Old Mission Investment Co LLC Invests $436,000 in AT&T Inc. $T

Old Mission Investment Co LLC acquired a new position in shares of AT&T Inc. (NYSE:T) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 21,047 shares of the technology company’s stock, valued at approximately $436,000.

Other institutional investors have also recently bought and sold shares of the company. IFM Investors Pty Ltd grew its stake in shares of AT&T by 5.3% in the 1st quarter. IFM Investors Pty Ltd now owns 1,488,172 shares of the technology company’s stock valued at $43,142,000 after buying an additional 74,684 shares in the last quarter. Parr Mcknight Wealth Management Group LLC bought a new position in AT&T during the first quarter valued at approximately $2,901,000. World Investment Advisors raised its position in AT&T by 85.0% during the fourth quarter. World Investment Advisors now owns 338,942 shares of the technology company’s stock valued at $8,419,000 after acquiring an additional 155,728 shares in the last quarter. Cerity Partners LLC lifted its stake in AT&T by 3.7% in the fourth quarter. Cerity Partners LLC now owns 1,668,862 shares of the technology company’s stock valued at $41,449,000 after acquiring an additional 59,279 shares during the last quarter. Finally, ING Groep NV lifted its stake in AT&T by 120.3% in the fourth quarter. ING Groep NV now owns 2,050,310 shares of the technology company’s stock valued at $50,930,000 after acquiring an additional 1,119,731 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Royal Bank Of Canada decreased their target price on shares of AT&T from $31.00 to $27.00 and set an “outperform” rating for the company in a research report on Monday, July 20th. Morgan Stanley lifted their price objective on shares of AT&T from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Sanford C. Bernstein reiterated an “outperform” rating and issued a $25.00 price objective on shares of AT&T in a report on Monday, July 13th. Scotiabank decreased their price objective on shares of AT&T from $31.00 to $29.25 and set a “sector perform” rating for the company in a report on Wednesday, July 15th. Finally, Oppenheimer downgraded shares of AT&T from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $29.19.

AT&T Trading Down 1.9%

AT&T stock opened at $25.70 on Friday. AT&T Inc. has a 52 week low of $19.89 and a 52 week high of $29.79. 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 firm has a market capitalization of $176.11 billion, a PE ratio of 8.51, a PEG ratio of 1.30 and a beta of 0.25. The business’s 50-day simple moving average is $23.49 and its 200-day simple moving average is $25.16.

AT&T (NYSE:T) last announced its earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share for the quarter, beating the consensus estimate 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 firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.54 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities research analysts forecast that AT&T Inc. will post 2.34 earnings per share for the current year.

AT&T Dividend Announcement

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