Perryman Financial Advisory Inc. AD Invests $574,000 in AT&T Inc. $T

Perryman Financial Advisory Inc. AD purchased a new position in AT&T Inc. (NYSE:T) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 23,114 shares of the technology company’s stock, valued at approximately $574,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of T. Brighton Jones LLC boosted 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 worth $1,106,000 after buying an additional 10,188 shares in the last quarter. Osterweis Capital Management Inc. increased its holdings in AT&T by 4,352.9% during the 2nd quarter. Osterweis Capital Management Inc. now owns 6,234 shares of the technology company’s stock valued at $180,000 after acquiring an additional 6,094 shares in the last quarter. Main Street Financial Solutions LLC raised its position in AT&T by 4.0% during the second quarter. Main Street Financial Solutions LLC now owns 26,796 shares of the technology company’s stock worth $775,000 after acquiring an additional 1,022 shares during the last quarter. HUB Investment Partners LLC lifted its holdings in shares of AT&T by 19.6% in the second 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 in the last quarter. Finally, Peapack Gladstone Financial Corp lifted its holdings in shares of AT&T by 1.8% in the second 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 in the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Price Performance

T stock opened at $23.54 on Monday. The stock has a market capitalization of $163.56 billion, a price-to-earnings ratio of 7.90, a price-to-earnings-growth ratio of 0.98 and a beta of 0.21. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 1.05. AT&T Inc. has a 52-week low of $22.32 and a 52-week high of $29.79. The stock’s fifty day simple moving average is $25.32 and its 200-day simple moving average is $25.86.

AT&T (NYSE:T) last released its earnings results on Wednesday, April 22nd. The technology company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.55 by $0.02. AT&T had a return on equity of 12.49% and a net margin of 16.94%.The firm had revenue of $31.51 billion during the quarter, compared to analyst estimates of $31.29 billion. During the same period in the prior year, the firm posted $0.51 earnings per share. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities research analysts expect that AT&T Inc. will post 2.31 EPS for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Friday, April 10th were paid a dividend of $0.2775 per share. The ex-dividend date of this dividend was Friday, April 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.7%. AT&T’s dividend payout ratio is currently 37.25%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on T. Morgan Stanley started coverage on shares of AT&T in a research note on Thursday, April 16th. They set an “overweight” rating and a $30.00 price objective for the company. Weiss Ratings cut AT&T from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Royal Bank Of Canada reissued an “outperform” rating and set a $31.00 price target on shares of AT&T in a research report on Wednesday, May 20th. Oppenheimer cut AT&T from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 3rd. Finally, Wall Street Zen lowered shares of AT&T from a “hold” rating to a “sell” rating in a report on Saturday, May 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $30.55.

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.