Compound Planning Inc. Purchases 22,043 Shares of AT&T Inc. $T

Compound Planning Inc. grew its position in shares of AT&T Inc. (NYSE:TFree Report) by 15.4% during the first quarter, Holdings Channel reports. The fund owned 165,163 shares of the technology company’s stock after purchasing an additional 22,043 shares during the period. Compound Planning Inc.’s holdings in AT&T were worth $4,788,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of AT&T during the fourth quarter valued at approximately $2,181,977,000. Amundi raised its holdings in AT&T by 67.5% in the third quarter. Amundi now owns 42,295,492 shares of the technology company’s stock worth $1,094,184,000 after purchasing an additional 17,040,328 shares in the last quarter. Alyeska Investment Group L.P. raised its holdings in AT&T by 620.8% in the fourth quarter. Alyeska Investment Group L.P. now owns 11,891,778 shares of the technology company’s stock worth $295,392,000 after purchasing an additional 10,241,949 shares in the last quarter. State Street Corp raised its holdings in AT&T by 2.6% in the fourth quarter. State Street Corp now owns 332,089,723 shares of the technology company’s stock worth $8,249,109,000 after purchasing an additional 8,314,678 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in AT&T by 49.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 25,155,597 shares of the technology company’s stock valued at $624,865,000 after buying an additional 8,297,201 shares during the period. Institutional investors own 57.10% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Scotiabank reduced their target price on shares of AT&T from $31.00 to $29.25 and set a “sector perform” rating on the stock in a research report on Wednesday, July 15th. Royal Bank Of Canada decreased their target price on shares of AT&T from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Monday. Sanford C. Bernstein reiterated an “outperform” rating and set a $25.00 target price on shares of AT&T in a report on Monday, July 13th. Morgan Stanley upped their price target on AT&T from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Oppenheimer lowered 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 issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $29.19.

Read Our Latest Stock Report on AT&T

AT&T News Roundup

Here are the key news stories impacting AT&T this week:

AT&T Stock Performance

Shares of T stock opened at $22.95 on Friday. AT&T Inc. has a one year low of $19.89 and a one year high of $29.79. The company’s 50-day moving average is $22.79 and its 200 day moving average is $25.24. The company has a market capitalization of $159.44 billion, a price-to-earnings ratio of 7.60, a price-to-earnings-growth ratio of 0.91 and a beta of 0.24. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.87 and a current ratio of 0.97.

AT&T (NYSE:TGet Free Report) last issued its earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.06. The business had revenue of $31.56 billion during the quarter, compared to analysts’ expectations of $31.80 billion. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Sell-side analysts expect that AT&T Inc. will post 2.31 EPS for the current fiscal year.

AT&T Dividend Announcement

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

AT&T Company 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.

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

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