First Bancorp Inc ME Makes New $554,000 Investment in AT&T Inc. $T

First Bancorp Inc ME bought a new stake in AT&T Inc. (NYSE:T) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 26,756 shares of the technology company’s stock, valued at approximately $554,000.

A number of other institutional investors have also recently made changes to their positions in T. Rachor Investment Advisory Services LLC purchased a new stake in AT&T in the 4th quarter worth about $25,000. Safe Harbor Fiduciary LLC purchased a new stake in AT&T during the fourth quarter valued at about $25,000. Cresta Advisors Ltd. bought a new position in AT&T during the fourth quarter worth about $26,000. Blueline Advisors LLC bought a new position in AT&T during the fourth quarter worth about $26,000. Finally, Winnow Wealth LLC increased its stake in shares of AT&T by 362.8% in the fourth quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company’s stock worth $26,000 after purchasing an additional 820 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Oppenheimer lowered shares of AT&T from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 3rd. Morgan Stanley lifted 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. Wall Street Zen raised shares of AT&T from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. Argus cut their price target on AT&T from $33.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. Finally, 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. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $29.19.

AT&T Stock Performance

NYSE:T opened at $25.88 on Thursday. AT&T Inc. has a twelve month low of $19.89 and a twelve month high of $29.79. The stock has a market cap of $177.34 billion, a P/E ratio of 8.57, 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. The business’s 50-day moving average price is $23.00 and its two-hundred day moving average price is $25.24.

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 analysts’ consensus estimates of $0.59 by $0.06. The business had revenue of $31.56 billion for the quarter, compared to the consensus estimate of $31.80 billion. AT&T had a return on equity of 12.86% and a net margin of 16.94%.The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter last year, the business posted $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, equities analysts predict that AT&T Inc. will post 2.34 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were paid a $0.2775 dividend. 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 36.75%.

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.