Strategic Global Advisors LLC Makes New $5.11 Million Investment in AT&T Inc. $T

Strategic Global Advisors LLC acquired a new position in shares of AT&T Inc. (NYSE:T) during the 2nd quarter, Holdings Channel reports. The fund acquired 246,636 shares of the technology company’s stock, valued at approximately $5,105,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in T. Rachor Investment Advisory Services LLC purchased 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. acquired a new stake in AT&T in the 4th quarter worth about $26,000. Blueline Advisors LLC purchased a new stake in AT&T in the 4th quarter valued at about $26,000. Finally, Winnow Wealth LLC grew 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 buying an additional 820 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

Shares of NYSE:T opened at $25.88 on Thursday. The firm has a market capitalization of $177.34 billion, a PE ratio of 8.57, a P/E/G ratio of 1.05 and a beta of 0.23. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.97 and a quick ratio of 0.93. The business has a 50-day moving average of $23.00 and a two-hundred day moving average of $25.24. AT&T Inc. has a 12 month low of $19.89 and a 12 month high of $29.79.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, July 22nd. The technology company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.06. AT&T had a return on equity of 12.86% and a net margin of 16.94%.The business had revenue of $31.56 billion for the quarter, compared to analyst estimates of $31.80 billion. During the same period in the previous year, the company posted $0.54 EPS. The company’s revenue 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, research analysts forecast that AT&T Inc. will post 2.34 earnings per share for the current year.

AT&T Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have recently weighed in on T. Sanford C. Bernstein reiterated an “outperform” rating and set a $25.00 price objective on shares of AT&T in a report on Monday, July 13th. Wall Street Zen upgraded shares of AT&T from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. Argus dropped their price target on shares of AT&T from $33.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. Weiss Ratings raised shares of AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 3rd. Finally, Wells Fargo & Company increased their price target on shares of AT&T from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price 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.