30,322 Shares in AT&T Inc. $T Purchased by Triton Financial Group Inc

Triton Financial Group Inc acquired a new position in AT&T Inc. (NYSE:T) in the 2nd quarter, Holdings Channel reports. The firm acquired 30,322 shares of the technology company’s stock, valued at approximately $628,000.

Several other large investors have also bought and sold shares of the company. Safe Harbor Fiduciary LLC bought a new stake in shares of AT&T during the 4th quarter valued at $25,000. Cresta Advisors Ltd. bought a new position in shares of AT&T in the 4th quarter worth about $26,000. Blueline Advisors LLC purchased a new position in AT&T during the 4th quarter valued at about $26,000. Winnow Wealth LLC lifted its position in AT&T by 362.8% during the 4th quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company’s stock valued at $26,000 after acquiring an additional 820 shares during the period. Finally, Addison Advisors LLC bought a new stake in AT&T during the second quarter worth about $27,000. 57.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

T has been the topic of a number of recent research reports. Morgan Stanley upped their price objective on shares of AT&T from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Weiss Ratings upgraded shares of AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 3rd. Wall Street Zen raised AT&T from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. Royal Bank Of Canada cut 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. Finally, Oppenheimer lowered AT&T from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 3rd. One equities research 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 assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $29.19.

AT&T Stock Performance

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

AT&T (NYSE:T) last issued 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. The business had revenue of $31.56 billion during the quarter, compared to analysts’ expectations of $31.80 billion. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Sell-side analysts expect that AT&T Inc. will post 2.34 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were given a $0.2775 dividend. 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 is 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.