27,800 Shares in AT&T Inc. $T Bought by PDT Partners LLC

PDT Partners LLC bought a new stake in AT&T Inc. (NYSE:T) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 27,800 shares of the technology company’s stock, valued at approximately $575,000.

A number of other large investors have also added to or reduced their stakes in the company. Fairway Wealth LLC purchased a new position in shares of AT&T during the 1st quarter valued at about $29,000. Robinswood Financial LLC purchased a new stake in AT&T in the first quarter worth approximately $29,000. Safe Harbor Fiduciary LLC bought a new position in AT&T during the fourth quarter valued at approximately $25,000. Cresta Advisors Ltd. bought a new position in AT&T during the fourth quarter valued at approximately $26,000. Finally, Blueline Advisors LLC purchased a new position in shares of AT&T during the fourth quarter worth approximately $26,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on T. Sanford C. Bernstein restated an “outperform” rating and issued a $25.00 price objective on shares of AT&T in a report on Monday, July 13th. TD Cowen lifted their target price on shares of AT&T from $32.00 to $33.00 and gave the stock a “hold” rating in a research report on Thursday, July 23rd. Morgan Stanley boosted their price target on shares of AT&T from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Weiss Ratings upgraded shares of AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 3rd. Finally, Wolfe Research raised AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price objective on the stock in a research note on Thursday, July 23rd. One 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 given a Sell rating to the company. According to MarketBeat, AT&T currently has a consensus rating of “Moderate Buy” and an average price target of $29.19.

AT&T Stock Performance

NYSE:T opened at $25.42 on Friday. The firm has a market cap of $174.16 billion, a PE ratio of 8.42, a price-to-earnings-growth ratio of 1.05 and a beta of 0.23. AT&T Inc. has a fifty-two week low of $19.89 and a fifty-two week high of $29.79. 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 business has a 50 day moving average price of $23.06 and a 200-day moving average price of $25.23.

AT&T (NYSE:T) last issued its earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $31.80 billion. During the same quarter last year, the business earned $0.54 earnings per share. The business’s revenue was up 2.3% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities research analysts predict that AT&T Inc. will post 2.34 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Friday, July 10th. AT&T’s dividend payout ratio (DPR) is 36.75%.

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.