209,509 Shares in AT&T Inc. $T Purchased by Equitable Holdings Inc.

Equitable Holdings Inc. acquired a new stake in AT&T Inc. (NYSE:T) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 209,509 shares of the technology company’s stock, valued at approximately $4,337,000.

Other hedge funds also recently made changes to their positions in the company. Tsfg LLC boosted its position in AT&T by 3.6% during the fourth quarter. Tsfg LLC now owns 10,656 shares of the technology company’s stock worth $265,000 after purchasing an additional 366 shares during the period. Lifestyle Asset Management Inc. raised its position in shares of AT&T by 3.6% in the fourth quarter. Lifestyle Asset Management Inc. now owns 10,511 shares of the technology company’s stock valued at $261,000 after purchasing an additional 368 shares during the period. Hillsdale Investment Management Inc. lifted its stake in shares of AT&T by 1.2% during the 4th quarter. Hillsdale Investment Management Inc. now owns 31,970 shares of the technology company’s stock worth $794,000 after buying an additional 370 shares during the last quarter. Bruce G. Allen Investments LLC boosted its holdings in shares of AT&T by 1.7% during the 4th quarter. Bruce G. Allen Investments LLC now owns 22,398 shares of the technology company’s stock worth $556,000 after buying an additional 374 shares during the period. Finally, Rockline Wealth Management LLC boosted its holdings in shares of AT&T by 3.8% during the 4th quarter. Rockline Wealth Management LLC now owns 10,445 shares of the technology company’s stock worth $259,000 after buying an additional 378 shares during the period. 57.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Wall Street Zen upgraded shares of AT&T from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. TD Cowen upped their price objective on AT&T from $32.00 to $33.00 and gave the company a “hold” rating in a report on Thursday, July 23rd. Royal Bank Of Canada lowered their price objective on AT&T from $31.00 to $27.00 and set an “outperform” rating on the stock in a research report on Monday, July 20th. Wells Fargo & Company boosted their target price on shares of AT&T from $18.00 to $20.00 and gave the company an “underweight” rating in a research report on Thursday, July 23rd. Finally, Barclays lowered their price target on shares of AT&T from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 8th. One investment 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 stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $29.19.

AT&T Trading Down 1.8%

T opened at $25.42 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 1.06. AT&T Inc. has a twelve month low of $19.89 and a twelve month high of $29.79. The stock has a market capitalization of $174.16 billion, a price-to-earnings ratio of 8.42, a P/E/G ratio of 1.05 and a beta of 0.23. The company has a 50-day simple moving average of $23.06 and a 200 day simple moving average of $25.23.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The company had revenue of $31.56 billion during the quarter, compared to the consensus estimate of $31.80 billion. During the same quarter in the prior 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. Analysts predict that AT&T Inc. will post 2.34 EPS for the current fiscal 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 given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Friday, July 10th. AT&T’s dividend payout ratio is currently 36.75%.

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.