Keebeck Wealth Management Makes New Investment in AT&T Inc. $T

Keebeck Wealth Management acquired a new stake in AT&T Inc. (NYSE:T) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 21,749 shares of the technology company’s stock, valued at approximately $450,000.

Other large investors also recently modified their holdings of the company. Norges Bank acquired a new position in shares of AT&T in the fourth quarter worth about $2,181,977,000. Amundi grew its stake in AT&T by 67.5% during the 3rd quarter. Amundi now owns 42,295,492 shares of the technology company’s stock valued at $1,094,184,000 after purchasing an additional 17,040,328 shares in the last quarter. Alyeska Investment Group L.P. grew its stake in AT&T by 620.8% during the 4th quarter. Alyeska Investment Group L.P. now owns 11,891,778 shares of the technology company’s stock valued at $295,392,000 after purchasing an additional 10,241,949 shares in the last quarter. State Street Corp increased its holdings in AT&T by 2.6% during the 4th quarter. State Street Corp now owns 332,089,723 shares of the technology company’s stock worth $8,249,109,000 after purchasing an additional 8,314,678 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in AT&T by 49.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 25,155,597 shares of the technology company’s stock worth $624,865,000 after purchasing an additional 8,297,201 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Price Performance

Shares of T opened at $25.70 on Tuesday. AT&T Inc. has a 52 week low of $19.89 and a 52 week high of $29.79. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06. The firm has a market cap of $176.13 billion, a price-to-earnings ratio of 8.51, a PEG ratio of 1.03 and a beta of 0.23. The stock has a 50 day moving average of $22.88 and a 200-day moving average of $25.26.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate 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 posted $0.54 EPS. The business’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. As a group, analysts forecast that AT&T Inc. will post 2.34 EPS for the current 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 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 of this dividend was Friday, July 10th. AT&T’s dividend payout ratio is 36.75%.

Analyst Ratings Changes

Several equities analysts have recently commented on T shares. TD Cowen increased their target price on AT&T from $32.00 to $33.00 and gave the company a “hold” rating in a research note on Thursday, July 23rd. Argus dropped their price target on shares of AT&T from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, July 23rd. Wall Street Zen raised shares of AT&T from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. Royal Bank Of Canada reduced their price objective on shares of AT&T from $31.00 to $27.00 and set an “outperform” rating on the stock in a research note on Monday, July 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 report on Thursday, July 23rd. One 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 MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $29.19.

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.