iSAM Funds UK Ltd Takes Position in AT&T Inc. $T

iSAM Funds UK Ltd purchased a new position in AT&T Inc. (NYSE:T) during the second quarter, Holdings Channel.com reports. The firm purchased 21,800 shares of the technology company’s stock, valued at approximately $451,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Fairway Wealth LLC purchased a new position in AT&T in the first quarter valued at about $29,000. Robinswood Financial LLC purchased a new stake in shares of AT&T during the 1st quarter worth about $29,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of AT&T during the 4th quarter worth about $25,000. Cresta Advisors Ltd. purchased a new stake in shares of AT&T during the 4th quarter worth about $26,000. Finally, Blueline Advisors LLC acquired a new stake in shares of AT&T during 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 Performance

T opened at $25.98 on Thursday. The company has a market cap of $178.03 billion, a PE ratio of 8.60, a price-to-earnings-growth ratio of 1.29 and a beta of 0.25. The stock has a 50-day moving average of $23.36 and a 200-day moving average of $25.17. 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.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. AT&T had a return on equity of 12.86% and a net margin of 16.94%.The business had revenue of $31.56 billion for the quarter, compared to analyst estimates of $31.80 billion. During the same quarter in the prior year, the firm posted $0.54 EPS. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, equities research 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 declared a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.3%. The ex-dividend date was Friday, July 10th. AT&T’s dividend payout ratio (DPR) is 36.75%.

Wall Street Analyst Weigh In

Several brokerages recently commented on T. The Goldman Sachs Group set a $30.00 price target on AT&T in a research note on Wednesday, July 22nd. Weiss Ratings raised shares of AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 3rd. Sanford C. Bernstein reiterated an “outperform” rating and issued a $25.00 target price on shares of AT&T in a research note on Monday, July 13th. TD Cowen boosted their target price on shares of AT&T from $32.00 to $33.00 and gave the stock a “hold” rating in a research report on Thursday, July 23rd. Finally, Wells Fargo & Company increased their price target on shares of AT&T from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Thursday, July 23rd. One 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.19.

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.