Coastal Bridge Advisors LLC Invests $1.28 Million in AT&T Inc. $T

Coastal Bridge Advisors LLC bought a new stake in AT&T Inc. (NYSE:T) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 61,745 shares of the technology company’s stock, valued at approximately $1,278,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tsfg LLC grew its stake in AT&T by 3.6% in the fourth quarter. Tsfg LLC now owns 10,656 shares of the technology company’s stock valued at $265,000 after acquiring an additional 366 shares during the period. Lifestyle Asset Management Inc. increased its holdings in shares of AT&T by 3.6% during the fourth quarter. Lifestyle Asset Management Inc. now owns 10,511 shares of the technology company’s stock valued at $261,000 after acquiring an additional 368 shares in the last quarter. Hillsdale Investment Management Inc. raised its position in shares of AT&T by 1.2% during the fourth quarter. Hillsdale Investment Management Inc. now owns 31,970 shares of the technology company’s stock worth $794,000 after purchasing an additional 370 shares during the period. Bruce G. Allen Investments LLC raised its position in shares of AT&T by 1.7% during the fourth quarter. Bruce G. Allen Investments LLC now owns 22,398 shares of the technology company’s stock worth $556,000 after purchasing an additional 374 shares during the period. Finally, Rockline Wealth Management LLC lifted its holdings in shares of AT&T by 3.8% in the 4th quarter. Rockline Wealth Management LLC now owns 10,445 shares of the technology company’s stock worth $259,000 after purchasing an additional 378 shares in the last quarter. 57.10% of the stock is owned by institutional investors.

AT&T Stock Down 1.8%

Shares of NYSE:T opened at $25.42 on Friday. The stock has a market cap of $174.16 billion, a price-to-earnings ratio of 8.42, a PEG 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. The business’s 50 day moving average is $23.06 and its 200 day moving average is $25.23.

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, topping the consensus estimate of $0.59 by $0.06. The business had revenue of $31.56 billion during the quarter, compared to the consensus estimate of $31.80 billion. AT&T had a return on equity of 12.86% and a net margin of 16.94%.AT&T’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.54 earnings per share. 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 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were paid a $0.2775 dividend. The ex-dividend date was Friday, July 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.4%. AT&T’s dividend payout ratio is presently 36.75%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. 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 research report on Thursday, July 23rd. Wall Street Zen upgraded shares of AT&T from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. 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. 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. Finally, Morgan Stanley boosted their target price on shares of AT&T from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. One investment 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $29.19.

AT&T 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.