approximately $574,000.

A number of other institutional investors and hedge funds have also made changes to their positions in T. GGM Financials LLC purchased a new position in shares of AT&T in the 3rd quarter worth $25,000. Rachor Investment Advisory Services LLC purchased a new stake in AT&T during the fourth quarter valued at about $25,000. Cresta Advisors Ltd. acquired a new stake in AT&T during the fourth quarter worth about $26,000. Blueline Advisors LLC acquired a new stake in AT&T during the fourth quarter worth about $26,000. Finally, Winnow Wealth LLC raised its holdings in shares of AT&T by 362.8% in the 4th quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company’s stock worth $26,000 after purchasing an additional 820 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Price Performance

Shares of T stock opened at $23.54 on Monday. The firm has a fifty day simple moving average of $25.32 and a 200-day simple moving average of $25.86. The company has a market capitalization of $163.56 billion, a PE ratio of 7.90, a price-to-earnings-growth ratio of 0.98 and a beta of 0.21. AT&T Inc. has a twelve month low of $22.32 and a twelve month high of $29.79. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 1.05.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.02. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The firm had revenue of $31.51 billion for the quarter, compared to the consensus estimate of $31.29 billion. During the same quarter in the previous year, the firm posted $0.51 EPS. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities research analysts anticipate that AT&T Inc. will post 2.31 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Friday, April 10th were given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend was Friday, April 10th. AT&T’s payout ratio is presently 37.25%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on T shares. Scotiabank reduced their price objective on AT&T from $31.50 to $31.00 and set a “sector perform” rating on the stock in a research note on Thursday, April 23rd. Wall Street Zen downgraded shares of AT&T from a “hold” rating to a “sell” rating in a research report on Saturday, May 30th. Royal Bank Of Canada restated an “outperform” rating and issued a $31.00 price target on shares of AT&T in a report on Wednesday, May 20th. Citigroup lifted their price target on shares of AT&T from $29.00 to $31.50 and gave the company a “buy” rating in a research report on Monday, March 23rd. Finally, BNP Paribas Exane decreased their price objective on shares of AT&T from $28.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $30.55.

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.