Quantbot Technologies LP Makes New $6.84 Million Investment in AT&T Inc. $T

Quantbot Technologies LP purchased a new stake in AT&T Inc. (NYSE:T) in the second quarter, Holdings Channel reports. The institutional investor purchased 330,330 shares of the technology company’s stock, valued at approximately $6,838,000.

Other hedge funds have also added to or reduced their stakes in the company. IFM Investors Pty Ltd increased its position in AT&T by 5.3% during the 1st quarter. IFM Investors Pty Ltd now owns 1,488,172 shares of the technology company’s stock valued at $43,142,000 after purchasing an additional 74,684 shares during the period. Parr Mcknight Wealth Management Group LLC bought a new position in AT&T during the 1st quarter worth approximately $2,901,000. World Investment Advisors raised its holdings in AT&T by 85.0% during the 4th quarter. World Investment Advisors now owns 338,942 shares of the technology company’s stock worth $8,419,000 after purchasing an additional 155,728 shares during the last quarter. Cerity Partners LLC lifted its position in shares of AT&T by 3.7% in the 4th quarter. Cerity Partners LLC now owns 1,668,862 shares of the technology company’s stock worth $41,449,000 after purchasing an additional 59,279 shares during the period. Finally, ING Groep NV lifted its position in shares of AT&T by 120.3% in the 4th quarter. ING Groep NV now owns 2,050,310 shares of the technology company’s stock worth $50,930,000 after purchasing an additional 1,119,731 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

T has been the subject of a number of recent analyst reports. Royal Bank Of Canada decreased their price target on AT&T from $31.00 to $27.00 and set an “outperform” rating for the company in a report on Monday, July 20th. Wall Street Zen upgraded shares of AT&T from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. Argus dropped their target price on AT&T from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. TD Cowen boosted their price target on shares of AT&T from $32.00 to $33.00 and gave the stock a “hold” rating in a report on Thursday, July 23rd. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $25.00 price objective on shares of AT&T in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, AT&T currently has an average rating of “Moderate Buy” and a consensus price target of $29.19.

AT&T Stock Performance

AT&T stock opened at $25.70 on Tuesday. The company has a market capitalization of $176.13 billion, a PE ratio of 8.51, a P/E/G ratio of 1.03 and a beta of 0.23. AT&T Inc. has a twelve month low of $19.89 and a twelve month high of $29.79. The firm has a fifty day simple moving average of $22.88 and a two-hundred day simple moving average of $25.26. 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 announced its quarterly earnings results 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 for the quarter, compared to analyst estimates of $31.80 billion. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The company’s revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.54 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Research analysts expect that AT&T Inc. will post 2.34 EPS for the current year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Friday, July 10th. AT&T’s dividend payout ratio (DPR) is presently 36.75%.

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.