Landscape Capital Management L.L.C. Takes Position in AT&T Inc. $T

Landscape Capital Management L.L.C. bought a new stake in AT&T Inc. (NYSE:T) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 91,986 shares of the technology company’s stock, valued at approximately $1,904,000.

Several other large investors have also recently added to or reduced their stakes in the business. Rachor Investment Advisory Services LLC purchased a new stake in AT&T in the 4th quarter valued at about $25,000. Safe Harbor Fiduciary LLC acquired a new position in shares of AT&T during the 4th quarter valued at about $25,000. Cresta Advisors Ltd. purchased a new position in shares of AT&T during the 4th quarter worth about $26,000. Blueline Advisors LLC purchased a new position in shares of AT&T during the 4th quarter worth about $26,000. Finally, Winnow Wealth LLC boosted its position in shares of AT&T by 362.8% in the fourth quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company’s stock worth $26,000 after acquiring an additional 820 shares during the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Morgan Stanley boosted their target price on shares of AT&T from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. 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. Weiss Ratings upgraded shares of AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 3rd. Wall Street Zen raised shares of AT&T from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Finally, The Goldman Sachs Group set a $30.00 price objective on AT&T in a report on Wednesday, July 22nd. One 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 given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $29.19.

AT&T Stock Up 1.6%

T opened at $25.70 on Tuesday. AT&T Inc. has a 1 year low of $19.89 and a 1 year high of $29.79. The firm has a 50 day moving average price of $22.88 and a 200 day moving average price of $25.26. 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 company has a market cap of $176.13 billion, a PE ratio of 8.51, a price-to-earnings-growth ratio of 1.03 and a beta of 0.23.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $31.80 billion. During the same period in the previous year, the company posted $0.54 earnings per share. AT&T’s 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. Sell-side analysts expect that AT&T Inc. will post 2.34 earnings per share for the current year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were issued a dividend of $0.2775 per share. The ex-dividend date was Friday, July 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.3%. AT&T’s payout ratio is presently 36.75%.

AT&T 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.