Tortuga Wealth Management Inc Makes New $849,000 Investment in AT&T Inc. $T

Tortuga Wealth Management Inc purchased a new position in shares of AT&T Inc. (NYSE:T) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 40,999 shares of the technology company’s stock, valued at approximately $849,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Tsfg LLC lifted its stake in AT&T by 3.6% in the fourth quarter. Tsfg LLC now owns 10,656 shares of the technology company’s stock worth $265,000 after acquiring an additional 366 shares during the period. Lifestyle Asset Management Inc. increased its position in AT&T by 3.6% during the 4th quarter. Lifestyle Asset Management Inc. now owns 10,511 shares of the technology company’s stock valued at $261,000 after purchasing an additional 368 shares during the period. Hillsdale Investment Management Inc. raised its holdings in shares of AT&T by 1.2% in the 4th quarter. Hillsdale Investment Management Inc. now owns 31,970 shares of the technology company’s stock valued at $794,000 after purchasing an additional 370 shares in the last quarter. Bruce G. Allen Investments LLC raised its holdings in shares of AT&T by 1.7% in the 4th quarter. Bruce G. Allen Investments LLC now owns 22,398 shares of the technology company’s stock valued at $556,000 after purchasing an additional 374 shares in the last quarter. Finally, Rockline Wealth Management LLC lifted its position in shares of AT&T by 3.8% in the 4th quarter. Rockline Wealth Management LLC now owns 10,445 shares of the technology company’s stock worth $259,000 after purchasing an additional 378 shares during the period. 57.10% of the stock is currently owned by institutional investors.

Key AT&T News

Here are the key news stories impacting AT&T this week:

• Positive Sentiment: AT&T is reinforcing its Hawaiian network and deploying disaster-response resources ahead of Tropical Storm Lala. The effort could strengthen customer trust and satisfaction, though the financial impact is likely modest unless it improves retention or attracts new subscribers. Can AT&T’s Disaster Connectivity Efforts Drive Customer Satisfaction?
• Positive Sentiment: AT&T’s chief marketing officer said customers with strong “brand love” are three times less likely to leave, 50% more likely to purchase a second product and less expensive to acquire. If sustained, those trends could lower churn and customer-acquisition costs while supporting revenue growth and profitability. AT&T’s CMO tied brand love to customer economics
• Positive Sentiment: One comparison concludes AT&T offers more upside potential than SpaceX based on stronger recent performance, a cheaper valuation and its 2026 growth outlook. This reinforces the value case behind AT&T’s low earnings multiple, although it does not represent a new company forecast. AT&T vs. SpaceX
• Neutral Sentiment: A post-earnings-sector review benchmarks AT&T against wireless, cable and satellite peers, offering broader context on its second-quarter performance but no clearly identified new catalyst in the available report. Wireless, Cable and Satellite Stocks Q2 Recap
• Negative Sentiment: Although AT&T has more than doubled over three years and still looks inexpensive on several valuation measures, its weaker recent performance and slower growth raise questions about how much further the shares can advance. AT&T Stock Still Looks a Bargain on Earnings but Weaker on Growth
• Negative Sentiment: SpaceX’s ambitions to capture a large share of internet traffic highlight a longer-term competitive threat to traditional connectivity providers, even though current comparisons favor AT&T’s valuation and outlook. SpaceX Internet Traffic Ambitions

AT&T Stock Up 0.0%

NYSE:T opened at $24.89 on Monday. The company’s 50-day simple moving average is $22.62 and its 200-day simple moving average is $25.26. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.93 and a current ratio of 0.97. AT&T Inc. has a fifty-two week low of $19.89 and a fifty-two week high of $29.79. The stock has a market capitalization of $170.58 billion, a P/E ratio of 8.24, a P/E/G ratio of 1.01 and a beta of 0.23.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $31.80 billion. During the same quarter in the previous year, the business posted $0.54 EPS. AT&T’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. On average, equities 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 declared a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Friday, July 10th. AT&T’s payout ratio is currently 36.75%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on T shares. Barclays dropped their price objective on shares of AT&T from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 8th. Scotiabank reduced their price objective on shares of AT&T from $31.00 to $29.25 and set a “sector perform” rating for the company in a research note on Wednesday, July 15th. Wells Fargo & Company upped their target price on AT&T from $18.00 to $20.00 and gave the stock an “underweight” rating in a report on Thursday, July 23rd. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $25.00 target price on shares of AT&T in a research report on Monday, July 13th. Finally, Royal Bank Of Canada cut their price target on AT&T from $31.00 to $27.00 and set an “outperform” rating on the stock in a report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, AT&T has an average 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.