Coastal Bridge Advisors LLC Invests $1.28 Million in AT&T Inc. $T

Coastal Bridge Advisors LLC bought a new stake in AT&T Inc. (NYSE:T) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 61,745 shares of the technology company’s stock, valued at approximately $1,278,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Tsfg LLC boosted its position in AT&T by 3.6% in the fourth quarter. Tsfg LLC now owns 10,656 shares of the technology company’s stock worth $265,000 after purchasing an additional 366 shares during the last quarter. Lifestyle Asset Management Inc. grew its stake in AT&T by 3.6% in the 4th quarter. Lifestyle Asset Management Inc. now owns 10,511 shares of the technology company’s stock valued at $261,000 after purchasing an additional 368 shares during the period. Hillsdale Investment Management Inc. increased its position in shares of AT&T by 1.2% during the 4th quarter. Hillsdale Investment Management Inc. now owns 31,970 shares of the technology company’s stock valued at $794,000 after purchasing an additional 370 shares during the last quarter. Bruce G. Allen Investments LLC increased its position in shares of AT&T by 1.7% during the 4th quarter. Bruce G. Allen Investments LLC now owns 22,398 shares of the technology company’s stock valued at $556,000 after purchasing an additional 374 shares during the last quarter. Finally, Rockline Wealth Management LLC raised its stake in shares of AT&T by 3.8% during the 4th quarter. Rockline Wealth Management LLC now owns 10,445 shares of the technology company’s stock worth $259,000 after purchasing an additional 378 shares during the period. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Stock Down 1.8%

Shares of NYSE T opened at $25.42 on Friday. AT&T Inc. has a one year low of $19.89 and a one year high of $29.79. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.97 and a quick ratio of 0.93. The business’s fifty day moving average price is $23.06 and its 200-day moving average price is $25.23. The stock has a market capitalization of $174.16 billion, a PE ratio of 8.42, a P/E/G ratio of 1.05 and a beta of 0.23.

AT&T (NYSE:T) last posted 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 return on equity of 12.86% and a net margin of 16.94%.The company had revenue of $31.56 billion during the quarter, compared to the consensus estimate of $31.80 billion. During the same quarter in the prior year, the company earned $0.54 EPS. The firm’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, equities research analysts anticipate 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 given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Friday, July 10th. AT&T’s dividend payout ratio (DPR) is currently 36.75%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on T shares. Barclays cut their price target on shares of AT&T from $26.00 to $24.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 8th. Wall Street Zen raised shares of AT&T from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. TD Cowen lifted their price objective 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. Oppenheimer cut shares of AT&T from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 3rd. Finally, Argus reduced their target price on shares of AT&T from $33.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.