28,967 Shares in AT&T Inc. $T Acquired by Dearborn Partners LLC

Dearborn Partners LLC bought a new position in AT&T Inc. (NYSE:T) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 28,967 shares of the technology company’s stock, valued at approximately $840,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ames National Corp bought a new position in AT&T during the second quarter valued at approximately $291,000. Investor s Fiduciary Advisor Network LLC bought a new stake in shares of AT&T in the 2nd quarter worth approximately $258,000. Safeguard Investment Advisory Group LLC purchased a new stake in shares of AT&T in the 2nd quarter valued at $1,368,000. TCM Advisors LLC purchased a new position in AT&T in the 2nd quarter worth $744,000. Finally, Infrastructure Capital Advisors LLC bought a new stake in AT&T in the second quarter worth $447,000. 57.10% of the stock is currently owned by institutional investors.

AT&T Price Performance

NYSE T opened at $25.77 on Wednesday. AT&T Inc. has a one year low of $19.89 and a one year high of $29.79. The stock has a 50-day moving average of $22.93 and a 200 day moving average of $25.25. 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 capitalization of $176.55 billion, a price-to-earnings ratio of 8.53, a PEG ratio of 1.05 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 (EPS) 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 the consensus estimate of $31.80 billion. During the same quarter last year, the firm posted $0.54 EPS. The business’s quarterly 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. On average, sell-side analysts forecast that AT&T Inc. will post 2.34 EPS for the current year.

AT&T Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on T shares. Weiss Ratings raised AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 3rd. Wells Fargo & Company boosted their target price on AT&T from $18.00 to $20.00 and gave the company an “underweight” rating in a research note on Thursday, July 23rd. The Goldman Sachs Group set a $30.00 target price on AT&T in a report on Wednesday, July 22nd. Wolfe Research upgraded shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price objective on the stock in a research report on Thursday, July 23rd. Finally, Royal Bank Of Canada dropped their price target on AT&T from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, AT&T presently has a consensus rating of “Moderate Buy” and an average target price 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.