Canada Pension Plan Investment Board Buys Shares of 6,288,978 AT&T Inc. $T

Canada Pension Plan Investment Board bought a new position in AT&T Inc. (NYSE:T) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 6,288,978 shares of the technology company’s stock, valued at approximately $130,182,000.

Several other hedge funds also recently modified their holdings of T. Rachor Investment Advisory Services LLC bought a new position in shares of AT&T during the 4th quarter valued at $25,000. Safe Harbor Fiduciary LLC bought a new stake in AT&T in the fourth quarter worth $25,000. Cresta Advisors Ltd. acquired a new position in AT&T during the fourth quarter worth $26,000. Blueline Advisors LLC acquired a new position in AT&T during the fourth quarter worth $26,000. Finally, Winnow Wealth LLC raised its holdings in AT&T by 362.8% during the fourth quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company’s stock valued at $26,000 after buying an additional 820 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Wells Fargo & Company boosted their price target on AT&T from $18.00 to $20.00 and gave the stock an “underweight” rating in a research report on Thursday, July 23rd. Morgan Stanley increased their price objective on AT&T from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Argus cut their price objective 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. Wolfe Research upgraded AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 target price for the company in a report on Thursday, July 23rd. Finally, Royal Bank Of Canada decreased their target price on 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 equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, AT&T currently has an average rating of “Moderate Buy” and an average target price of $29.19.

AT&T Trading Up 0.4%

Shares of T stock opened at $25.88 on Thursday. AT&T Inc. has a 1 year low of $19.89 and a 1 year high of $29.79. The firm’s fifty day simple moving average is $23.00 and its 200 day simple moving average is $25.24. The firm has a market capitalization of $177.34 billion, a P/E ratio of 8.57, a price-to-earnings-growth ratio of 1.05 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.

AT&T (NYSE:T) last released its earnings results on Wednesday, July 22nd. The technology company reported $0.65 EPS 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 during the quarter, compared to analysts’ expectations of $31.80 billion. During the same period in the prior year, the company earned $0.54 EPS. The business’s quarterly revenue 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. As a group, sell-side analysts predict that AT&T Inc. will post 2.34 EPS for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Stockholders 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 dividend yield of 4.3%. 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.