Forum Private Client Group LLC Acquires New Shares in AT&T Inc. $T

Forum Private Client Group LLC bought a new stake in shares of AT&T Inc. (NYSE:T) during the 2nd quarter, HoldingsChannel reports. The firm bought 43,262 shares of the technology company’s stock, valued at approximately $896,000. AT&T accounts for about 0.3% of Forum Private Client Group LLC’s portfolio, making the stock its 19th biggest position.

Other institutional investors have also added to or reduced their stakes in the company. Rachor Investment Advisory Services LLC purchased a new position in shares of AT&T in the fourth quarter worth $25,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of AT&T during the fourth quarter valued at $25,000. Cresta Advisors Ltd. purchased a new stake in shares of AT&T during the fourth quarter valued at $26,000. Blueline Advisors LLC bought a new stake in AT&T in the 4th quarter worth about $26,000. Finally, Winnow Wealth LLC increased its holdings in AT&T by 362.8% in the 4th quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company’s stock worth $26,000 after buying an additional 820 shares in the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on T shares. Weiss Ratings raised AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 3rd. Oppenheimer downgraded shares of AT&T from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 3rd. Scotiabank decreased their price objective on shares of AT&T from $31.00 to $29.25 and set a “sector perform” rating for the company in a report on Wednesday, July 15th. Royal Bank Of Canada decreased their price objective on shares of AT&T from $31.00 to $27.00 and set an “outperform” rating for the company in a report on Monday, July 20th. Finally, Wolfe Research upgraded shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price objective on the stock in a research report on Thursday, July 23rd. 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, AT&T currently has an average rating of “Moderate Buy” and an average target price of $29.19.

AT&T Trading Up 1.6%

NYSE:T opened at $25.70 on Tuesday. AT&T Inc. has a one year low of $19.89 and a one year high of $29.79. The business has a fifty day moving average price of $22.88 and a 200-day moving average price of $25.26. The firm has a market capitalization of $176.13 billion, a price-to-earnings ratio of 8.51, a price-to-earnings-growth ratio of 1.03 and a beta of 0.23. 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 released its earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.06. AT&T had a return on equity of 12.86% and a net margin of 16.94%.The company had revenue of $31.56 billion for the quarter, compared to the consensus estimate of $31.80 billion. During the same period in the previous year, the business earned $0.54 earnings per share. AT&T’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. Sell-side analysts forecast that AT&T Inc. will post 2.34 EPS for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were paid a $0.2775 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.3%. AT&T’s dividend payout ratio (DPR) 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.