First Nebraska Trust Co Invests $479,000 in AT&T Inc. $T

First Nebraska Trust Co purchased a new position in AT&T Inc. (NYSE:T) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 23,126 shares of the technology company’s stock, valued at approximately $479,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Kendall Capital Management bought a new position in AT&T during the 2nd quarter worth $228,000. Hudson Portfolio Management LLC bought a new stake in AT&T in the second quarter valued at $604,000. Compass Financial Management LLC bought a new stake in AT&T in the second quarter valued at $519,000. Elevation Point Wealth Partners LLC acquired a new position in shares of AT&T during the second quarter valued at $6,162,000. Finally, Alta Advisers Ltd acquired a new position in shares of AT&T during the second quarter valued at $568,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Up 0.3%

AT&T stock opened at $25.77 on Wednesday. The stock has a market cap of $176.55 billion, a price-to-earnings ratio of 8.53, a PEG 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. The company’s 50-day moving average price is $22.93 and its two-hundred day moving average price is $25.25. AT&T Inc. has a 52 week low of $19.89 and a 52 week high of $29.79.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. The company had revenue of $31.56 billion for the quarter, compared to the consensus estimate of $31.80 billion. AT&T had a net margin of 16.94% and a return on equity of 12.86%. AT&T’s revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.54 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, analysts expect that AT&T Inc. will post 2.34 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were issued a dividend of $0.2775 per share. 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 payout ratio is presently 36.75%.

Analysts Set New Price Targets

T has been the topic of a number of analyst reports. Wells Fargo & Company increased their price objective on shares of AT&T from $18.00 to $20.00 and gave the stock an “underweight” rating in a report on Thursday, July 23rd. The Goldman Sachs Group set a $30.00 target price on shares of AT&T in a research note on Wednesday, July 22nd. TD Cowen upped their target price on shares of AT&T from $32.00 to $33.00 and gave the stock a “hold” rating in a research report on Thursday, July 23rd. 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 note on Wednesday, July 15th. Finally, Weiss Ratings raised AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, AT&T currently has a consensus rating of “Moderate Buy” and an average price target of $29.19.

AT&T 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.