Oppenheimer Asset Management Inc. Has $31.72 Million Stake in AT&T Inc. $T

Oppenheimer Asset Management Inc. grew its position in AT&T Inc. (NYSE:T) by 11.5% during the second quarter, HoldingsChannel reports. The firm owned 1,532,548 shares of the technology company’s stock after buying an additional 158,078 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in AT&T were worth $31,724,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Rachor Investment Advisory Services LLC acquired a new position in AT&T during the 4th quarter worth $25,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of AT&T in the fourth quarter valued at about $25,000. Cresta Advisors Ltd. bought a new position in shares of AT&T in the fourth quarter worth about $26,000. Blueline Advisors LLC bought a new position in shares of AT&T in the fourth quarter worth about $26,000. Finally, Winnow Wealth LLC lifted its position in shares of AT&T by 362.8% during the 4th quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company’s stock worth $26,000 after purchasing an additional 820 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Stock Up 1.0%

Shares of T stock opened at $24.94 on Wednesday. AT&T Inc. has a one year low of $19.89 and a one year 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 0.93. The stock has a fifty day moving average price of $22.71 and a 200 day moving average price of $25.28. The stock has a market cap of $170.87 billion, a P/E ratio of 8.26, a price-to-earnings-growth ratio of 1.01 and a beta of 0.23.

AT&T (NYSE:T) last announced its quarterly earnings data 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. The company 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 was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.54 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Analysts predict that AT&T Inc. will post 2.34 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were given a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Friday, July 10th. AT&T’s dividend payout ratio is 36.75%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on T. Wolfe Research raised AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price objective for the company in a research report on Thursday, July 23rd. Royal Bank Of Canada dropped their target price on shares of AT&T from $31.00 to $27.00 and set an “outperform” rating on the stock in a research report on Monday, July 20th. Argus cut their target price on shares of AT&T from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, July 23rd. Morgan Stanley increased their price target 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, Wells Fargo & Company raised their price target on shares of AT&T from $18.00 to $20.00 and gave the stock an “underweight” rating in a research report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $29.19.

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.