PDT Partners LLC Acquires New Position in AT&T Inc. $T

PDT Partners LLC acquired a new stake in shares of AT&T Inc. (NYSE:T) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,800 shares of the technology company’s stock, valued at approximately $575,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Safe Harbor Fiduciary LLC bought a new position in shares of AT&T in the fourth quarter worth $25,000. Cresta Advisors Ltd. bought a new stake in shares of AT&T during the 4th quarter valued at $26,000. Blueline Advisors LLC bought a new stake in shares of AT&T during the 4th quarter valued at $26,000. Winnow Wealth LLC lifted its holdings in AT&T by 362.8% during the 4th quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company’s stock worth $26,000 after purchasing an additional 820 shares in the last quarter. Finally, Addison Advisors LLC purchased a new stake in AT&T during the 2nd quarter worth about $27,000. Institutional investors own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on T. Royal Bank Of Canada cut their target price on AT&T from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Monday, July 20th. Wells Fargo & Company upped their price target on AT&T from $18.00 to $20.00 and gave the company an “underweight” rating in a research report on Thursday, July 23rd. Morgan Stanley increased their price target on shares of AT&T from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Wall Street Zen upgraded shares of AT&T from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. Finally, Wolfe Research raised shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price objective for the company in a research note on Thursday, July 23rd. 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 assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $29.19.

AT&T Price Performance

NYSE:T opened at $25.42 on Friday. The firm has a market capitalization of $174.16 billion, a price-to-earnings ratio of 8.42, a P/E/G ratio of 1.05 and a beta of 0.23. AT&T Inc. has a 52-week low of $19.89 and a 52-week high of $29.79. The stock has a fifty day moving average of $23.06 and a 200 day moving average of $25.23. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.93 and a current ratio of 0.97.

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

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were given a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.4%. The ex-dividend date was Friday, July 10th. AT&T’s dividend payout ratio is 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.