AT&T Inc. $T Shares Purchased by Cetera Investment Advisers

Cetera Investment Advisers boosted its stake in AT&T Inc. (NYSE:TFree Report) by 2.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,016,297 shares of the technology company’s stock after acquiring an additional 85,674 shares during the period. Cetera Investment Advisers’ holdings in AT&T were worth $116,432,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. 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. Barclays cut their target price on shares of AT&T from $26.00 to $24.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 8th. The Goldman Sachs Group set a $30.00 price target on shares of AT&T in a research report on Wednesday. Wall Street Zen upgraded shares of AT&T from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Finally, Oppenheimer downgraded shares of AT&T from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $29.19.

Read Our Latest Stock Analysis on AT&T

AT&T Stock Down 0.4%

AT&T stock opened at $22.95 on Friday. The stock has a 50 day moving average of $22.79 and a two-hundred day moving average of $25.24. AT&T Inc. has a twelve month low of $19.89 and a twelve month high of $29.79. The stock has a market capitalization of $159.44 billion, a price-to-earnings ratio of 7.60, a PEG ratio of 0.91 and a beta of 0.24. The company has a current ratio of 0.97, a quick ratio of 0.87 and a debt-to-equity ratio of 1.06.

AT&T (NYSE:TGet Free Report) last released its earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share (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 previous year, the company posted $0.54 earnings per share. 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. As a group, research analysts expect that AT&T Inc. will post 2.31 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 10th will be paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Friday, July 10th. AT&T’s payout ratio is currently 37.25%.

Trending Headlines about AT&T

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AT&T Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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