Fox Run Management L.L.C. Makes New $659,000 Investment in AT&T Inc. $T

Fox Run Management L.L.C. purchased a new stake in AT&T Inc. (NYSE:TFree Report) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 23,341 shares of the technology company’s stock, valued at approximately $659,000.

Other hedge funds have also modified their holdings of the company. Front Row Advisors LLC acquired a new position in shares of AT&T in the second quarter worth about $25,000. Mountain Hill Investment Partners Corp. raised its stake in AT&T by 363.7% during the 3rd quarter. Mountain Hill Investment Partners Corp. now owns 895 shares of the technology company’s stock valued at $25,000 after purchasing an additional 702 shares during the period. GGM Financials LLC purchased a new stake in shares of AT&T in the third quarter valued at $25,000. Cloud Capital Management LLC acquired a new stake in shares of AT&T in the third quarter worth $31,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of AT&T in the second quarter worth $32,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Trading Up 1.8%

T opened at $27.97 on Friday. AT&T Inc. has a 1-year low of $22.95 and a 1-year high of $29.79. The firm has a 50-day moving average price of $25.63 and a two-hundred day moving average price of $26.37. The stock has a market capitalization of $195.79 billion, a PE ratio of 9.17, a PEG ratio of 1.02 and a beta of 0.39. The company has a current ratio of 0.91, a quick ratio of 0.86 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:TGet Free Report) last issued its quarterly earnings results on Wednesday, January 28th. The technology company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.06. AT&T had a net margin of 17.47% and a return on equity of 12.33%. The business had revenue of $33.47 billion during the quarter, compared to analyst estimates of $32.91 billion. During the same quarter last year, the business posted $0.43 earnings per share. AT&T’s revenue for the quarter was up 3.6% 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 anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Monday, January 12th were given a dividend of $0.2775 per share. The ex-dividend date of this dividend was Monday, January 12th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.0%. AT&T’s dividend payout ratio (DPR) is currently 36.39%.

Analyst Ratings Changes

Several research firms recently commented on T. Arete Research set a $20.00 price target on shares of AT&T in a report on Tuesday, January 6th. TD Cowen reaffirmed a “hold” rating on shares of AT&T in a research report on Thursday, January 29th. Wall Street Zen lowered shares of AT&T from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. The Goldman Sachs Group lowered their target price on AT&T from $33.00 to $29.00 and set a “buy” rating on the stock in a report on Friday, December 19th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $31.00 price target on shares of AT&T in a research note on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, AT&T has an average rating of “Moderate Buy” and an average price target of $29.93.

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About AT&T

(Free Report)

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.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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