Red Door Wealth Management LLC Purchases 35,126 Shares of AT&T Inc. $T

Red Door Wealth Management LLC increased its position in shares of AT&T Inc. (NYSE:T) by 33.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 141,459 shares of the technology company’s stock after buying an additional 35,126 shares during the period. Red Door Wealth Management LLC’s holdings in AT&T were worth $4,101,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its position in shares of AT&T by 26.5% in the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock valued at $1,106,000 after acquiring an additional 10,188 shares during the period. Osterweis Capital Management Inc. raised its holdings in shares of AT&T by 4,352.9% in the 2nd quarter. Osterweis Capital Management Inc. now owns 6,234 shares of the technology company’s stock valued at $180,000 after purchasing an additional 6,094 shares during the period. Main Street Financial Solutions LLC raised its holdings in shares of AT&T by 4.0% in the 2nd quarter. Main Street Financial Solutions LLC now owns 26,796 shares of the technology company’s stock valued at $775,000 after purchasing an additional 1,022 shares during the period. HUB Investment Partners LLC lifted its stake in AT&T by 19.6% in the 2nd quarter. HUB Investment Partners LLC now owns 55,730 shares of the technology company’s stock valued at $1,613,000 after purchasing an additional 9,115 shares during the last quarter. Finally, Peapack Gladstone Financial Corp lifted its stake in AT&T by 1.8% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 207,063 shares of the technology company’s stock valued at $5,992,000 after purchasing an additional 3,677 shares during the last quarter. 57.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Citigroup lifted their price target on AT&T from $29.00 to $31.50 and gave the stock a “buy” rating in a report on Monday, March 23rd. Oppenheimer lowered AT&T from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 3rd. Morgan Stanley initiated coverage on AT&T in a research report on Thursday, April 16th. They issued an “overweight” rating and a $30.00 price objective for the company. Weiss Ratings downgraded AT&T from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. Finally, BNP Paribas Exane decreased their target price on AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $30.55.

AT&T Stock Performance

Shares of T stock opened at $22.70 on Monday. AT&T Inc. has a 52 week low of $21.99 and a 52 week high of $29.79. The company has a market capitalization of $157.71 billion, a price-to-earnings ratio of 7.62, a PEG ratio of 0.92 and a beta of 0.21. The company has a 50-day simple moving average of $24.42 and a 200 day simple moving average of $25.65. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.87 and a current ratio of 0.92.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.02. The firm had revenue of $31.51 billion for 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 revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.51 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, sell-side analysts predict that AT&T Inc. will post 2.31 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 10th will be paid a dividend of $0.2775 per share. The ex-dividend date is Friday, July 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.9%. AT&T’s dividend payout ratio (DPR) is 37.25%.

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.