VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $63.98 Million Investment in AT&T Inc. $T

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in AT&T Inc. (NYSE:T) during the second quarter, Holdings Channel.com reports. The firm bought 3,091,050 shares of the technology company’s stock, valued at approximately $63,985,000.

Several other large investors have also modified their holdings of the business. IFM Investors Pty Ltd boosted its position in AT&T by 5.3% in 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 buying an additional 74,684 shares during the period. Parr Mcknight Wealth Management Group LLC acquired a new stake in shares of AT&T in the first quarter valued at $2,901,000. Cerity Partners LLC raised its stake in shares of AT&T by 3.7% in the fourth quarter. Cerity Partners LLC now owns 1,668,862 shares of the technology company’s stock valued at $41,449,000 after acquiring an additional 59,279 shares in the last quarter. ING Groep NV boosted its holdings in AT&T by 120.3% in the fourth quarter. ING Groep NV now owns 2,050,310 shares of the technology company’s stock valued at $50,930,000 after purchasing an additional 1,119,731 shares during the period. Finally, WealthPlan Investment Management LLC boosted its holdings in AT&T by 415.0% in the fourth quarter. WealthPlan Investment Management LLC now owns 63,357 shares of the technology company’s stock valued at $1,574,000 after purchasing an additional 51,055 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Trading Up 0.1%

T opened at $25.70 on Monday. The firm has a market cap of $176.11 billion, a price-to-earnings ratio of 8.51, a price-to-earnings-growth ratio of 1.27 and a beta of 0.25. AT&T Inc. has a 52 week low of $19.89 and a 52 week high of $29.79. The business’s 50 day moving average is $23.49 and its two-hundred day moving average is $25.13. 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 issued its quarterly earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. The firm 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%. AT&T’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.54 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, research analysts predict that AT&T Inc. will post 2.34 EPS for the current year.

AT&T Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on T. Weiss Ratings upgraded AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 3rd. Wall Street Zen upgraded shares of AT&T from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. The Goldman Sachs Group set a $30.00 target price on shares of AT&T in a report on Wednesday, July 22nd. Wolfe Research upgraded shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price target for the company in a research note on Thursday, July 23rd. Finally, Oppenheimer cut shares of AT&T from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently 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.