Outfitters Financial LLC Purchases 20,850 Shares of AT&T Inc. $T

Outfitters Financial LLC increased its position in shares of AT&T Inc. (NYSE:T) by 89.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 44,075 shares of the technology company’s stock after purchasing an additional 20,850 shares during the period. Outfitters Financial LLC’s holdings in AT&T were worth $912,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Safe Harbor Fiduciary LLC bought a new stake in AT&T in the fourth quarter worth about $25,000. Cresta Advisors Ltd. bought a new stake in shares of AT&T during the 4th quarter worth approximately $26,000. Blueline Advisors LLC purchased a new position in AT&T during the 4th quarter valued at $26,000. Winnow Wealth LLC boosted its holdings in AT&T by 362.8% during the 4th quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company’s stock valued at $26,000 after acquiring an additional 820 shares during the period. Finally, Orion Capital Management LLC bought a new position in AT&T in the 2nd quarter valued at $26,000. 57.10% of the stock is currently owned by institutional investors.

AT&T Trading Down 0.1%

Shares of NYSE T opened at $25.98 on Thursday. AT&T Inc. has a twelve month low of $19.89 and a twelve month high of $29.79. The firm has a market cap of $178.03 billion, a PE ratio of 8.60, a price-to-earnings-growth ratio of 1.29 and a beta of 0.25. The business has a fifty day simple moving average of $23.36 and a two-hundred day simple moving average of $25.17. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 1.06.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. The business had revenue of $31.56 billion for the quarter, compared to the consensus estimate of $31.80 billion. AT&T had a return on equity of 12.86% and a net margin of 16.94%.The business’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.54 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Analysts expect that AT&T Inc. will post 2.34 earnings per share for the current fiscal year.

AT&T Dividend Announcement

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

Analyst Upgrades and Downgrades

T has been the subject of several research analyst reports. TD Cowen lifted their target price on AT&T from $32.00 to $33.00 and gave the stock a “hold” rating in a research report on Thursday, July 23rd. Sanford C. Bernstein restated an “outperform” rating and issued a $25.00 price target on shares of AT&T in a report on Monday, July 13th. Scotiabank reduced 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. Morgan Stanley lifted their price objective 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. Finally, The Goldman Sachs Group set a $30.00 price objective on shares of AT&T in a research report on Wednesday, July 22nd. One equities research 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 issued a Sell rating to the stock. Based on data from MarketBeat, the company presently 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.