Proficio Capital Partners LLC Acquires Shares of 26,527 AT&T Inc. $T

Proficio Capital Partners LLC bought a new stake in shares of AT&T Inc. (NYSE:T) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 26,527 shares of the technology company’s stock, valued at approximately $549,000.

Several other large investors also recently modified their holdings of T. Bank of America Corp DE acquired a new position in AT&T in the second quarter valued at about $2,310,898,000. Norges Bank acquired a new stake in AT&T during the fourth quarter worth about $2,181,977,000. GQG Partners LLC acquired a new stake in AT&T during the second quarter worth about $1,223,364,000. Legal & General Group Plc bought a new position in AT&T in the 2nd quarter valued at about $960,695,000. Finally, Amundi increased its holdings in AT&T by 67.5% in the 3rd quarter. Amundi now owns 42,295,492 shares of the technology company’s stock valued at $1,094,184,000 after buying an additional 17,040,328 shares during the period. 57.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $25.00 price target on shares of AT&T in a report on Monday, July 13th. TD Cowen lifted their price objective on shares of AT&T from $32.00 to $33.00 and gave the company a “hold” rating in a research note on Thursday, July 23rd. Oppenheimer downgraded shares of AT&T from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 3rd. Weiss Ratings upgraded AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 3rd. Finally, Argus cut their target price on AT&T from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, July 23rd. One equities research 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 assigned a Sell rating to the company. According to MarketBeat.com, AT&T presently has a consensus rating of “Moderate Buy” and an average target price of $29.19.

AT&T Stock Down 1.8%

T stock opened at $25.42 on Friday. The stock has a market capitalization of $174.16 billion, a P/E ratio of 8.42, a price-to-earnings-growth ratio of 1.05 and a beta of 0.23. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06. AT&T Inc. has a 12 month low of $19.89 and a 12 month high of $29.79. The firm has a 50-day moving average price of $23.06 and a 200-day moving average price of $25.23.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, July 22nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. The business had revenue of $31.56 billion during the quarter, compared to analysts’ expectations of $31.80 billion. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.54 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, equities research analysts anticipate that AT&T Inc. will post 2.34 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date was Friday, July 10th. AT&T’s dividend payout ratio is presently 36.75%.

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.