Paradigm Capital Management LLC NV Invests $1.18 Million in AT&T Inc. $T

Paradigm Capital Management LLC NV acquired a new stake in shares of AT&T Inc. (NYSE:T) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 57,151 shares of the technology company’s stock, valued at approximately $1,183,000. AT&T makes up about 1.0% of Paradigm Capital Management LLC NV’s investment portfolio, making the stock its 25th largest holding.

A number of other institutional investors have also recently made changes to their positions in the company. Fairway Wealth LLC acquired a new position in AT&T during the first quarter worth about $29,000. Robinswood Financial LLC acquired a new stake in AT&T during the first quarter worth $29,000. Safe Harbor Fiduciary LLC purchased a new position in shares of AT&T during the 4th quarter worth $25,000. Rachor Investment Advisory Services LLC purchased a new position in shares of AT&T during the 4th quarter worth $25,000. Finally, Cresta Advisors Ltd. acquired a new stake in shares of AT&T during the 4th quarter worth about $26,000. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Stock Up 0.3%

T stock opened at $25.77 on Wednesday. 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 $22.93 and its two-hundred day moving average is $25.25. The stock has a market cap of $176.55 billion, a P/E ratio of 8.53, a PEG ratio of 1.05 and a beta of 0.23. AT&T Inc. has a twelve month low of $19.89 and a twelve month high of $29.79.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, topping 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 period last year, the business earned $0.54 EPS. AT&T’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 expect that AT&T Inc. will post 2.34 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Friday, July 10th. AT&T’s payout ratio is presently 36.75%.

Analyst Ratings Changes

Several brokerages recently issued reports on T. The Goldman Sachs Group set a $30.00 price objective on shares of AT&T in a report on Wednesday, July 22nd. Wells Fargo & Company lifted their price target on shares of AT&T from $18.00 to $20.00 and gave the company an “underweight” rating in a research report on Thursday, July 23rd. TD Cowen boosted their target price on AT&T from $32.00 to $33.00 and gave the company a “hold” rating in a research report on Thursday, July 23rd. Scotiabank cut their price target on shares of AT&T from $31.00 to $29.25 and set a “sector perform” rating on the stock in a research note on Wednesday, July 15th. Finally, Wolfe Research raised AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price objective on the stock in a research report on Thursday, July 23rd. One research 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 MarketBeat.com, AT&T currently has a consensus rating of “Moderate Buy” and a consensus 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.