Proficio Capital Partners LLC Takes $549,000 Position in AT&T Inc. $T

Proficio Capital Partners LLC acquired a new position in AT&T Inc. (NYSE:T) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 26,527 shares of the technology company’s stock, valued at approximately $549,000.

Several other institutional investors have also recently made changes to their positions in the business. Safe Harbor Fiduciary LLC purchased a new position in AT&T in the 4th quarter worth approximately $25,000. Cresta Advisors Ltd. purchased a new stake in AT&T during the 4th quarter valued at approximately $26,000. Blueline Advisors LLC bought a new stake in shares of AT&T during the fourth quarter valued at approximately $26,000. Winnow Wealth LLC lifted its holdings in shares of AT&T by 362.8% in the fourth quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company’s stock worth $26,000 after buying an additional 820 shares in the last quarter. Finally, Orion Capital Management LLC bought a new position in shares of AT&T during the second quarter worth $26,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

NYSE T opened at $25.98 on Thursday. The business’s 50 day moving average price is $23.36 and its 200-day moving average price is $25.17. AT&T Inc. has a fifty-two week low of $19.89 and a fifty-two week high of $29.79. The company has a market cap of $178.03 billion, a P/E ratio of 8.60, a P/E/G ratio of 1.29 and a beta of 0.25. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.93 and a current ratio of 0.97.

AT&T (NYSE:T) last issued 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. The company had revenue of $31.56 billion during the quarter, compared to the consensus estimate of $31.80 billion. AT&T had a return on equity of 12.86% and a net margin of 16.94%.AT&T’s revenue was up 2.3% on a year-over-year basis. During the same period last year, the company earned $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Sell-side analysts predict that AT&T Inc. will post 2.34 earnings per share for the current year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Friday, July 10th. AT&T’s dividend payout ratio (DPR) is 36.75%.

Analyst Upgrades and Downgrades

T has been the subject of several research analyst reports. The Goldman Sachs Group set a $30.00 target price on shares of AT&T in a research note on Wednesday, July 22nd. Weiss Ratings raised shares of AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 3rd. Oppenheimer lowered AT&T from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 3rd. Wall Street Zen raised AT&T from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. Finally, Barclays decreased their target price on 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 research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.