1,716,633 Shares in AT&T Inc. $T Acquired by Cibc World Market Inc.

Cibc World Market Inc. purchased a new stake in AT&T Inc. (NYSE:T) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,716,633 shares of the technology company’s stock, valued at approximately $35,534,000.

Several other hedge funds have also added to or reduced their stakes in T. Satovsky Asset Management LLC acquired a new position in AT&T in the 2nd quarter valued at about $253,000. OMERS ADMINISTRATION Corp acquired a new stake in AT&T during the second quarter worth approximately $10,115,000. Leigh Baldwin & CO. LLC acquired a new stake in AT&T during the second quarter worth approximately $322,000. Osmosis Investment Management UK Ltd bought a new stake in shares of AT&T during the second quarter worth approximately $537,000. Finally, Barbara Oil Co. bought a new stake in shares of AT&T during the second quarter worth approximately $310,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Trading Up 0.3%

Shares of T stock opened at $25.77 on Wednesday. AT&T Inc. has a fifty-two week low of $19.89 and a fifty-two week high of $29.79. The stock’s fifty day moving average price is $22.93 and its two-hundred day moving average price is $25.25. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.93 and a current ratio of 0.97. The company has a market cap of $176.55 billion, a PE ratio of 8.53, a P/E/G ratio of 1.05 and a beta of 0.23.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.59 by $0.06. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The business had revenue of $31.56 billion during the quarter, compared to the consensus estimate of $31.80 billion. During the same quarter in the prior year, the firm earned $0.54 EPS. The firm’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. Equities analysts predict that AT&T Inc. will post 2.34 EPS for the current fiscal year.

AT&T Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on T. Barclays dropped their price target on AT&T from $26.00 to $24.00 and set an “equal weight” rating for the company in a report on Wednesday, July 8th. Scotiabank lowered their price objective on AT&T from $31.00 to $29.25 and set a “sector perform” rating on the stock in a research report on Wednesday, July 15th. Argus dropped their target price on AT&T from $33.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. TD Cowen boosted their target price on shares of AT&T from $32.00 to $33.00 and gave the company a “hold” rating in a research report on Thursday, July 23rd. Finally, Weiss Ratings upgraded shares of AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 3rd. One equities research 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average 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.