Corient Private Wealth LP Acquires New Holdings in AT&T Inc. $T

Corient Private Wealth LP purchased a new stake in AT&T Inc. (NYSE:T) during the second quarter, HoldingsChannel.com reports. The fund purchased 2,706,349 shares of the technology company’s stock, valued at approximately $46,653,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of T. Perennial Investment Advisors LLC acquired a new position in shares of AT&T during the second quarter worth approximately $714,000. Pingora Partners LLC bought a new position in AT&T during the second quarter worth about $2,696,000. Ausdal Financial Partners Inc. bought a new position in shares of AT&T during the 2nd quarter worth approximately $2,523,000. Bank of America Corp DE acquired a new stake in shares of AT&T in the 2nd quarter valued at $2,310,898,000. Finally, Bcwm LLC acquired a new position in AT&T in the second quarter valued at about $5,987,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on T. Oppenheimer lowered shares of AT&T from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 3rd. 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. Argus lowered their price target on AT&T from $33.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. Wolfe Research upgraded shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price objective on the stock in a report on Thursday, July 23rd. Finally, Wells Fargo & Company lifted their target price on AT&T from $18.00 to $20.00 and gave the company an “underweight” rating in a research report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $29.19.

AT&T Stock Performance

T opened at $25.42 on Friday. AT&T Inc. has a 52-week low of $19.89 and a 52-week high of $29.79. The firm has a market capitalization of $174.16 billion, a PE ratio of 8.42, a PEG ratio of 1.05 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 business’s 50-day simple moving average is $23.06 and its 200 day simple moving average is $25.23.

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

AT&T Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend was Friday, July 10th. AT&T’s dividend payout ratio is presently 36.75%.

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.