Faithward Advisors LLC Acquires 32,862 Shares of AT&T Inc. $T

Faithward Advisors LLC boosted its holdings in shares of AT&T Inc. (NYSE:T) by 116.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,132 shares of the technology company’s stock after purchasing an additional 32,862 shares during the period. Faithward Advisors LLC’s holdings in AT&T were worth $1,772,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. GGM Financials LLC acquired a new position in AT&T in the third quarter worth $25,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of AT&T in the fourth quarter valued at $25,000. Rachor Investment Advisory Services LLC bought a new position in shares of AT&T in the fourth quarter valued at about $25,000. Cresta Advisors Ltd. bought a new position in shares of AT&T in the fourth quarter valued at about $26,000. Finally, Blueline Advisors LLC acquired a new position in AT&T during the 4th quarter worth about $26,000. Institutional investors own 57.10% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on T. Arete Research raised shares of AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price objective on the stock in a report on Tuesday, March 10th. Royal Bank Of Canada reiterated an “outperform” rating and set a $31.00 target price on shares of AT&T in a research report on Wednesday, May 20th. Morgan Stanley initiated coverage on shares of AT&T in a research note on Thursday, April 16th. They set an “overweight” rating and a $30.00 price target on the stock. Oppenheimer lowered shares of AT&T from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 3rd. Finally, Citigroup boosted their price objective on shares of AT&T from $29.00 to $31.50 and gave the stock a “buy” rating in a research report on Monday, March 23rd. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $30.55.

AT&T Price Performance

Shares of T stock opened at $22.85 on Wednesday. The stock has a 50-day moving average price of $24.61 and a 200 day moving average price of $25.70. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 1.05. The firm has a market cap of $158.77 billion, a price-to-earnings ratio of 7.67, a PEG ratio of 0.92 and a beta of 0.21. AT&T Inc. has a 12 month low of $21.99 and a 12 month high of $29.79.

AT&T (NYSE:T) last released its 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 company had revenue of $31.51 billion for the quarter, compared to the consensus estimate of $31.29 billion. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The company’s revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.51 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Research analysts expect that AT&T Inc. will post 2.31 EPS for the current year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Friday, April 10th were issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.9%. The ex-dividend date was Friday, April 10th. AT&T’s dividend payout ratio is currently 37.25%.

About AT&T

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.