285,433 AT&T Inc. $T Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC cut its position in AT&T Inc. (NYSE:T) by 65.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 147,768 shares of the technology company’s stock after selling 285,433 shares during the period. International Assets Investment Management LLC’s holdings in AT&T were worth $3,591,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in T. Hibernia Wealth Partners LLC increased its holdings in AT&T by 4.5% in the 1st quarter. Hibernia Wealth Partners LLC now owns 9,105 shares of the technology company’s stock worth $264,000 after acquiring an additional 392 shares during the last quarter. M.E. Allison & CO. Inc. raised its stake in AT&T by 0.5% in the 2nd quarter. M.E. Allison & CO. Inc. now owns 76,978 shares of the technology company’s stock valued at $1,593,000 after acquiring an additional 397 shares during the period. Accredited Investors Inc. lifted its holdings in AT&T by 3.5% during the first quarter. Accredited Investors Inc. now owns 11,901 shares of the technology company’s stock valued at $345,000 after purchasing an additional 400 shares during the last quarter. Welch & Forbes LLC lifted its holdings in AT&T by 0.3% during the first quarter. Welch & Forbes LLC now owns 133,287 shares of the technology company’s stock valued at $3,864,000 after purchasing an additional 432 shares during the last quarter. Finally, Bank & Trust Co lifted its holdings in AT&T by 0.9% during the third quarter. Bank & Trust Co now owns 52,105 shares of the technology company’s stock valued at $1,271,000 after purchasing an additional 440 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Down 0.9%

Shares of NYSE:T opened at $21.61 on Friday. The firm has a fifty day moving average price of $23.96 and a two-hundred day moving average price of $24.91. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.87 and a quick ratio of 0.82. AT&T Inc. has a one year low of $19.89 and a one year high of $29.43. The company has a market cap of $145.60 billion, a price-to-earnings ratio of 11.68, a PEG ratio of 1.07 and a beta of 0.30.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, October 21st. The technology company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.05. AT&T had a net margin of 10.19% and a return on equity of 13.41%. The firm had revenue of $32.32 billion during the quarter, compared to analyst estimates of $31.69 billion. During the same period in the previous year, the business earned $0.54 EPS. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. Analysts anticipate that AT&T Inc. will post 2.39 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 2nd. Shareholders of record on Monday, October 12th were issued a $0.2775 dividend. The ex-dividend date of this dividend was Friday, October 9th. This represents a $1.11 annualized dividend and a dividend yield of 5.1%. AT&T’s dividend payout ratio (DPR) is presently 60.00%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on T shares. Wells Fargo & Company lifted their target price on shares of AT&T from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Thursday, July 23rd. TD Cowen restated a “hold” rating and set a $33.00 price target on shares of AT&T in a research note on Thursday, October 22nd. Raymond James Financial cut their price objective on shares of AT&T from $33.00 to $29.00 in a report on Thursday, October 22nd. Daiwa Securities Group reduced their price objective on shares of AT&T from $25.00 to $23.00 and set a “neutral” rating for the company in a research note on Thursday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on AT&T from $32.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, October 27th. Twelve investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $27.56.

Key Headlines Impacting AT&T

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

• Positive Sentiment: AT&T and AST SpaceMobile completed what AT&T describes as the first successful handoff between a terrestrial cellular network and a direct-to-device satellite connection using standard smartphones. The technology could eventually help extend coverage beyond traditional network reach, though the reports do not indicate near-term revenue impact. Article: Is AT&T Undervalued As Its Satellite Handoff Opens A New Coverage Question?
• Neutral Sentiment: AT&T plans to move all consumer-facing customer support to U.S.-based operations by 2027 and use AI to assist agents and automate routine inquiries. The change may improve service or align with policy trends, but its cost and financial effects are not specified. Article: AT&T Sets 2027 Deadline For All U.S. Based Consumer Support
• Negative Sentiment: A Zacks analysis says AT&T shares have fallen 11.8% over the past year, lagging the wireless industry and broader market benchmarks despite fiber and wireless growth. It cites rising debt and competitive pressures as concerns that could offset the stock’s valuation appeal. Article: AT&T Stock Falls 11.8% in a Year: Should You Buy the Dip?
• Negative Sentiment: A dividend-stock comparison puts Verizon’s yield at 6.1% and AT&T’s below that, which may make AT&T less appealing to investors focused mainly on income. Separately, an article on dividend safety notes that debt refinancing at higher rates can compete with cash available for dividends; the supplied summary does not specify AT&T’s individual risk assessment. Article: Better Dividend Stock: Verizon vs. AT&T

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.