Allworth Financial LP Sells 33,934 Shares of AT&T Inc. $T

Allworth Financial LP lowered its stake in AT&T Inc. (NYSE:T) by 2.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,142,510 shares of the technology company’s stock after selling 33,934 shares during the period. Allworth Financial LP’s holdings in AT&T were worth $23,650,000 at the end of the most recent quarter.

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

More AT&T News

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

• Positive Sentiment: CEO John Stankey will speak at the Goldman Sachs Communacopia + Technology Conference on September 9, offering investors an update on AT&T’s multiyear growth strategy. The company plans to highlight its fiber and 5G investments and reiterated its previously issued financial outlook and capital-allocation plan, reducing the risk of a negative guidance surprise. John Stankey to Update Shareholders at Goldman Sachs Communacopia + Technology Conference
• Positive Sentiment: AT&T is expanding its smartphone lineup with Samsung’s Galaxy S26 FE, flexible pricing and upgrade options. The offering could support customer satisfaction, device upgrades and wireless retention, although the financial benefit will depend on subscriber adoption and promotional costs. Can AT&T’s Latest Smartphone Offers Boost Customer Satisfaction?
• Neutral Sentiment: AT&T provided technical support for Dallas’ Republican midterm convention. The event is not expected to materially affect earnings, but political involvement could draw additional public attention to the company.
• Negative Sentiment: VoIP-Pal filed a third amended antitrust complaint naming AT&T, Verizon and T-Mobile in federal court. The streamlined case adds legal and reputational uncertainty, though the filing itself does not establish liability or indicate an immediate financial impact. VoIP-Pal Files Third Amended Complaint Against AT&T, Verizon, and T-Mobile
• Negative Sentiment: Internet outages were reported in parts of Texas, including Dallas–Fort Worth and Houston. Service was subsequently reported as operating normally, limiting the likely financial effect, but repeated disruptions could hurt customer satisfaction and increase churn concerns.

AT&T Stock Down 0.3%

Shares of NYSE T traded down $0.07 during trading on Tuesday, hitting $25.61. 39,858,464 shares of the company traded hands, compared to its average volume of 49,200,719. The firm has a market capitalization of $175.49 billion, a price-to-earnings ratio of 8.48, a P/E/G ratio of 1.27 and a beta of 0.25. The business’s fifty day moving average is $23.57 and its 200 day moving average is $25.11. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.93 and a current ratio of 0.97. AT&T Inc. has a fifty-two week low of $19.89 and a fifty-two week high of $29.79.

AT&T (NYSE:T) last issued its earnings results on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. AT&T had a return on equity of 12.86% and a net margin of 16.94%.The business had revenue of $31.56 billion during the quarter, compared to analyst estimates of $31.80 billion. During the same period in the previous year, the company posted $0.54 EPS. The firm’s revenue 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. Equities research analysts predict that AT&T Inc. will post 2.34 earnings per share for the current fiscal year.

AT&T Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have recently commented on T. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $25.00 price objective on shares of AT&T in a research note on Monday, July 13th. Argus dropped their target price on shares of AT&T from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Oppenheimer cut shares of AT&T from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 3rd. The Goldman Sachs Group set a $30.00 price target on AT&T in a report on Wednesday, July 22nd. Finally, Royal Bank Of Canada lowered their price objective on AT&T from $31.00 to $27.00 and set an “outperform” rating for the company in a research report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $29.19.

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.