United Capital Financial Advisors LLC Makes New Investment in AT&T Inc. $T

United Capital Financial Advisors LLC bought a new stake in AT&T Inc. (NYSE:T) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 553,172 shares of the technology company’s stock, valued at approximately $11,451,000.

A number of other institutional investors have also recently made changes to their positions in T. Bank of America Corp DE purchased a new stake in AT&T in the 2nd quarter worth about $2,310,898,000. Norges Bank purchased a new stake in AT&T during the fourth quarter valued at about $2,181,977,000. GQG Partners LLC bought a new position in AT&T during the second quarter worth about $1,223,364,000. Legal & General Group Plc bought a new position in AT&T during the second quarter worth about $960,695,000. Finally, Amundi boosted its position in AT&T by 67.5% during the third quarter. Amundi now owns 42,295,492 shares of the technology company’s stock worth $1,094,184,000 after purchasing an additional 17,040,328 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on T. Barclays lowered their price target on shares of AT&T from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 8th. TD Cowen increased their target price on AT&T from $32.00 to $33.00 and gave the stock a “hold” rating in a research report on Thursday, July 23rd. Argus cut their price target on AT&T from $33.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. Sanford C. Bernstein reiterated an “outperform” rating and issued a $25.00 price target on shares of AT&T in a research report on Monday, July 13th. Finally, Weiss Ratings upgraded AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $29.19.

AT&T Price Performance

Shares of NYSE:T opened at $25.42 on Friday. The company has a 50 day moving average of $23.06 and a 200 day moving average of $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. The stock has a market cap of $174.16 billion, a P/E ratio of 8.42, a P/E/G ratio of 1.05 and a beta of 0.23. AT&T Inc. has a 12 month low of $19.89 and a 12 month high of $29.79.

AT&T (NYSE:T) last posted its earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.06. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The business had revenue of $31.56 billion for the quarter, compared to analysts’ expectations of $31.80 billion. During the same period in the prior year, the company posted $0.54 EPS. The business’s revenue for the quarter 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. As a group, sell-side analysts forecast that AT&T Inc. will post 2.34 EPS for the current fiscal year.

AT&T Dividend Announcement

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

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.