Dearborn Partners LLC Takes $840,000 Position in AT&T Inc. $T

Dearborn Partners LLC acquired a new position in AT&T Inc. (NYSE:T) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 28,967 shares of the technology company’s stock, valued at approximately $840,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in AT&T during the fourth quarter valued at approximately $2,181,977,000. GQG Partners LLC purchased a new position in shares of AT&T during the 2nd quarter worth $1,223,364,000. Amundi boosted its stake in shares of AT&T by 67.5% during the 3rd quarter. Amundi now owns 42,295,492 shares of the technology company’s stock worth $1,094,184,000 after acquiring an additional 17,040,328 shares during the last quarter. Alyeska Investment Group L.P. grew its position in shares of AT&T by 620.8% during the 4th quarter. Alyeska Investment Group L.P. now owns 11,891,778 shares of the technology company’s stock valued at $295,392,000 after acquiring an additional 10,241,949 shares during the period. Finally, State Street Corp increased its stake in shares of AT&T by 2.6% in the 4th quarter. State Street Corp now owns 332,089,723 shares of the technology company’s stock worth $8,249,109,000 after purchasing an additional 8,314,678 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Up 0.3%

Shares of T stock opened at $25.77 on Wednesday. The company’s fifty day simple moving average is $22.93 and its two-hundred day simple moving average is $25.25. AT&T Inc. has a 52 week low of $19.89 and a 52 week high of $29.79. The stock has a market cap of $176.55 billion, a P/E ratio of 8.53, a PEG ratio of 1.05 and a beta of 0.23. 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 released 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. AT&T had a return on equity of 12.86% and a net margin of 16.94%.The business had revenue of $31.56 billion during the quarter, compared to analysts’ expectations of $31.80 billion. During the same quarter last year, the business posted $0.54 EPS. The firm’s revenue for the quarter 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. Analysts predict that AT&T Inc. will post 2.34 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date was Friday, July 10th. This represents a $1.11 annualized dividend and a yield of 4.3%. AT&T’s dividend payout ratio (DPR) is 36.75%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Scotiabank cut their price target on AT&T from $31.00 to $29.25 and set a “sector perform” rating for the company in a report on Wednesday, July 15th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $25.00 price objective on shares of AT&T in a research note on Monday, July 13th. Wells Fargo & Company lifted their price objective on AT&T from $18.00 to $20.00 and gave the company an “underweight” rating in a research report on Thursday, July 23rd. Oppenheimer lowered shares of AT&T from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 3rd. Finally, Royal Bank Of Canada lowered their price target on shares of AT&T from $31.00 to $27.00 and set an “outperform” rating on the stock in a report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, AT&T presently has a consensus rating of “Moderate Buy” and an average target price 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.