First Bancorp Inc ME Takes $554,000 Position in AT&T Inc. $T

First Bancorp Inc ME bought a new position in AT&T Inc. (NYSE:T) during the second quarter, according to its most recent filing with the SEC. The firm bought 26,756 shares of the technology company’s stock, valued at approximately $554,000.

Other hedge funds have also bought and sold shares of the company. Fairway Wealth LLC purchased a new stake in shares of AT&T in the first quarter worth approximately $29,000. Robinswood Financial LLC purchased a new position in shares of AT&T during the first quarter valued at approximately $29,000. Safe Harbor Fiduciary LLC purchased a new position in shares of AT&T during the fourth quarter valued at approximately $25,000. Rachor Investment Advisory Services LLC bought a new stake in AT&T during the fourth quarter worth $25,000. Finally, Cresta Advisors Ltd. bought a new stake in AT&T during the fourth quarter worth $26,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Trading Up 0.4%

NYSE T opened at $25.88 on Thursday. The stock has a market capitalization of $177.34 billion, a price-to-earnings ratio of 8.57, a PEG ratio of 1.05 and a beta of 0.23. 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 business’s fifty day moving average is $23.00 and its 200-day moving average is $25.24.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. The company had revenue of $31.56 billion for 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 quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.54 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities research analysts predict 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 $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%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on T shares. Barclays dropped their price objective on AT&T from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 8th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $25.00 target price on shares of AT&T in a research note on Monday, July 13th. Wall Street Zen upgraded shares of AT&T from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. Royal Bank Of Canada dropped their price target 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. Finally, Wells Fargo & Company boosted their price target on shares of AT&T from $18.00 to $20.00 and gave the stock an “underweight” rating in a report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have assigned a Hold rating and one has issued 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.

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.