Signal Advisors Wealth LLC Purchases 25,212 Shares of AT&T Inc. $T

Signal Advisors Wealth LLC lifted its position in shares of AT&T Inc. (NYSE:T) by 151.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 41,841 shares of the technology company’s stock after acquiring an additional 25,212 shares during the quarter. Signal Advisors Wealth LLC’s holdings in AT&T were worth $1,213,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in T. Essex Bank increased its position in AT&T by 2.5% in the first quarter. Essex Bank now owns 15,908 shares of the technology company’s stock worth $461,000 after purchasing an additional 385 shares during the period. Worth Asset Management LLC boosted its stake in shares of AT&T by 22.8% in the 1st quarter. Worth Asset Management LLC now owns 13,407 shares of the technology company’s stock valued at $389,000 after purchasing an additional 2,487 shares during the last quarter. Sovereign Financial Group Inc. boosted its stake in shares of AT&T by 2.4% in the 1st quarter. Sovereign Financial Group Inc. now owns 37,305 shares of the technology company’s stock valued at $1,081,000 after purchasing an additional 865 shares during the last quarter. Viewpoint Capital Management LLC grew its position in shares of AT&T by 5.4% during the 1st quarter. Viewpoint Capital Management LLC now owns 50,883 shares of the technology company’s stock worth $1,475,000 after buying an additional 2,608 shares during the period. Finally, SVB Wealth LLC grew its position in shares of AT&T by 2.5% during the 1st quarter. SVB Wealth LLC now owns 86,477 shares of the technology company’s stock worth $2,507,000 after buying an additional 2,104 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on T shares. Arete Research upgraded shares of AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price objective on the stock in a report on Tuesday, March 10th. Weiss Ratings cut shares of AT&T from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. BNP Paribas Exane decreased their price target on shares of AT&T from $28.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. Scotiabank reduced their target price on AT&T from $31.50 to $31.00 and set a “sector perform” rating on the stock in a report on Thursday, April 23rd. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $31.00 price target on shares of AT&T in a report on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, AT&T presently has a consensus rating of “Moderate Buy” and an average target price of $30.55.

AT&T Trading Up 3.4%

NYSE:T opened at $22.85 on Wednesday. AT&T Inc. has a twelve month low of $21.99 and a twelve month high of $29.79. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 1.05. The business has a 50 day moving average price of $24.61 and a two-hundred day moving average price of $25.70. The company has a market cap of $158.77 billion, a P/E ratio of 7.67, a price-to-earnings-growth ratio of 0.92 and a beta of 0.21.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.02. The company had revenue of $31.51 billion during the quarter, compared to analysts’ expectations of $31.29 billion. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the business earned $0.51 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, analysts expect that AT&T Inc. will post 2.31 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Friday, April 10th were given a dividend of $0.2775 per share. The ex-dividend date of this dividend was Friday, April 10th. This represents a $1.11 annualized dividend and a yield of 4.9%. AT&T’s payout ratio is 37.25%.

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.