Hourglass Capital LLC Sells 34,750 Shares of AT&T Inc. $T

Hourglass Capital LLC reduced its position in shares of AT&T Inc. (NYSE:T) by 16.2% in the second quarter, Holdings Channel reports. The firm owned 180,040 shares of the technology company’s stock after selling 34,750 shares during the period. Hourglass Capital LLC’s holdings in AT&T were worth $3,727,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new stake in AT&T during the fourth quarter valued at $2,181,977,000. Amundi grew its position in AT&T by 67.5% during the third quarter. Amundi now owns 42,295,492 shares of the technology company’s stock worth $1,094,184,000 after buying an additional 17,040,328 shares in the last quarter. Alyeska Investment Group L.P. increased its stake in AT&T by 620.8% in the 4th quarter. Alyeska Investment Group L.P. now owns 11,891,778 shares of the technology company’s stock worth $295,392,000 after acquiring an additional 10,241,949 shares during the last quarter. State Street Corp increased its stake in AT&T by 2.6% in the 4th quarter. State Street Corp now owns 332,089,723 shares of the technology company’s stock worth $8,249,109,000 after acquiring an additional 8,314,678 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of AT&T by 49.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 25,155,597 shares of the technology company’s stock valued at $624,865,000 after acquiring an additional 8,297,201 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on T shares. TD Cowen lifted their price target on AT&T from $32.00 to $33.00 and gave the company a “hold” rating in a research report on Thursday, July 23rd. The Goldman Sachs Group set a $30.00 price objective on shares of AT&T in a research report on Wednesday, July 22nd. Wall Street Zen raised shares of AT&T from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Royal Bank Of Canada dropped their target price on shares of AT&T from $31.00 to $27.00 and set an “outperform” rating for the company in a research report on Monday, July 20th. Finally, Weiss Ratings raised shares of AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 3rd. 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 assigned a Sell rating to the company. According to data from MarketBeat, AT&T presently has a consensus rating of “Moderate Buy” and an average price target of $29.19.

AT&T Trading Up 1.3%

Shares of T stock opened at $24.89 on Friday. The business has a 50-day moving average price of $22.62 and a two-hundred day moving average price of $25.25. AT&T Inc. has a 12-month low of $19.89 and a 12-month high of $29.79. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 1.06. The firm has a market cap of $170.58 billion, a P/E ratio of 8.24, a price-to-earnings-growth ratio of 1.01 and a beta of 0.23.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.59 by $0.06. The firm 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 revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.54 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities analysts anticipate that AT&T Inc. will post 2.34 EPS for the current fiscal year.

AT&T Announces Dividend

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 4.5%. The ex-dividend date was Friday, July 10th. AT&T’s dividend payout ratio (DPR) is presently 36.75%.

More AT&T News

Here are the key news stories impacting AT&T this week:

• Positive Sentiment: AT&T is reinforcing its Hawaiian network and deploying disaster-response resources ahead of Tropical Storm Lala. The effort could strengthen customer trust and satisfaction, though the financial impact is likely modest unless it improves retention or attracts new subscribers. Can AT&T’s Disaster Connectivity Efforts Drive Customer Satisfaction?
• Positive Sentiment: AT&T’s chief marketing officer said customers with strong “brand love” are three times less likely to leave, 50% more likely to purchase a second product and less expensive to acquire. If sustained, those trends could lower churn and customer-acquisition costs while supporting revenue growth and profitability. AT&T’s CMO tied brand love to customer economics
• Positive Sentiment: One comparison concludes AT&T offers more upside potential than SpaceX based on stronger recent performance, a cheaper valuation and its 2026 growth outlook. This reinforces the value case behind AT&T’s low earnings multiple, although it does not represent a new company forecast. AT&T vs. SpaceX
• Neutral Sentiment: A post-earnings-sector review benchmarks AT&T against wireless, cable and satellite peers, offering broader context on its second-quarter performance but no clearly identified new catalyst in the available report. Wireless, Cable and Satellite Stocks Q2 Recap
• Negative Sentiment: Although AT&T has more than doubled over three years and still looks inexpensive on several valuation measures, its weaker recent performance and slower growth raise questions about how much further the shares can advance. AT&T Stock Still Looks a Bargain on Earnings but Weaker on Growth
• Negative Sentiment: SpaceX’s ambitions to capture a large share of internet traffic highlight a longer-term competitive threat to traditional connectivity providers, even though current comparisons favor AT&T’s valuation and outlook. SpaceX Internet Traffic Ambitions

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.