Magnolia Capital Advisors LLC Acquires New Shares in AT&T Inc. $T

Magnolia Capital Advisors LLC bought a new stake in AT&T Inc. (NYSE:T) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 33,658 shares of the technology company’s stock, valued at approximately $697,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rachor Investment Advisory Services LLC bought a new stake in shares of AT&T in the 4th quarter valued at about $25,000. Safe Harbor Fiduciary LLC acquired a new position in AT&T during the fourth quarter valued at approximately $25,000. Cresta Advisors Ltd. acquired a new position in AT&T during the fourth quarter valued at approximately $26,000. Blueline Advisors LLC bought a new stake in AT&T in the fourth quarter valued at approximately $26,000. Finally, Winnow Wealth LLC increased its stake 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 purchasing an additional 820 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

Shares of NYSE T opened at $25.88 on Thursday. The company has a fifty day moving average price of $23.00 and a 200 day moving average price of $25.24. The firm has a market cap of $177.34 billion, a PE ratio of 8.57, a PEG ratio of 1.05 and a beta of 0.23. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06. AT&T Inc. has a 1-year low of $19.89 and a 1-year high of $29.79.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. The company had revenue of $31.56 billion for the quarter, compared to analyst estimates of $31.80 billion. AT&T had a return on equity of 12.86% and a net margin of 16.94%.The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Research analysts predict that AT&T Inc. will post 2.34 earnings per share for the current fiscal year.

AT&T Announces Dividend

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 dividend of $0.2775 per share. The ex-dividend date was Friday, July 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.3%. AT&T’s dividend payout ratio is currently 36.75%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. TD Cowen lifted their price target on shares of AT&T from $32.00 to $33.00 and gave the stock a “hold” rating in a research report on Thursday, July 23rd. Royal Bank Of Canada dropped their price objective on AT&T from $31.00 to $27.00 and set an “outperform” rating on the stock in a research note on Monday, July 20th. Weiss Ratings upgraded AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 3rd. Barclays decreased their target price on AT&T from $26.00 to $24.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 8th. Finally, Argus lowered their price target on AT&T from $33.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $29.19.

AT&T Company Profile

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.