75,474 Shares in AT&T Inc. $T Purchased by Hayek Kallen Investment Management

Hayek Kallen Investment Management acquired a new stake in AT&T Inc. (NYSE:T) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 75,474 shares of the technology company’s stock, valued at approximately $1,562,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fairway Wealth LLC acquired a new stake in shares of AT&T in the 1st quarter valued at approximately $29,000. Robinswood Financial LLC purchased a new position in AT&T in the first quarter worth $29,000. Safe Harbor Fiduciary LLC acquired a new stake in AT&T in the fourth quarter valued at $25,000. Cresta Advisors Ltd. purchased a new stake in shares of AT&T during the 4th quarter worth $26,000. Finally, Blueline Advisors LLC purchased a new stake in shares of AT&T during the 4th quarter worth $26,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Price Performance

Shares of NYSE T opened at $25.42 on Friday. The stock has a market cap of $174.16 billion, a price-to-earnings ratio of 8.42, a PEG ratio of 1.05 and a beta of 0.23. AT&T Inc. has a 52 week low of $19.89 and a 52 week high of $29.79. The company’s 50-day moving average price is $23.06 and its 200 day moving average price is $25.23. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06.

AT&T (NYSE:T) last posted its earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share for the quarter, beating 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 net margin of 16.94% and a return on equity of 12.86%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period last year, the firm posted $0.54 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, research analysts forecast that AT&T Inc. will post 2.34 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Friday, July 10th. AT&T’s dividend payout ratio (DPR) is 36.75%.

Wall Street Analyst Weigh In

T has been the topic of a number of recent analyst reports. Wolfe Research raised shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price target on the stock in a research note on Thursday, July 23rd. Scotiabank lowered 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. Wall Street Zen raised shares of AT&T from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. Argus reduced their price target on shares of AT&T from $33.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. Finally, Royal Bank Of Canada decreased their price target on AT&T from $31.00 to $27.00 and set an “outperform” rating on the stock in a research note 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $29.19.

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.