33,658 Shares in AT&T Inc. $T Purchased by Magnolia Capital Advisors LLC

Magnolia Capital Advisors LLC acquired a new position in AT&T Inc. (NYSE:T) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 33,658 shares of the technology company’s stock, valued at approximately $697,000.

A number of other institutional investors have also recently bought and sold shares of the business. Rachor Investment Advisory Services LLC bought a new position in shares of AT&T during the fourth quarter worth approximately $25,000. Safe Harbor Fiduciary LLC bought a new stake in shares of AT&T in the fourth quarter valued at approximately $25,000. Cresta Advisors Ltd. acquired a new stake in AT&T during the fourth quarter worth approximately $26,000. Blueline Advisors LLC bought a new position in AT&T during the 4th quarter worth $26,000. Finally, Winnow Wealth LLC increased its stake in AT&T by 362.8% during the 4th quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company’s stock worth $26,000 after acquiring an additional 820 shares during the period. Institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

Shares of T stock opened at $25.88 on Thursday. The business has a fifty day simple moving average of $23.00 and a 200 day simple moving average of $25.24. The company has a market cap of $177.34 billion, a P/E ratio of 8.57, 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 twelve month low of $19.89 and a twelve month high of $29.79.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.06. The company 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 firm’s revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.54 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, sell-side analysts forecast that AT&T Inc. will post 2.34 EPS for the current fiscal year.

AT&T Dividend Announcement

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

Analysts Set New Price Targets

T has been the subject of a number of recent analyst reports. Sanford C. Bernstein reiterated an “outperform” rating and set a $25.00 target price on shares of AT&T in a research report on Monday, July 13th. Weiss Ratings upgraded AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 3rd. Royal Bank Of Canada dropped their price target on AT&T from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Monday, July 20th. Scotiabank cut their price objective 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. Finally, Morgan Stanley increased their price objective on shares of AT&T from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.