35,936 Shares in AT&T Inc. $T Acquired by TCM Advisors LLC

TCM Advisors LLC bought a new stake in AT&T Inc. (NYSE:T) during the 2nd quarter, HoldingsChannel reports. The fund bought 35,936 shares of the technology company’s stock, valued at approximately $744,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Tsfg LLC grew its stake in shares of 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 purchasing an additional 366 shares in the last quarter. Lifestyle Asset Management Inc. raised its stake in shares of AT&T by 3.6% during the fourth 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 in the last quarter. Hillsdale Investment Management Inc. raised its stake in shares of AT&T by 1.2% during the fourth 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 lifted its holdings in AT&T by 1.7% in the fourth quarter. Bruce G. Allen Investments LLC now owns 22,398 shares of the technology company’s stock worth $556,000 after purchasing an additional 374 shares during the period. Finally, Rockline Wealth Management LLC grew its position in AT&T by 3.8% in the 4th quarter. Rockline Wealth Management LLC now owns 10,445 shares of the technology company’s stock valued at $259,000 after buying an additional 378 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Weiss Ratings upgraded shares of AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 3rd. Wolfe Research upgraded shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price objective for the company in a report on Thursday, July 23rd. Royal Bank Of Canada lowered 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. Sanford C. Bernstein reissued an “outperform” rating and set a $25.00 target price on shares of AT&T in a report on Monday, July 13th. Finally, Wall Street Zen upgraded AT&T from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. One 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 issued a Sell rating to the company. According to data from MarketBeat.com, AT&T currently has an average rating of “Moderate Buy” and a consensus target price of $29.19.

AT&T Stock Performance

NYSE:T opened at $25.77 on Wednesday. The company has a 50-day moving average of $22.93 and a 200-day moving average of $25.25. The firm has a market cap 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. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06. AT&T Inc. has a twelve month low of $19.89 and a twelve month high of $29.79.

AT&T (NYSE:T) last released its earnings results on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. The business had revenue of $31.56 billion for the quarter, compared to the consensus estimate of $31.80 billion. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.54 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Analysts forecast that AT&T Inc. will post 2.34 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were paid a dividend of $0.2775 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.3%. AT&T’s dividend payout ratio (DPR) is currently 36.75%.

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.