Keebeck Wealth Management Buys Shares of 21,749 AT&T Inc. $T

Keebeck Wealth Management bought a new stake in shares of AT&T Inc. (NYSE:T) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 21,749 shares of the technology company’s stock, valued at approximately $450,000.

A number of other institutional investors and hedge funds have also made changes to their positions in T. Blue Capital Inc. bought a new stake in shares of AT&T in the 2nd quarter worth approximately $233,000. Keating Financial Advisory Services Inc. acquired a new position in AT&T during the 2nd quarter valued at approximately $278,000. Encore Global Management LP bought a new position in AT&T during the 2nd quarter worth $828,000. OneAscent Investment Solutions LLC bought a new position in AT&T during the 2nd quarter worth $395,000. Finally, OneAscent Wealth Management LLC acquired a new stake in AT&T in the second quarter worth $556,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on T shares. The Goldman Sachs Group set a $30.00 target price on AT&T in a research note on Wednesday, July 22nd. Argus dropped their price objective on shares of AT&T from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Wolfe Research upgraded shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price objective on the stock in a research report on Thursday, July 23rd. Sanford C. Bernstein reiterated an “outperform” rating and issued a $25.00 price objective on shares of AT&T in a research report on Monday, July 13th. Finally, Weiss Ratings raised shares of AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $29.19.

AT&T Stock Up 1.6%

T opened at $25.70 on Tuesday. The stock’s 50 day moving average price is $22.88 and its 200 day moving average price is $25.26. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.97 and a quick ratio of 0.93. The stock has a market cap of $176.13 billion, a P/E ratio of 8.51, a P/E/G ratio of 1.03 and a beta of 0.23. AT&T Inc. has a 12 month low of $19.89 and a 12 month high of $29.79.

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

AT&T Announces Dividend

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