Liberty One Investment Management LLC Purchases 129,709 Shares of AT&T Inc. $T

Liberty One Investment Management LLC increased its position in shares of AT&T Inc. (NYSE:TFree Report) by 14.6% in the 1st quarter, HoldingsChannel reports. The firm owned 1,020,627 shares of the technology company’s stock after purchasing an additional 129,709 shares during the period. AT&T comprises approximately 3.1% of Liberty One Investment Management LLC’s holdings, making the stock its 8th largest position. Liberty One Investment Management LLC’s holdings in AT&T were worth $29,588,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Rachor Investment Advisory Services LLC acquired a new stake in shares of AT&T in the 4th quarter valued at approximately $25,000. Safe Harbor Fiduciary LLC acquired a new position in AT&T during the fourth quarter worth $25,000. Cresta Advisors Ltd. purchased a new position in AT&T in the fourth quarter worth $26,000. Blueline Advisors LLC purchased a new position in AT&T in the fourth quarter worth $26,000. Finally, Winnow Wealth LLC lifted its holdings in AT&T by 362.8% in the fourth 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. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on T shares. Wall Street Zen upgraded shares of AT&T from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $25.00 price target on shares of AT&T in a report on Monday, July 13th. BNP Paribas Exane reduced their price objective on shares of AT&T from $28.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. Morgan Stanley boosted their price objective on shares of AT&T from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, TD Cowen upped their target price on shares of AT&T from $32.00 to $33.00 and gave the stock a “hold” rating in a research report on Thursday. One research 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 given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $29.19.

Read Our Latest Analysis on T

AT&T News Summary

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

AT&T Stock Down 0.4%

T stock opened at $22.95 on Friday. The company’s 50 day simple moving average is $22.79 and its 200-day simple moving average is $25.24. The firm has a market capitalization of $159.44 billion, a PE ratio of 7.60, a P/E/G ratio of 0.91 and a beta of 0.24. AT&T Inc. has a 12 month low of $19.89 and a 12 month high of $29.79. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.97 and a quick ratio of 0.87.

AT&T (NYSE:TGet Free Report) last issued its quarterly earnings data 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 firm had revenue of $31.56 billion during 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 company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.54 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities analysts expect that AT&T Inc. will post 2.31 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders 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 dividend yield of 4.8%. The ex-dividend date of this dividend is Friday, July 10th. AT&T’s payout ratio is 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.

Featured Stories

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

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