iSAM Funds UK Ltd Invests $451,000 in AT&T Inc. $T

iSAM Funds UK Ltd bought a new position in AT&T Inc. (NYSE:T) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 21,800 shares of the technology company’s stock, valued at approximately $451,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Bank of America Corp DE bought a new position in shares of AT&T in the second quarter valued at $2,310,898,000. Norges Bank bought a new stake in shares of AT&T during the 4th quarter worth $2,181,977,000. GQG Partners LLC acquired a new position in shares of AT&T in the 2nd quarter worth $1,223,364,000. Legal & General Group Plc acquired a new position in shares of AT&T in the 2nd quarter worth $960,695,000. Finally, Amundi raised its position in shares of AT&T by 67.5% during the third quarter. Amundi now owns 42,295,492 shares of the technology company’s stock worth $1,094,184,000 after purchasing an additional 17,040,328 shares during the period. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Stock Performance

Shares of AT&T stock opened at $25.98 on Thursday. AT&T Inc. has a 12 month low of $19.89 and a 12 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. The stock has a market cap of $178.03 billion, a PE ratio of 8.60, a price-to-earnings-growth ratio of 1.29 and a beta of 0.25. The business has a fifty day simple moving average of $23.36 and a 200-day simple moving average of $25.17.

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, beating the consensus estimate of $0.59 by $0.06. The firm had revenue of $31.56 billion for the quarter, compared to analyst estimates of $31.80 billion. AT&T had a return on equity of 12.86% and a net margin of 16.94%.AT&T’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, sell-side analysts anticipate that AT&T Inc. will post 2.34 EPS for the current fiscal year.

AT&T Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Sanford C. Bernstein reiterated an “outperform” rating and issued a $25.00 price target on shares of AT&T in a research report on Monday, July 13th. Scotiabank cut their price objective on AT&T from $31.00 to $29.25 and set a “sector perform” rating on the stock in a report on Wednesday, July 15th. TD Cowen boosted their price objective on AT&T from $32.00 to $33.00 and gave the stock a “hold” rating in a report on Thursday, July 23rd. Morgan Stanley upped their price objective on shares of AT&T from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Finally, Wall Street Zen upgraded shares of AT&T from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, AT&T presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.19.

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.