Ledyard National Bank Sells 133,802 Shares of AT&T Inc. $T

Ledyard National Bank cut its stake in shares of AT&T Inc. (NYSE:T) by 69.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 58,374 shares of the technology company’s stock after selling 133,802 shares during the period. Ledyard National Bank’s holdings in AT&T were worth $1,424,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in T. State Street Corp boosted 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 valued at $6,919,464,000 after acquiring an additional 18,468,679 shares during the last quarter. Bank of America Corp DE grew its stake in AT&T by 4.6% in the 1st quarter. Bank of America Corp DE now owns 125,191,700 shares of the technology company’s stock worth $3,629,307,000 after buying an additional 5,449,222 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of AT&T by 12.7% in the 1st quarter. Bank of New York Mellon Corp now owns 72,764,509 shares of the technology company’s stock worth $2,109,443,000 after buying an additional 8,197,935 shares during the last quarter. GQG Partners LLC bought a new position in shares of AT&T in the 2nd quarter worth $1,223,364,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of AT&T by 2.5% in the 2nd 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 buying an additional 1,336,556 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on T. TD Cowen reaffirmed a “hold” rating and set a $33.00 price target on shares of AT&T in a research note on Thursday. Scotiabank decreased their price objective on AT&T from $27.50 to $26.50 and set a “sector perform” rating on the stock in a report on Friday, October 9th. The Goldman Sachs Group set a $27.00 target price on AT&T in a research report on Wednesday. Sanford C. Bernstein downgraded AT&T from an “outperform” rating to a “market perform” rating and set a $24.00 target price for the company. in a research report on Tuesday, October 13th. Finally, Wolfe Research upgraded shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price target on the stock in a research report on Thursday, July 23rd. Twelve equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $28.55.

Key Stories Impacting AT&T

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

• Positive Sentiment: AT&T reported third-quarter adjusted EPS of $0.65 and revenue of $32.32 billion, exceeding analyst estimates. Revenue increased roughly 5.2% year over year, supported by fiber and wireless growth. AT&T quarterly earnings results
• Positive Sentiment: Record Advanced Connectivity additions included 769,000 internet customers, 442,000 fiber additions and 379,000 postpaid phone additions. Management raised its 2026 adjusted EPS outlook to approximately $2.40 and plans roughly $10 billion in share repurchases. AT&T third-quarter results
• Positive Sentiment: Argus reaffirmed its buy rating with a $30 price target, while JPMorgan and KeyCorp maintained positive ratings despite reducing their targets to $31 and $33, respectively. Analyst ratings
• Neutral Sentiment: AT&T plans to reduce annual capital spending by about $1 billion in 2027–2028 while retaining its goal of reaching more than 60 million fiber locations by 2030. The lower spending supports cash flow but could raise questions about growth investment and fiber execution. AT&T fiber spending strategy
• Negative Sentiment: Investors are concerned that debt reduction is taking longer than expected. Net debt rose following the EchoStar spectrum transaction, and management now expects to return to its targeted net-debt-to-EBITDA range in 2029. A $2.6 billion noncash impairment tied to the Mexico wireless business also weighed on sentiment. AT&T debt and impairment analysis
• Negative Sentiment: Potential competition from SpaceX’s Starlink Mobile service is amplifying concerns about wireless subscriber growth, pricing and the need for additional customer incentives. Fiber introductory promotions are also pressuring pricing. Telecom stocks and Starlink concerns

AT&T Trading Up 3.7%

NYSE T opened at $22.73 on Friday. AT&T Inc. has a 12 month low of $19.89 and a 12 month high of $29.43. The stock has a market cap of $155.72 billion, a P/E ratio of 7.52, a P/E/G ratio of 1.04 and a beta of 0.25. The stock’s fifty day moving average price is $24.86 and its 200-day moving average price is $24.25. The company has a current ratio of 0.87, a quick ratio of 0.93 and a debt-to-equity ratio of 1.22.

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 the consensus estimate of $0.60 by $0.05. The company had revenue of $32.32 billion during the quarter, compared to the consensus estimate of $31.69 billion. AT&T had a net margin of 10.19% and a return on equity of 13.41%. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.54 earnings per share. As a group, equities analysts forecast that AT&T Inc. will post 2.39 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Monday, October 12th will be paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.9%. The ex-dividend date is Friday, October 9th. AT&T’s dividend payout ratio (DPR) is currently 36.75%.

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.