Silvant Capital Management LLC Makes New $452,000 Investment in AT&T Inc. $T

Silvant Capital Management LLC bought a new position in shares of AT&T Inc. (NYSE:T) during the second quarter, HoldingsChannel.com reports. The firm bought 21,849 shares of the technology company’s stock, valued at approximately $452,000.

Several other hedge funds also recently made changes to their positions in the business. Fairway Wealth LLC acquired a new position in AT&T in the 1st quarter valued at $29,000. Robinswood Financial LLC acquired a new stake in shares of AT&T during the 1st quarter worth $29,000. Safe Harbor Fiduciary LLC bought a new position in shares of AT&T in the fourth quarter worth $25,000. Rachor Investment Advisory Services LLC acquired a new position in AT&T in the fourth quarter valued at about $25,000. Finally, Cresta Advisors Ltd. acquired a new position in AT&T in the fourth quarter valued at about $26,000. 57.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on T. The Goldman Sachs Group set a $30.00 price objective on shares of AT&T in a research note on Wednesday, July 22nd. Scotiabank dropped their target price on shares of AT&T from $31.00 to $29.25 and set a “sector perform” rating for the company in a research report on Wednesday, July 15th. Wolfe Research raised shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price target for the company in a report on Thursday, July 23rd. TD Cowen increased their price target 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. Finally, Oppenheimer cut shares of AT&T from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $29.19.

AT&T Stock Performance

AT&T stock opened at $25.70 on Tuesday. 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 business’s 50-day moving average price is $22.88 and its two-hundred day moving average price is $25.26. The stock has a market cap of $176.13 billion, a PE ratio of 8.51, a P/E/G ratio of 1.03 and a beta of 0.23.

AT&T (NYSE:T) last posted its 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. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The firm had revenue of $31.56 billion during the quarter, compared to analysts’ expectations of $31.80 billion. During the same quarter in the prior year, the business earned $0.54 earnings per share. The business’s revenue for the quarter 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. As a group, analysts expect that AT&T Inc. will post 2.34 earnings per share 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 paid 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.