AT&T Inc. $T Stock Purchased by Foster Victor Wealth Advisors LLC

Foster Victor Wealth Advisors LLC raised its holdings in shares of AT&T Inc. (NYSE:T) by 10.2% during the third quarter, HoldingsChannel.com reports. The firm owned 586,155 shares of the technology company’s stock after acquiring an additional 54,321 shares during the quarter. Foster Victor Wealth Advisors LLC’s holdings in AT&T were worth $13,599,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of T. State Street Corp grew its position in shares of AT&T by 5.8% during the 2nd quarter. State Street Corp now owns 334,273,613 shares of the technology company’s stock worth $6,919,464,000 after buying an additional 18,468,679 shares during the period. Bank of America Corp DE lifted its holdings 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 during the period. Bank of New York Mellon Corp lifted its holdings in AT&T by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 75,323,574 shares of the technology company’s stock valued at $1,559,198,000 after buying an additional 2,559,065 shares during the period. GQG Partners LLC acquired a new position in AT&T in the second quarter valued at approximately $1,223,364,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in AT&T by 2.5% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 55,616,152 shares of the technology company’s stock valued at $1,151,254,000 after acquiring an additional 1,336,556 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

Key AT&T News

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

• Positive Sentiment: AT&T reported adjusted third-quarter EPS of $0.65 and revenue of $32.32 billion, exceeding consensus estimates. Revenue increased approximately 5.2% year over year. Stock Market Today, Oct. 21: AT&T Beats Earnings on Strong Fiber Growth, Raises 2026 Profit Outlook
• Positive Sentiment: Growth was led by record Advanced Connectivity additions of 769,000, including 442,000 fiber and 327,000 fixed-wireless customers, along with 379,000 postpaid phone net additions. AT&T also added more than 1 million advanced-connectivity customers for a second consecutive quarter. T Q3 Earnings Beat Estimates on Fiber and Wireless Growth
• Positive Sentiment: Management raised its 2026 adjusted EPS outlook to approximately $2.40, maintained its long-term double-digit adjusted-earnings growth target, and plans roughly $10 billion in 2026 share repurchases. It also lowered planned annual capital investment for 2027 and 2028 to $22 billion-$23 billion. AT&T raises 2026 earnings outlook as fibre and wireless growth accelerates
• Neutral Sentiment: AT&T CEO John Stankey downplayed the threat from SpaceX’s Starlink Mobile, saying low-Earth-orbit networks are particularly useful for rural coverage. However, investors remain concerned that satellite competition could pressure wireless subscriber growth, pricing, and promotional spending. AT&T’s CEO throws shade at Musk’s Starlink mobile ambitions
• Negative Sentiment: Reported results included a $2.6 billion noncash impairment tied to the Mexico wireless business, while net debt rose to approximately $149.8 billion following the EchoStar spectrum transaction. Management now expects to return to its 2.5-times net-debt-to-adjusted-EBITDA target during 2029, signaling slower deleveraging than some investors expected. AT&T Slides After Earnings as Investors Focus on Debt, Spending and an Impairment Charge

AT&T Price Performance

AT&T stock opened at $21.95 on Thursday. 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 firm has a market capitalization of $150.38 billion, a P/E ratio of 7.27, a PEG ratio of 1.14 and a beta of 0.25. The business has a 50-day moving average of $24.90 and a 200-day moving average of $24.29. AT&T Inc. has a 1 year low of $19.89 and a 1 year high of $29.43.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, October 21st. The technology company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.05. The business had revenue of $32.32 billion for the quarter, compared to the consensus estimate of $31.69 billion. AT&T had a net margin of 16.94% and a return on equity of 12.86%. AT&T’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period last year, the company posted $0.54 EPS. On average, equities analysts anticipate that AT&T Inc. will post 2.33 EPS for the current year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Monday, October 12th will be issued a dividend of $0.2775 per share. The ex-dividend date is Friday, October 9th. This represents a $1.11 dividend on an annualized basis and a yield of 5.1%. AT&T’s payout ratio is currently 36.75%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on T. BNP Paribas Exane raised shares of AT&T from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $26.00 to $30.00 in a report on Monday, September 21st. TD Cowen upped their target price on shares of AT&T from $32.00 to $33.00 and gave the company a “hold” rating in a research report on Thursday, July 23rd. Argus cut their price target on AT&T from $33.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, July 23rd. Royal Bank Of Canada reduced their price target on AT&T from $31.00 to $27.00 and set an “outperform” rating on the stock in a research report on Monday, July 20th. Finally, Morgan Stanley raised their price target on AT&T from $27.00 to $28.00 and gave the stock an “overweight” rating in a research report on Monday, September 28th. Eleven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $28.89.

About AT&T

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.