AT&T Inc. $T Shares Purchased by Sound Income Strategies LLC

Sound Income Strategies LLC raised its stake in AT&T Inc. (NYSE:T) by 19.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 754,818 shares of the technology company’s stock after acquiring an additional 124,997 shares during the quarter. Sound Income Strategies LLC’s holdings in AT&T were worth $18,772,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in T. State Street Corp increased its position in AT&T by 2.6% during the 4th quarter. State Street Corp now owns 332,089,723 shares of the technology company’s stock worth $8,249,109,000 after purchasing an additional 8,314,678 shares in the last quarter. Bank of America Corp DE boosted its position in AT&T by 4.6% in the first quarter. Bank of America Corp DE now owns 125,191,700 shares of the technology company’s stock valued at $3,629,307,000 after buying an additional 5,449,222 shares in the last quarter. Bank of New York Mellon Corp boosted its position in AT&T by 12.7% in the first quarter. Bank of New York Mellon Corp now owns 72,764,509 shares of the technology company’s stock valued at $2,109,443,000 after buying an additional 8,197,935 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in AT&T by 1.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 50,375,637 shares of the technology company’s stock valued at $1,251,331,000 after buying an additional 482,321 shares in the last quarter. Finally, GQG Partners LLC bought a new stake in shares of AT&T during the second quarter worth $1,223,364,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T News Roundup

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

• Positive Sentiment: AT&T launched promotional offers for the new iPhone Duo, including up to $1,200 off with an eligible trade-in. The offer could support device sales, customer retention, and subscriber additions. AT&T iPhone Duo announcement
• Positive Sentiment: AT&T’s new fiber joint venture with Global Infrastructure Partners and CPP Investments is intended to expand the wholesale network to more than 60 million locations by 2030. AT&T expects proceeds that could help reduce debt, fund network investment, and return capital to shareholders. AT&T fiber venture analysis
• Positive Sentiment: Although Scotiabank lowered its price target from $27.50 to $26.50 and maintained a sector-perform rating, the revised target remains materially above recent trading levels, indicating potential valuation support.
• Neutral Sentiment: Recent trading has also reflected dividend-related timing, elevated Treasury yields, and a lack of fresh company-specific catalysts before AT&T’s scheduled third-quarter earnings report on October 21. AT&T has reiterated its financial outlook.
• Negative Sentiment: SpaceX agreed to acquire nationwide low-band spectrum for Starlink Mobile, giving it a clearer path to provide satellite-to-phone connectivity without relying entirely on traditional carriers. Investors fear the move could intensify competition, pressure wireless pricing, and slow subscriber or revenue growth at AT&T. SpaceX spectrum deal coverage
• Negative Sentiment: AT&T also faces a $177 million approved settlement related to a data breach, adding a legal and reputational overhang, although the immediate stock reaction is being driven primarily by SpaceX competition concerns. AT&T data breach settlement

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Royal Bank Of Canada lowered their price target on shares of AT&T from $31.00 to $27.00 and set an “outperform” rating for the company in a report on Monday, July 20th. Argus cut their price objective on AT&T from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. KeyCorp restated an “overweight” rating and set a $36.00 price objective on shares of AT&T in a research report on Wednesday. Barclays lowered their target price on AT&T from $26.00 to $24.00 and set an “equal weight” rating for the company in a report on Wednesday, July 8th. Finally, Wolfe Research raised AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price target on the stock in a research note on Thursday, July 23rd. Twelve investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, AT&T presently has an average rating of “Moderate Buy” and a consensus price target of $29.11.

AT&T Trading Down 10.8%

Shares of AT&T stock traded down $2.69 during midday trading on Friday, reaching $22.18. The company had a trading volume of 150,366,455 shares, compared to its average volume of 48,517,793. The stock has a fifty day moving average price of $25.02 and a 200 day moving average price of $24.64. AT&T Inc. has a fifty-two week low of $19.89 and a fifty-two week high of $29.43. The firm has a market cap of $151.97 billion, a PE ratio of 7.34, a P/E/G ratio of 1.22 and a beta of 0.25. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.97 and a quick ratio of 0.93.

AT&T (NYSE:T) last released its earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The business had revenue of $31.56 billion during the quarter, compared to the consensus estimate of $31.80 billion. During the same quarter in the prior year, the firm posted $0.54 EPS. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, equities analysts anticipate that AT&T Inc. will post 2.33 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Monday, October 12th will be paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Friday, October 9th. AT&T’s dividend payout ratio is currently 36.75%.

AT&T Profile

AT&T Inc (NYSE: T) is a telecommunications company that provides wireless communications, broadband, and related connectivity services. Its offerings include mobile voice and data plans, internet access, fiber broadband, fixed wireless services, and business communications solutions.

The company serves consumers, businesses, government agencies, and other organizations primarily in the United States. AT&T’s business operations include wireless network services, wireline connectivity, fiber-optic internet, voice services, and networking solutions designed to connect locations, devices, and applications.

AT&T traces its history to the Bell System and has operated under its current corporate name since 2005, following the acquisition of AT&T Corp.