100,067 Shares in AT&T Inc. $T Acquired by Parr Mcknight Wealth Management Group LLC

Parr Mcknight Wealth Management Group LLC bought a new position in shares of AT&T Inc. (NYSE:TFree Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 100,067 shares of the technology company’s stock, valued at approximately $2,901,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in T. Brighton Jones LLC grew its stake in AT&T by 26.5% during the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock valued at $1,106,000 after purchasing an additional 10,188 shares during the last quarter. Osterweis Capital Management Inc. raised its stake in shares of AT&T by 4,352.9% in the second quarter. Osterweis Capital Management Inc. now owns 6,234 shares of the technology company’s stock worth $180,000 after purchasing an additional 6,094 shares during the last quarter. Main Street Financial Solutions LLC raised its stake in shares of AT&T by 4.0% in the second quarter. Main Street Financial Solutions LLC now owns 26,796 shares of the technology company’s stock worth $775,000 after purchasing an additional 1,022 shares during the last quarter. HUB Investment Partners LLC lifted its holdings in shares of AT&T by 19.6% during the second quarter. HUB Investment Partners LLC now owns 55,730 shares of the technology company’s stock worth $1,613,000 after purchasing an additional 9,115 shares during the period. Finally, Peapack Gladstone Financial Corp lifted its holdings in shares of AT&T by 1.8% during the second quarter. Peapack Gladstone Financial Corp now owns 207,063 shares of the technology company’s stock worth $5,992,000 after purchasing an additional 3,677 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Key AT&T News

Here are the key news stories impacting AT&T this week:

AT&T Stock Up 0.1%

AT&T stock opened at $21.16 on Monday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.92 and a quick ratio of 0.87. The stock has a market capitalization of $146.99 billion, a PE ratio of 7.10, a price-to-earnings-growth ratio of 0.86 and a beta of 0.24. The business has a 50 day simple moving average of $23.38 and a 200-day simple moving average of $25.41. AT&T Inc. has a 12 month low of $19.89 and a 12 month high of $29.79.

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

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 10th will be given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 5.2%. The ex-dividend date is Friday, July 10th. AT&T’s dividend payout ratio is 37.25%.

Analysts Set New Price Targets

Several brokerages recently weighed in on T. KeyCorp increased their price target on shares of AT&T from $30.00 to $36.00 and gave the stock an “overweight” rating in a report on Wednesday, March 25th. Wall Street Zen upgraded shares of AT&T from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Morgan Stanley dropped their price objective on shares of AT&T from $30.00 to $25.00 and set an “overweight” rating on the stock in a report on Tuesday, July 7th. BNP Paribas Exane cut their price objective on shares of AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. Finally, Weiss Ratings cut shares of AT&T from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $29.68.

Read Our Latest Report on T

AT&T Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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