Hudson Portfolio Management LLC Invests $604,000 in AT&T Inc. $T

Hudson Portfolio Management LLC bought a new position in shares of AT&T Inc. (NYSE:T) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 29,181 shares of the technology company’s stock, valued at approximately $604,000.

Several other institutional investors have also bought and sold shares of the stock. Rachor Investment Advisory Services LLC acquired a new stake in shares of AT&T in the 4th quarter valued at $25,000. Safe Harbor Fiduciary LLC bought a new stake in shares of AT&T in the 4th quarter worth about $25,000. Cresta Advisors Ltd. acquired a new stake in shares of AT&T during the 4th quarter worth about $26,000. Blueline Advisors LLC acquired a new stake in shares of AT&T during the 4th quarter worth about $26,000. Finally, Winnow Wealth LLC lifted its holdings in AT&T by 362.8% during the 4th quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company’s stock valued at $26,000 after purchasing an additional 820 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Performance

AT&T stock opened at $25.77 on Wednesday. The stock has a 50-day simple moving average of $22.93 and a 200 day simple moving average of $25.25. The stock has a market capitalization of $176.55 billion, a price-to-earnings ratio of 8.53, a P/E/G ratio of 1.05 and a beta of 0.23. 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 12-month low of $19.89 and a 12-month high of $29.79.

AT&T (NYSE:T) last issued its quarterly earnings data 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 firm had revenue of $31.56 billion for the quarter, compared to analyst estimates of $31.80 billion. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The company’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.54 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, research analysts anticipate that AT&T Inc. will post 2.34 earnings per share for the current fiscal year.

AT&T Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on T shares. Sanford C. Bernstein restated an “outperform” rating and issued a $25.00 price target on shares of AT&T in a research report on Monday, July 13th. The Goldman Sachs Group set a $30.00 price objective on shares of AT&T in a report on Wednesday, July 22nd. Wells Fargo & Company lifted their target price on shares of AT&T from $18.00 to $20.00 and gave the company an “underweight” rating in a research note on Thursday, July 23rd. TD Cowen boosted their target price on AT&T from $32.00 to $33.00 and gave the stock a “hold” rating in a report on Thursday, July 23rd. Finally, Scotiabank decreased their price target on AT&T from $31.00 to $29.25 and set a “sector perform” rating on the stock in a research report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $29.19.

AT&T Company 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.