Osmosis Investment Management UK Ltd Takes Position in AT&T Inc. $T

Osmosis Investment Management UK Ltd purchased a new stake in shares of AT&T Inc. (NYSE:T) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 25,930 shares of the technology company’s stock, valued at approximately $537,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp boosted its position in AT&T by 2.6% in the 4th quarter. State Street Corp now owns 332,089,723 shares of the technology company’s stock valued at $8,249,109,000 after buying an additional 8,314,678 shares during the last quarter. Bank of America Corp DE grew its stake in shares of AT&T by 4.6% during the first quarter. Bank of America Corp DE now owns 125,191,700 shares of the technology company’s stock valued at $3,629,307,000 after acquiring an additional 5,449,222 shares in the last quarter. Norges Bank purchased a new stake in shares of AT&T during the fourth quarter worth about $2,181,977,000. Bank of New York Mellon Corp increased its position in shares of AT&T by 3.5% during the second quarter. Bank of New York Mellon Corp now owns 75,323,574 shares of the technology company’s stock worth $1,559,198,000 after acquiring an additional 2,559,065 shares during the last quarter. Finally, GQG Partners LLC acquired a new position in shares of AT&T in the second quarter worth about $1,223,364,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on T. Barclays reduced their price target on AT&T from $26.00 to $24.00 and set an “equal weight” rating for the company in a report on Wednesday, July 8th. Sanford C. Bernstein restated an “outperform” rating and set a $25.00 price objective on shares of AT&T in a report on Monday, July 13th. Morgan Stanley upped their target price on AT&T from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. The Goldman Sachs Group set a $30.00 target price on AT&T in a research note on Wednesday, July 22nd. Finally, Oppenheimer lowered shares of AT&T from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $29.19.

AT&T Stock Up 0.3%

NYSE:T opened at $25.77 on Wednesday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.93 and a current ratio of 0.97. The company has a market capitalization of $176.55 billion, a price-to-earnings ratio of 8.53, a price-to-earnings-growth ratio of 1.05 and a beta of 0.23. AT&T Inc. has a one year low of $19.89 and a one year high of $29.79. The stock has a 50-day simple moving average of $22.93 and a 200 day simple moving average of $25.25.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, July 22nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.06. AT&T had a return on equity of 12.86% and a net margin of 16.94%.The firm had revenue of $31.56 billion for the quarter, compared to analysts’ expectations of $31.80 billion. During the same quarter in the prior year, the firm posted $0.54 earnings per share. AT&T’s revenue for the quarter was up 2.3% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Sell-side analysts predict that AT&T Inc. will post 2.34 EPS for the current fiscal year.

AT&T Announces Dividend

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