Odyssean LLC Makes New $1.04 Million Investment in AT&T Inc. $T

Odyssean LLC bought a new position in shares of AT&T Inc. (NYSE:T) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 50,053 shares of the technology company’s stock, valued at approximately $1,036,000.

A number of other institutional investors also recently modified their holdings of T. Rachor Investment Advisory Services LLC bought a new position in AT&T during the fourth quarter worth about $25,000. Safe Harbor Fiduciary LLC acquired a new stake in AT&T in the 4th quarter worth about $25,000. Cresta Advisors Ltd. bought a new stake in AT&T in the 4th quarter valued at about $26,000. Blueline Advisors LLC bought a new stake in AT&T in the 4th quarter valued at about $26,000. Finally, Winnow Wealth LLC boosted its holdings in AT&T by 362.8% in 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 period. Institutional investors own 57.10% of the company’s stock.

AT&T Trading Up 0.4%

T opened at $25.88 on Thursday. The stock has a market capitalization of $177.34 billion, a price-to-earnings 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. The company has a 50-day simple moving average of $23.00 and a 200 day simple moving average of $25.24.

AT&T (NYSE:T) last released its earnings results on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, beating the consensus estimate 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 business’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the firm earned $0.54 EPS. 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 Dividend Announcement

The company 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. This represents a $1.11 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Friday, July 10th. AT&T’s dividend payout ratio (DPR) is 36.75%.

Analyst Ratings Changes

Several brokerages have recently commented on T. Scotiabank lowered their target price on shares of AT&T from $31.00 to $29.25 and set a “sector perform” rating on the stock in a report on Wednesday, July 15th. Wall Street Zen upgraded AT&T from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Sanford C. Bernstein reissued an “outperform” rating and set a $25.00 price target on shares of AT&T in a research report on Monday, July 13th. Argus reduced their price target on AT&T from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. Finally, Wolfe Research upgraded AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price objective on the stock in a research note on Thursday, July 23rd. One 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $29.19.

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.