34,511 Shares in AT&T Inc. $T Acquired by Perennial Investment Advisors LLC

Perennial Investment Advisors LLC bought a new stake in AT&T Inc. (NYSE:T) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 34,511 shares of the technology company’s stock, valued at approximately $714,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pingora Partners LLC bought a new stake in AT&T in the second quarter valued at $2,696,000. Ausdal Financial Partners Inc. bought a new stake in shares of AT&T during the second quarter valued at approximately $2,523,000. Bank of America Corp DE acquired a new position in shares of AT&T during the second quarter worth approximately $2,310,898,000. Bcwm LLC acquired a new stake in AT&T in the 2nd quarter valued at $5,987,000. Finally, Birmingham Capital Management Co. Inc. AL acquired a new position in AT&T during the second quarter worth $205,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Trading Up 0.4%

Shares of T stock opened at $25.88 on Thursday. AT&T Inc. has a 12-month low of $19.89 and a 12-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 company has a 50 day moving average of $23.00 and a 200-day moving average of $25.24. The firm has a market cap of $177.34 billion, a P/E ratio of 8.57, a PEG ratio of 1.05 and a beta of 0.23.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.59 by $0.06. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The business had revenue of $31.56 billion for the quarter, compared to the consensus estimate of $31.80 billion. During the same period in the prior year, the firm earned $0.54 earnings per share. The company’s revenue was up 2.3% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Sell-side analysts anticipate that AT&T Inc. will post 2.34 earnings per share for the current 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 issued a $0.2775 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.3%. AT&T’s dividend payout ratio is presently 36.75%.

Analysts Set New Price Targets

T has been the topic of a number of analyst reports. Morgan Stanley upped their target price on shares of AT&T from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Royal Bank Of Canada decreased their price target on AT&T from $31.00 to $27.00 and set an “outperform” rating for the company in a report on Monday, July 20th. The Goldman Sachs Group set a $30.00 price objective on AT&T in a research note on Wednesday, July 22nd. Wolfe Research raised shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price target on the stock in a research report on Thursday, July 23rd. Finally, 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. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.