Visionary Wealth Advisors Makes New $829,000 Investment in AT&T Inc. $T

Visionary Wealth Advisors purchased a new position in shares of AT&T Inc. (NYSE:T) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 40,028 shares of the technology company’s stock, valued at approximately $829,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tsfg LLC grew its position in shares of AT&T by 3.6% in the fourth quarter. Tsfg LLC now owns 10,656 shares of the technology company’s stock valued at $265,000 after purchasing an additional 366 shares during the last quarter. Lifestyle Asset Management Inc. increased its position in AT&T by 3.6% during the fourth quarter. Lifestyle Asset Management Inc. now owns 10,511 shares of the technology company’s stock worth $261,000 after buying an additional 368 shares in the last quarter. Hillsdale Investment Management Inc. increased its position in AT&T by 1.2% during the fourth quarter. Hillsdale Investment Management Inc. now owns 31,970 shares of the technology company’s stock worth $794,000 after buying an additional 370 shares in the last quarter. Bruce G. Allen Investments LLC raised its holdings in shares of AT&T by 1.7% in the fourth quarter. Bruce G. Allen Investments LLC now owns 22,398 shares of the technology company’s stock worth $556,000 after acquiring an additional 374 shares during the last quarter. Finally, Rockline Wealth Management LLC raised its holdings in shares of AT&T by 3.8% in the fourth quarter. Rockline Wealth Management LLC now owns 10,445 shares of the technology company’s stock worth $259,000 after acquiring an additional 378 shares during the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Wall Street Zen raised AT&T from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Wells Fargo & Company boosted their target price on shares of AT&T from $18.00 to $20.00 and gave the company an “underweight” rating in a research note on Thursday, July 23rd. Wolfe Research upgraded shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 target price on the stock in a report on Thursday, July 23rd. Weiss Ratings raised shares of AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 3rd. Finally, Royal Bank Of Canada lowered their price target on shares of AT&T from $31.00 to $27.00 and set an “outperform” rating for the company in a report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, AT&T currently has an average rating of “Moderate Buy” and an average target price of $29.19.

AT&T Price Performance

T stock opened at $25.77 on Wednesday. The stock has a market capitalization of $176.55 billion, a price-to-earnings ratio of 8.53, a price-to-earnings-growth ratio of 1.05 and a beta of 0.23. 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 Inc. has a 52-week low of $19.89 and a 52-week high of $29.79. The stock’s fifty day simple moving average is $22.93 and its 200-day simple moving average is $25.25.

AT&T (NYSE:T) last released its earnings results on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.59 by $0.06. AT&T had a return on equity of 12.86% and a net margin of 16.94%.The firm had revenue of $31.56 billion during the quarter, compared to analyst estimates of $31.80 billion. During the same period in the prior year, the firm posted $0.54 earnings per share. 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. Equities research analysts expect that AT&T Inc. will post 2.34 EPS for the current year.

AT&T Dividend Announcement

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

About AT&T

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.