AT&T Inc. $T Stock Position Lifted by Ibex Wealth Advisors

Ibex Wealth Advisors increased its stake in AT&T Inc. (NYSE:T) by 5.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 584,332 shares of the technology company’s stock after purchasing an additional 32,064 shares during the quarter. AT&T comprises about 1.6% of Ibex Wealth Advisors’ portfolio, making the stock its 17th biggest holding. Ibex Wealth Advisors’ holdings in AT&T were worth $16,940,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rachor Investment Advisory Services LLC acquired a new stake in shares of AT&T in the 4th quarter worth approximately $25,000. Safe Harbor Fiduciary LLC acquired a new position in shares of AT&T during the fourth quarter valued at approximately $25,000. Cresta Advisors Ltd. bought a new stake in AT&T during the fourth quarter worth approximately $26,000. Blueline Advisors LLC acquired a new stake in AT&T in the fourth quarter worth approximately $26,000. Finally, Winnow Wealth LLC lifted its position in AT&T by 362.8% in the fourth quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company’s stock worth $26,000 after purchasing an additional 820 shares during the period. Institutional investors own 57.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on T. Weiss Ratings lowered AT&T from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Royal Bank Of Canada reissued an “outperform” rating and issued a $31.00 price target on shares of AT&T in a report on Wednesday, May 20th. Scotiabank reduced their price objective on shares of AT&T from $31.50 to $31.00 and set a “sector perform” rating for the company in a research report on Thursday, April 23rd. BNP Paribas Exane lowered their price objective on shares of AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. Finally, Barclays dropped their target price on shares of AT&T from $26.00 to $24.00 and set an “equal weight” rating on the stock in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.68.

AT&T Stock Performance

Shares of T opened at $21.02 on Friday. The company has a 50-day moving average of $23.47 and a two-hundred day moving average of $25.43. The stock has a market cap of $146.04 billion, a price-to-earnings ratio of 7.05, a PEG ratio of 0.86 and a beta of 0.24. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.92 and a quick ratio of 0.87. AT&T Inc. has a one year low of $19.89 and a one year high of $29.79.

AT&T (NYSE:T) last announced its earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.02. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The company had revenue of $31.51 billion for the quarter, compared to the consensus estimate of $31.29 billion. During the same period in the previous year, the business earned $0.51 EPS. The company’s revenue was up 2.9% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, equities research analysts expect that AT&T Inc. will post 2.31 earnings per share for the current year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 10th will be given a dividend of $0.2775 per share. The ex-dividend date is Friday, July 10th. This represents a $1.11 dividend on an annualized basis and a yield of 5.3%. AT&T’s dividend payout ratio (DPR) is presently 37.25%.

Key Stories Impacting AT&T

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

• Positive Sentiment: AT&T ranked #1 in customer satisfaction for small business internet service by JD Power, highlighting strong product quality and support for its business connectivity strategy.
• Positive Sentiment: Coverage suggesting AT&T is gaining an edge as a bankrupt carrier exits the market could support market-share expectations and sentiment.
• Neutral Sentiment: New comparisons versus Verizon keep AT&T in focus as investors assess fiber and wireless growth prospects versus valuation.
• Negative Sentiment: Wells Fargo initiated AT&T with an underweight rating and an $18 price target, signaling concern about near-term upside.
• Negative Sentiment: Barclays cut its price target on AT&T to $24 from $26, reflecting a more cautious valuation view.

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.