Faithward Advisors LLC Acquires 32,862 Shares of AT&T Inc. $T

Faithward Advisors LLC increased its holdings in shares of AT&T Inc. (NYSE:T) by 116.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 61,132 shares of the technology company’s stock after purchasing an additional 32,862 shares during the period. Faithward Advisors LLC’s holdings in AT&T were worth $1,772,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Tsfg LLC increased its position in AT&T by 3.6% in the 4th quarter. Tsfg LLC now owns 10,656 shares of the technology company’s stock worth $265,000 after buying an additional 366 shares during the period. Lifestyle Asset Management Inc. boosted its position in shares of AT&T by 3.6% in the fourth quarter. Lifestyle Asset Management Inc. now owns 10,511 shares of the technology company’s stock valued at $261,000 after acquiring an additional 368 shares during the period. Hillsdale Investment Management Inc. boosted its position in shares of AT&T by 1.2% in the fourth quarter. Hillsdale Investment Management Inc. now owns 31,970 shares of the technology company’s stock valued at $794,000 after acquiring an additional 370 shares during the period. Bruce G. Allen Investments LLC grew its stake in shares of AT&T by 1.7% in the fourth quarter. Bruce G. Allen Investments LLC now owns 22,398 shares of the technology company’s stock worth $556,000 after acquiring an additional 374 shares during the last quarter. Finally, Rockline Wealth Management LLC grew its stake in shares of AT&T by 3.8% in the fourth quarter. Rockline Wealth Management LLC now owns 10,445 shares of the technology company’s stock worth $259,000 after acquiring an additional 378 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Trading Up 3.4%

Shares of AT&T stock opened at $22.85 on Wednesday. AT&T Inc. has a 52-week low of $21.99 and a 52-week high of $29.79. The firm has a market capitalization of $158.77 billion, a PE ratio of 7.67, a price-to-earnings-growth ratio of 0.92 and a beta of 0.21. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.92 and a quick ratio of 0.87. The company’s fifty day moving average price is $24.61 and its two-hundred day moving average price is $25.70.

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

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Friday, April 10th were issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend was Friday, April 10th. AT&T’s dividend payout ratio (DPR) is currently 37.25%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on T shares. Royal Bank Of Canada reiterated an “outperform” rating and set a $31.00 target price on shares of AT&T in a research note on Wednesday, May 20th. Arete Research upgraded shares of AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price target on the stock in a research report on Tuesday, March 10th. Oppenheimer downgraded shares of AT&T from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 3rd. Wall Street Zen raised shares of AT&T from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Citigroup increased their target price on shares of AT&T from $29.00 to $31.50 and gave the company a “buy” rating in a research note on Monday, March 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $30.55.

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.