Secure Asset Management LLC Cuts Position in AT&T Inc. $T

Secure Asset Management LLC reduced its position in AT&T Inc. (NYSE:T) by 38.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,985 shares of the technology company’s stock after selling 21,778 shares during the quarter. Secure Asset Management LLC’s holdings in AT&T were worth $724,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Brighton Jones LLC grew its holdings in shares of AT&T by 26.5% during the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock valued at $1,106,000 after purchasing an additional 10,188 shares during the last quarter. Osterweis Capital Management Inc. boosted its holdings in shares of AT&T by 4,352.9% during the second quarter. Osterweis Capital Management Inc. now owns 6,234 shares of the technology company’s stock worth $180,000 after purchasing an additional 6,094 shares during the period. Main Street Financial Solutions LLC grew its stake in shares of AT&T by 4.0% in the second quarter. Main Street Financial Solutions LLC now owns 26,796 shares of the technology company’s stock worth $775,000 after purchasing an additional 1,022 shares during the last quarter. HUB Investment Partners LLC grew its stake in shares of AT&T by 19.6% in the second quarter. HUB Investment Partners LLC now owns 55,730 shares of the technology company’s stock worth $1,613,000 after purchasing an additional 9,115 shares during the last quarter. Finally, Peapack Gladstone Financial Corp grew its position in shares of AT&T by 1.8% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 207,063 shares of the technology company’s stock worth $5,992,000 after buying an additional 3,677 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors.

Key AT&T News

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

• Positive Sentiment: Investor reaction to AT&T’s CFO transition was reportedly favorable, contributing to a broader rally in several blue-chip stocks after CFO changes. The market may view the move as a potential catalyst for improved execution or capital allocation. CFO Turnover at AT&T, Caterpillar, and Pfizer Sparked Rallies
• Positive Sentiment: AT&T’s operating performance is improving: second-quarter consolidated operating income rose 8.3% year over year to $7.04 billion, while adjusted EBITDA increased 5.2% to $12.34 billion. Growth is being attributed to 5G and fiber scale, cost savings, and bundled services. AT&T Benefits From Margin Expansion
• Positive Sentiment: AT&T is being highlighted as an attractive income stock as investors seek cash flow and dividend yields amid concerns about elevated AI-related valuations. Its post-media strategy centers on fiber expansion and 5G connectivity. Three Stocks for Investors Who Still Believe Cash Is King
• Neutral Sentiment: Analysts remain moderately optimistic, but AT&T has underperformed other telecom-services stocks. The comparison suggests investors may want clearer evidence that its growth and margin improvements can persist. How Is AT&T’s Stock Performance Compared to Telecom Services Stocks
• Neutral Sentiment: AT&T’s valuation and dividend profile remain central to the investment case versus Verizon, with AT&T emphasizing fiber and 5G while Verizon benefits from a larger wireless base and recent fiber acquisitions. Better Telecom Stock: AT&T vs. Verizon Communications
• Negative Sentiment: Although AT&T’s dividend is viewed as more stable after its 2022 payout cut, its safety remains an investor concern. Sustaining the dividend will depend on continued cash-flow growth, disciplined capital spending, and debt management. Is AT&T’s Dividend Finally Safe Again?

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Weiss Ratings upgraded shares of AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 3rd. TD Cowen lifted their target price on shares of AT&T from $32.00 to $33.00 and gave the company a “hold” rating in a research note on Thursday, July 23rd. Wells Fargo & Company boosted their price target on shares of AT&T from $18.00 to $20.00 and gave the company an “underweight” rating in a research report on Thursday, July 23rd. Royal Bank Of Canada decreased their price target on shares of AT&T from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Monday, July 20th. Finally, The Goldman Sachs Group set a $30.00 price target on shares of AT&T in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $29.19.

AT&T Trading Up 0.5%

NYSE T opened at $26.03 on Wednesday. The firm has a market capitalization of $178.37 billion, a PE ratio of 8.62, a P/E/G ratio of 1.28 and a beta of 0.25. The stock’s 50 day moving average is $23.29 and its 200 day moving average is $25.19. AT&T Inc. has a twelve month low of $19.89 and a twelve 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.

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

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Friday, July 10th. AT&T’s dividend payout ratio is 36.75%.

AT&T 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.