Jefferies Financial Group Inc. Purchases New Position in AT&T Inc. $T

Jefferies Financial Group Inc. acquired a new position in shares of AT&T Inc. (NYSE:T) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 22,839 shares of the technology company’s stock, valued at approximately $473,000.

Other hedge funds have also made changes to their positions in the company. Fairway Wealth LLC purchased a new stake in AT&T in the first quarter worth about $29,000. Robinswood Financial LLC bought a new position in AT&T during the 1st quarter worth about $29,000. Safe Harbor Fiduciary LLC purchased a new position in AT&T during the 4th quarter valued at about $25,000. Cresta Advisors Ltd. purchased a new position in AT&T during the 4th quarter valued at about $26,000. Finally, Blueline Advisors LLC bought a new stake in shares of AT&T in the 4th quarter valued at about $26,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Stock Down 0.3%

NYSE:T opened at $25.92 on Tuesday. 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 $177.61 billion, a P/E ratio of 8.58, a P/E/G ratio of 1.06 and a beta of 0.23. 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’s 50-day simple moving average is $23.22 and its 200-day simple moving average is $25.21.

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 Announces Dividend

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 4.3%. The ex-dividend date of this dividend was Friday, July 10th. AT&T’s payout ratio is currently 36.75%.

Analyst Upgrades and Downgrades

T has been the topic of a number of recent research reports. Royal Bank Of Canada dropped their price objective on shares of AT&T from $31.00 to $27.00 and set an “outperform” rating on the stock in a research note on Monday, July 20th. Oppenheimer downgraded shares of AT&T from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 3rd. The Goldman Sachs Group set a $30.00 target price on AT&T in a report on Wednesday, July 22nd. Wolfe Research raised AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 target price on the stock in a research report on Thursday, July 23rd. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $25.00 price target on shares of AT&T in a report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, eleven have given 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 price target 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.