Ieq Capital LLC Invests $1.12 Million in AT&T Inc. $T

Ieq Capital LLC bought a new position in AT&T Inc. (NYSE:T) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 54,171 shares of the technology company’s stock, valued at approximately $1,121,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Callan Family Office LLC bought a new stake in shares of AT&T during the 2nd quarter worth $3,401,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of AT&T during the second quarter worth $203,000. Keebeck Wealth Management purchased a new stake in shares of AT&T during the second quarter valued at $450,000. Blue Capital Inc. purchased a new stake in shares of AT&T during the second quarter valued at $233,000. Finally, Keating Financial Advisory Services Inc. acquired a new position in shares of AT&T in the 2nd quarter valued at $278,000. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Stock Performance

T stock opened at $25.88 on Thursday. 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 stock has a market cap of $177.34 billion, a P/E ratio of 8.57, a P/E/G ratio of 1.05 and a beta of 0.23. The firm has a 50 day simple moving average of $23.00 and a 200 day simple moving average of $25.24. AT&T Inc. has a 52 week low of $19.89 and a 52 week high of $29.79.

AT&T (NYSE:T) last released its quarterly earnings data 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. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The firm 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 business earned $0.54 EPS. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Research analysts anticipate that AT&T Inc. will post 2.34 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently disclosed 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 of this dividend 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 presently 36.75%.

Wall Street Analysts Forecast Growth

T has been the topic of several recent analyst reports. Barclays cut their price objective on AT&T from $26.00 to $24.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 8th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $25.00 target price on shares of AT&T in a report on Monday, July 13th. Wolfe Research raised shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 target price on the stock in a research report on Thursday, July 23rd. Wall Street Zen upgraded shares of AT&T from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. Finally, Royal Bank Of Canada reduced their price target 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. One 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average 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.