WNY Asset Management LLC Takes $3.37 Million Position in AT&T Inc. $T

WNY Asset Management LLC bought a new stake in shares of AT&T Inc. (NYSE:T) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 162,625 shares of the technology company’s stock, valued at approximately $3,366,000.

Several other institutional investors and hedge funds have also bought and sold shares of T. Safe Harbor Fiduciary LLC bought a new stake in AT&T in the fourth quarter valued at approximately $25,000. Cresta Advisors Ltd. bought a new position in shares of AT&T in the fourth quarter worth approximately $26,000. Blueline Advisors LLC bought a new position in shares of AT&T in the fourth quarter worth approximately $26,000. Winnow Wealth LLC increased its stake in shares of AT&T by 362.8% in the fourth quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company’s stock worth $26,000 after buying an additional 820 shares during the period. Finally, Addison Advisors LLC purchased a new position in shares of AT&T in the second quarter worth $27,000. 57.10% of the stock is currently owned by institutional investors.

AT&T Stock Performance

NYSE:T opened at $25.42 on Friday. The stock has a market cap of $174.16 billion, a P/E ratio of 8.42, a price-to-earnings-growth ratio of 1.05 and a beta of 0.23. The firm’s fifty day simple moving average is $23.06 and its 200 day simple moving average is $25.23. AT&T Inc. has a twelve month low of $19.89 and a twelve month high of $29.79. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 1.06.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, July 22nd. The technology company reported $0.65 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 business had revenue of $31.56 billion during the quarter, compared to analyst estimates of $31.80 billion. During the same period in the prior year, the business earned $0.54 EPS. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, research analysts predict that AT&T Inc. will post 2.34 EPS for the current year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were paid 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 is presently 36.75%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Wolfe Research upgraded shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price target for the company in a report on Thursday, July 23rd. Morgan Stanley boosted their price objective on shares of AT&T from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Argus lowered their price objective 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. Barclays dropped their target price on shares of AT&T from $26.00 to $24.00 and set an “equal weight” rating for the company in a report on Wednesday, July 8th. Finally, Wall Street Zen upgraded AT&T from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. One 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 stock. According to MarketBeat, the stock presently 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.