57,151 Shares in AT&T Inc. $T Purchased by Paradigm Capital Management LLC NV

Paradigm Capital Management LLC NV bought a new position in shares of AT&T Inc. (NYSE:T) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 57,151 shares of the technology company’s stock, valued at approximately $1,183,000. AT&T makes up 1.0% of Paradigm Capital Management LLC NV’s holdings, making the stock its 25th largest position.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Rachor Investment Advisory Services LLC acquired a new stake in shares of AT&T during the 4th quarter valued at approximately $25,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of AT&T in the fourth quarter valued at about $25,000. Cresta Advisors Ltd. acquired a new stake in shares of AT&T in the fourth quarter valued at approximately $26,000. Blueline Advisors LLC purchased a new position in shares of AT&T during the 4th quarter worth approximately $26,000. Finally, Winnow Wealth LLC raised its position in shares of AT&T by 362.8% during the 4th 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 last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. TD Cowen increased their target price on AT&T from $32.00 to $33.00 and gave the company a “hold” rating in a report on Thursday, July 23rd. Royal Bank Of Canada cut their price target on AT&T from $31.00 to $27.00 and set an “outperform” rating for the company in a report on Monday, July 20th. Wall Street Zen upgraded AT&T from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. Wolfe Research raised AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price objective on the stock in a research note on Thursday, July 23rd. Finally, Oppenheimer lowered AT&T from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, AT&T has a consensus rating of “Moderate Buy” and a consensus price target of $29.19.

AT&T Trading Up 0.3%

Shares of T stock opened at $25.77 on Wednesday. The firm has a market cap of $176.55 billion, a P/E ratio of 8.53, a PEG ratio of 1.05 and a beta of 0.23. The firm’s 50-day simple moving average is $22.93 and its 200-day simple moving average is $25.25. AT&T Inc. has a 1-year low of $19.89 and a 1-year high of $29.79. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.97 and a quick ratio of 0.93.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, July 22nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, beating 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 company had revenue of $31.56 billion during the quarter, compared to analysts’ expectations of $31.80 billion. During the same period in the previous year, the company earned $0.54 EPS. The business’s quarterly revenue 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, equities analysts forecast that AT&T Inc. will post 2.34 EPS for the current year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Friday, July 10th. AT&T’s payout ratio is 36.75%.

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.