Gallagher Fiduciary Advisors LLC Invests $746,000 in AT&T Inc. $T

Gallagher Fiduciary Advisors LLC purchased a new position in shares of AT&T Inc. (NYSE:T) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 36,061 shares of the technology company’s stock, valued at approximately $746,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of T. State Street Corp boosted its stake in shares of AT&T by 2.6% during the fourth quarter. State Street Corp now owns 332,089,723 shares of the technology company’s stock valued at $8,249,109,000 after purchasing an additional 8,314,678 shares during the period. Bank of America Corp DE increased its stake in AT&T by 4.6% in the 1st quarter. Bank of America Corp DE now owns 125,191,700 shares of the technology company’s stock worth $3,629,307,000 after buying an additional 5,449,222 shares during the period. Norges Bank bought a new stake in AT&T during the 4th quarter valued at about $2,181,977,000. Bank of New York Mellon Corp boosted its position in AT&T by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 75,323,574 shares of the technology company’s stock valued at $1,559,198,000 after buying an additional 2,559,065 shares during the period. Finally, GQG Partners LLC purchased a new stake in AT&T in the 2nd quarter valued at about $1,223,364,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Trading Up 0.4%

NYSE T opened at $25.88 on Thursday. 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 capitalization of $177.34 billion, a price-to-earnings ratio of 8.57, a price-to-earnings-growth ratio of 1.05 and a beta of 0.23. The company’s 50-day simple moving average is $23.00 and its two-hundred day simple moving average is $25.24. AT&T Inc. has a one year low of $19.89 and a one year high of $29.79.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share for the quarter, topping 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 firm had revenue of $31.56 billion during the quarter, compared to analysts’ expectations of $31.80 billion. During the same quarter in the prior year, the company earned $0.54 EPS. The company’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 forecast that AT&T Inc. will post 2.34 EPS for the current fiscal year.

AT&T Announces Dividend

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

Analyst Upgrades and Downgrades

T has been the topic of a number of research reports. Wells Fargo & Company raised their target price on shares of AT&T from $18.00 to $20.00 and gave the stock an “underweight” rating in a research report on Thursday, July 23rd. TD Cowen increased their price objective on AT&T from $32.00 to $33.00 and gave the stock a “hold” rating in a research note on Thursday, July 23rd. Argus reduced their price objective on AT&T from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Morgan Stanley raised their price objective on AT&T from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. 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 given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.