Clear Harbor Asset Management LLC Invests $419,000 in AT&T Inc. $T

Clear Harbor Asset Management LLC acquired a new stake in shares of AT&T Inc. (NYSE:T) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 20,226 shares of the technology company’s stock, valued at approximately $419,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Fairway Wealth LLC bought a new stake in shares of AT&T during the first quarter worth about $29,000. Robinswood Financial LLC bought a new position in AT&T in the 1st quarter valued at approximately $29,000. Safe Harbor Fiduciary LLC bought a new position in AT&T in the 4th quarter valued at approximately $25,000. Rachor Investment Advisory Services LLC acquired a new stake in AT&T during the 4th quarter worth approximately $25,000. Finally, Cresta Advisors Ltd. acquired a new stake in AT&T during the 4th quarter worth approximately $26,000. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

NYSE:T opened at $25.77 on Wednesday. The company has a market capitalization of $176.55 billion, a PE ratio of 8.53, a P/E/G ratio of 1.05 and a beta of 0.23. The company has a 50 day simple moving average of $22.93 and a two-hundred day simple moving average of $25.25. 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.

AT&T (NYSE:T) last issued 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. 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 the consensus estimate of $31.80 billion. During the same quarter in the previous year, the company earned $0.54 EPS. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Research analysts anticipate that AT&T Inc. will post 2.34 earnings per share for the current year.

AT&T Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on T shares. Oppenheimer lowered shares of AT&T from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 3rd. TD Cowen lifted 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. Barclays reduced 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. Royal Bank Of Canada decreased their price objective on AT&T from $31.00 to $27.00 and set an “outperform” rating for the company in a report on Monday, July 20th. Finally, Morgan Stanley raised their target price on AT&T from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. One 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $29.19.

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.