Landscape Capital Management L.L.C. Acquires Shares of 91,986 AT&T Inc. $T

Landscape Capital Management L.L.C. bought a new stake in AT&T Inc. (NYSE:T) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 91,986 shares of the technology company’s stock, valued at approximately $1,904,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of T. Tsfg LLC lifted its stake in AT&T by 3.6% in the 4th 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. grew its position in AT&T by 3.6% in the 4th quarter. Lifestyle Asset Management Inc. now owns 10,511 shares of the technology company’s stock valued at $261,000 after acquiring an additional 368 shares in the last quarter. Hillsdale Investment Management Inc. grew its stake in shares of AT&T by 1.2% in the fourth quarter. Hillsdale Investment Management Inc. now owns 31,970 shares of the technology company’s stock worth $794,000 after acquiring an additional 370 shares in the last quarter. Bruce G. Allen Investments LLC increased its stake in shares of AT&T by 1.7% during the fourth quarter. Bruce G. Allen Investments LLC now owns 22,398 shares of the technology company’s stock worth $556,000 after buying an additional 374 shares during the period. Finally, Rockline Wealth Management LLC increased its holdings in AT&T by 3.8% in the fourth 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 during the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Price Performance

NYSE:T opened at $25.70 on Tuesday. The firm has a market cap of $176.13 billion, a price-to-earnings ratio of 8.51, a price-to-earnings-growth ratio of 1.03 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. The company’s 50-day moving average is $22.88 and its two-hundred day moving average is $25.26. AT&T Inc. has a 12-month low of $19.89 and a 12-month high of $29.79.

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

AT&T Dividend Announcement

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

Wall Street Analyst Weigh In

T has been the subject of several research reports. Barclays reduced their target price 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. Argus decreased their price target on AT&T from $33.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, July 23rd. 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 reiterated an “outperform” rating and set a $25.00 target price on shares of AT&T in a report on Monday, July 13th. Finally, Weiss Ratings upgraded AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus 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.