Sonoma Private Wealth LLC Purchases Shares of 55,536 AT&T Inc. $T

Sonoma Private Wealth LLC purchased a new position in shares of AT&T Inc. (NYSE:T) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 55,536 shares of the technology company’s stock, valued at approximately $1,150,000. AT&T accounts for about 1.2% of Sonoma Private Wealth LLC’s holdings, making the stock its 19th largest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Rachor Investment Advisory Services LLC bought a new position in shares of AT&T in the fourth quarter valued at $25,000. Safe Harbor Fiduciary LLC acquired a new position in AT&T during the fourth quarter worth $25,000. Cresta Advisors Ltd. bought a new stake in AT&T during the fourth quarter worth $26,000. Blueline Advisors LLC bought a new stake in AT&T during the fourth quarter worth $26,000. Finally, Winnow Wealth LLC lifted its stake in AT&T by 362.8% in the fourth quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company’s stock valued at $26,000 after acquiring an additional 820 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Sanford C. Bernstein reissued an “outperform” rating and issued a $25.00 price objective on shares of AT&T in a research report on Monday, July 13th. Wolfe Research raised shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 target price on the stock in a report on Thursday, July 23rd. 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. The Goldman Sachs Group set a $30.00 price target on AT&T in a report on Wednesday, July 22nd. Finally, Wall Street Zen upgraded AT&T from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, AT&T has a consensus rating of “Moderate Buy” and a consensus target price of $29.19.

AT&T Stock Up 0.4%

T opened at $25.88 on Thursday. The stock’s fifty day simple moving average is $23.00 and its 200 day simple moving average is $25.24. AT&T Inc. has a 1-year low of $19.89 and a 1-year high of $29.79. The stock has a market cap of $177.34 billion, a PE ratio of 8.57, a price-to-earnings-growth ratio of 1.05 and a beta of 0.23. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06.

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

AT&T Announces Dividend

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

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.