Compass Financial Management LLC Invests $519,000 in AT&T Inc. $T

Compass Financial Management LLC purchased a new position in AT&T Inc. (NYSE:T) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 24,533 shares of the technology company’s stock, valued at approximately $519,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fairway Wealth LLC bought a new stake in shares of AT&T in the 1st quarter valued at approximately $29,000. Robinswood Financial LLC bought a new position in AT&T during the first quarter worth $29,000. Safe Harbor Fiduciary LLC bought a new position in AT&T during the fourth quarter worth $25,000. Rachor Investment Advisory Services LLC bought a new position in AT&T during the fourth quarter worth $25,000. Finally, Cresta Advisors Ltd. acquired a new position in AT&T in the fourth quarter worth $26,000. 57.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

T has been the subject of several recent research reports. Scotiabank lowered their target price on shares of AT&T from $31.00 to $29.25 and set a “sector perform” rating for the company in a research note on Wednesday, July 15th. 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. Wall Street Zen raised shares of AT&T from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. TD Cowen boosted their price objective on shares of AT&T from $32.00 to $33.00 and gave the company a “hold” rating in a research report on Thursday, July 23rd. Finally, Morgan Stanley increased their price objective 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. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.19.

AT&T Trading Up 0.3%

NYSE:T opened at $25.77 on Wednesday. The firm has a market capitalization of $176.55 billion, a P/E ratio of 8.53, a P/E/G ratio of 1.05 and a beta of 0.23. The business has a 50 day simple moving average of $22.93 and a 200 day simple moving average of $25.25. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.97 and a quick ratio of 0.93. AT&T Inc. has a 12-month low of $19.89 and a 12-month high of $29.79.

AT&T (NYSE:T) last posted its earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $31.80 billion. During the same period last year, the business posted $0.54 earnings per share. 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. Equities research analysts predict that AT&T Inc. will post 2.34 EPS for the current year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Friday, July 10th. AT&T’s payout ratio is presently 36.75%.

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.