NEOS Investment Management LLC Acquires 121,404 Shares of AT&T Inc. $T

NEOS Investment Management LLC increased its stake in shares of AT&T Inc. (NYSE:T) by 11.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,145,733 shares of the technology company’s stock after buying an additional 121,404 shares during the period. NEOS Investment Management LLC’s holdings in AT&T were worth $23,717,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. AXQ Capital LP acquired a new stake in AT&T in the 2nd quarter valued at about $946,000. iSAM Funds UK Ltd acquired a new position in shares of AT&T during the second quarter worth approximately $451,000. Beacon Capital Management LLC grew its stake in shares of AT&T by 16.8% during the second quarter. Beacon Capital Management LLC now owns 21,722 shares of the technology company’s stock valued at $450,000 after purchasing an additional 3,119 shares during the last quarter. Pale Fire Capital SE bought a new stake in shares of AT&T during the second quarter valued at approximately $23,598,000. Finally, Mayport LLC increased its holdings in shares of AT&T by 5.4% in the second quarter. Mayport LLC now owns 13,098 shares of the technology company’s stock valued at $271,000 after purchasing an additional 672 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on T. Wolfe Research raised AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 target price for the company in a research note on Thursday, July 23rd. Wall Street Zen raised AT&T from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Weiss Ratings upgraded AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 3rd. Oppenheimer cut AT&T from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 3rd. Finally, Morgan Stanley upped their price objective on AT&T from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. One 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.com, the company has an average rating of “Moderate Buy” and an average target price of $29.19.

AT&T Trading Down 1.9%

NYSE T opened at $25.70 on Friday. AT&T Inc. has a one year low of $19.89 and a one year high of $29.79. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.97 and a quick ratio of 0.93. The firm has a market cap of $176.11 billion, a P/E ratio of 8.51, a P/E/G ratio of 1.30 and a beta of 0.25. The stock’s 50-day moving average is $23.49 and its 200-day moving average is $25.16.

AT&T (NYSE:T) last announced 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. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The firm had revenue of $31.56 billion for the quarter, compared to analyst estimates of $31.80 billion. During the same quarter in the previous year, the firm posted $0.54 earnings per share. The business’s revenue was up 2.3% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Sell-side analysts anticipate that AT&T Inc. will post 2.34 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Friday, July 10th. AT&T’s dividend 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.