22,982 Shares in AT&T Inc. $T Bought by Ancora Advisors LLC

Ancora Advisors LLC bought a new stake in AT&T Inc. (NYSE:T – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 22,982 shares of the technology company’s stock, valued at approximately $476,000.

Several other hedge funds have also recently added to or reduced their stakes in T. PDT Partners LLC bought a new stake in AT&T during the second quarter valued at $575,000. Canada Pension Plan Investment Board bought a new position in shares of AT&T in the 2nd quarter worth about $130,182,000. The Manufacturers Life Insurance Company acquired a new position in shares of AT&T in the 2nd quarter valued at about $102,416,000. Finally, Kelly Lawrence W & Associates Inc. CA bought a new stake in shares of AT&T during the 2nd quarter valued at about $268,000. Institutional investors own 57.10% of the company’s stock.

T has been the subject of a number of research analyst reports. Scotiabank lowered their target price on AT&T from $31.00 to $29.25 and set a “sector perform” rating for the company in a report on Wednesday, July 15th. Morgan Stanley lifted their price objective on shares of AT&T from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Oppenheimer lowered shares of AT&T from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 3rd. Argus decreased their price target on shares of AT&T from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, July 23rd. Finally, Wall Street Zen upgraded AT&T from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. 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 given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $29.19.

Shares of NYSE T opened at $26.03 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06. The stock has a fifty day simple moving average of $23.15 and a two-hundred day simple moving average of $25.23. AT&T Inc. has a 1-year low of $19.89 and a 1-year high of $29.79. The firm has a market cap of $178.37 billion, a price-to-earnings ratio of 8.62, a price-to-earnings-growth ratio of 1.03 and a beta of 0.23.

AT&T (NYSE:T – Get Free Report) last posted its earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.06. The firm had revenue of $31.56 billion during the quarter, compared to the consensus estimate of $31.80 billion. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The company’s revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the company earned $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Analysts anticipate that AT&T Inc. will post 2.34 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were pa...