Canal Capital Management LLC Acquires 40,451 Shares of AT&T Inc. $T

Canal Capital Management LLC grew its holdings in AT&T Inc. (NYSE:T) by 16.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 285,451 shares of the technology company’s stock after purchasing an additional 40,451 shares during the quarter. AT&T comprises about 1.1% of Canal Capital Management LLC’s investment portfolio, making the stock its 26th largest position. Canal Capital Management LLC’s holdings in AT&T were worth $8,275,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in T. Rachor Investment Advisory Services LLC bought a new position in shares of AT&T in the 4th quarter valued at about $25,000. Safe Harbor Fiduciary LLC bought a new stake in shares of AT&T during the fourth quarter worth approximately $25,000. Cresta Advisors Ltd. bought a new stake in shares of AT&T during the fourth quarter worth approximately $26,000. Blueline Advisors LLC acquired a new position in AT&T in the fourth quarter valued at approximately $26,000. Finally, Winnow Wealth LLC lifted its holdings in AT&T by 362.8% in the fourth quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company’s stock valued at $26,000 after buying an additional 820 shares during the period. Institutional investors own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on T. Wall Street Zen raised shares of AT&T from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. Oppenheimer lowered AT&T from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 3rd. Weiss Ratings cut AT&T from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. Arete Research upgraded AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price objective for the company in a report on Tuesday, March 10th. Finally, KeyCorp increased their target price on AT&T from $30.00 to $36.00 and gave the company an “overweight” rating in a research note on Wednesday, March 25th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $30.55.

AT&T Price Performance

NYSE T opened at $20.57 on Friday. The firm’s 50 day moving average is $23.89 and its 200-day moving average is $25.51. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $142.89 billion, a PE ratio of 6.90, a price-to-earnings-growth ratio of 0.84 and a beta of 0.24. 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 quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.02. The firm had revenue of $31.51 billion for the quarter, compared to analyst estimates of $31.29 billion. AT&T had a return on equity of 12.49% and a net margin of 16.94%.The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.51 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities research analysts anticipate that AT&T Inc. will post 2.31 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 10th will be given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend is Friday, July 10th. AT&T’s dividend payout ratio (DPR) is currently 37.25%.

Key AT&T News

Here are the key news stories impacting AT&T this week:

• Positive Sentiment: AT&T launched an expanded Build-A-Plan offering that bundles wireless and home internet, which could strengthen its competitive position and improve customer stickiness. AT&T (T) Launches Build A Plan Expansion To Bundle Wireless And Fiber
• Positive Sentiment: Unusual call option activity suggests some traders are positioning for a rebound in the stock.
• Neutral Sentiment: Several articles this week focused on AT&T as a dividend and value stock, reinforcing its appeal to income-oriented investors.
• Negative Sentiment: AT&T remains weighed down by concerns about SpaceX/Starlink potentially becoming a bigger competitor in wireless and satellite connectivity, which has pressured telecom shares broadly. AT&T Stock’s Bad Week Just Keeps Getting Worse
• Negative Sentiment: Oppenheimer reportedly downgraded AT&T on the SpaceX threat, adding to pressure on the stock. Oppenheimer downgrades AT&T stock on SpaceX threat
• Negative Sentiment: EchoStar’s Dish filing after delays in its spectrum sale to AT&T highlights ongoing execution and regulatory uncertainty around a key transaction. EchoStar’s Dish files Chapter 11 after spectrum sale to AT&T is delayed

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.