AT&T Inc. $T Shares Sold by Talbot Financial LLC

Talbot Financial LLC trimmed its position in AT&T Inc. (NYSE:T) by 12.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 409,903 shares of the technology company’s stock after selling 56,371 shares during the quarter. Talbot Financial LLC’s holdings in AT&T were worth $10,002,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of T. State Street Corp lifted its position in 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 acquiring an additional 18,468,679 shares during the last quarter. Bank of America Corp DE boosted its holdings in AT&T by 4.6% during 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 acquiring an additional 5,449,222 shares during the period. Bank of New York Mellon Corp grew its position in shares of 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 purchasing an additional 2,559,065 shares during the last quarter. GQG Partners LLC acquired a new stake in shares of AT&T in the second quarter valued at about $1,223,364,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of 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 worth $1,151,254,000 after purchasing an additional 1,336,556 shares during the period. 57.10% of the stock is owned by institutional investors.

AT&T Stock Performance

AT&T stock traded down $0.15 during mid-day trading on Monday, reaching $23.29. The company had a trading volume of 13,943,055 shares, compared to its average volume of 48,406,285. 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 Inc. has a 52 week low of $19.89 and a 52 week high of $29.43. The company has a 50 day moving average of $24.98 and a 200-day moving average of $24.41. The firm has a market cap of $159.56 billion, a price-to-earnings ratio of 7.71, a PEG ratio of 1.14 and a beta of 0.25.

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 the consensus estimate of $0.59 by $0.06. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The company had revenue of $31.56 billion for the quarter, compared to the consensus estimate of $31.80 billion. During the same quarter in the previous year, the firm posted $0.54 EPS. The business’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. On average, sell-side analysts expect that AT&T Inc. will post 2.33 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Monday, October 12th will be paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Friday, October 9th. AT&T’s dividend payout ratio (DPR) is presently 36.75%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on T shares. Weiss Ratings raised AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 3rd. KeyCorp restated an “overweight” rating and set a $36.00 target price on shares of AT&T in a research note on Wednesday, October 7th. TD Cowen raised their target price on AT&T from $32.00 to $33.00 and gave the company a “hold” rating in a report on Thursday, July 23rd. Sanford C. Bernstein downgraded AT&T from an “outperform” rating to a “market perform” rating and set a $24.00 price target on the stock. in a research report on Tuesday, October 13th. Finally, Argus dropped their price target on AT&T from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. Eleven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $29.05.

Key AT&T News

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

• Positive Sentiment: AT&T, the NBA and WNBA launched the fourth-generation High-Speed Arena Network, extending AT&T’s multiyear role as the leagues’ official connectivity partner. The network will support live game content, replays, statistics and arena operations, reinforcing AT&T’s enterprise-networking capabilities and relationship with major sports venues. AT&T, NBA and WNBA Launch Next-Generation Network Built for the Future of Basketball
• Positive Sentiment: AT&T is supporting a technology upgrade at Miami’s Kaseya Center, with Wi-Fi delivered alongside CSPi Technology Solutions and Hewlett Packard Enterprise. The project could provide incremental enterprise-networking exposure, although the financial contribution to AT&T was not disclosed. CSPi Technology Solutions Announces Technology Project
• Neutral Sentiment: An investment commentary highlighted AT&T as a selection in President Donald Trump’s stock portfolio and cited potential customer-retention benefits from bundling fiber broadband with wireless service. However, the article is opinion-based and does not provide a new company announcement or financial guidance. AT&T Is in Trump’s Portfolio. Buy Before Earnings?
• Negative Sentiment: SpaceX’s reported $8 billion spectrum deal with Grain Management is raising concerns that SpaceX could become a stronger competitor in wireless connectivity. The resulting pressure on AT&T, Verizon and T-Mobile shares appears to be the main negative catalyst, as investors assess potential effects on spectrum access, pricing and market share. SpaceX’s Spectrum Deal Hits Telecom Stocks

AT&T Company 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.