Rep. David Taylor Purchases Shares of AT&T Inc. (NYSE:T)

Key Points

• Rep. David Taylor purchased between $1,001 and $15,000 of AT&T shares on October 9 in a trust brokerage account. He also bought shares of Fifth Third Bancorp and RPM International while selling Procter & Gamble during the period.
• AT&T reported quarterly EPS of $0.65, exceeding the $0.59 consensus estimate, while revenue rose 2.3% year over year to $31.56 billion. The company maintains a quarterly dividend of $0.2775, equivalent to an annualized yield of about 4.7%.
• Analysts give AT&T a consensus “Moderate Buy” rating with a $29.05 price target, although Bernstein recently downgraded the stock to “Market Perform” amid concerns about competition from satellite connectivity providers such as SpaceX.

Representative David Taylor (Republican-Ohio) recently bought shares of AT&T Inc. (NYSE:T). In a filing disclosed on October 15th, the Representative disclosed that they had bought between $1,001 and $15,000 in AT&T stock on October 9th. The trade occurred in the Representative's "DAVID TAYLOR TRUST > SCHWAB JOINT BROKERAGE #1 (HOME GROWN)" account.

Representative David Taylor also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Procter & Gamble NYSE: PG on 10/12/2026.
• Purchased $1,001 - $15,000 in shares of Fifth Third Bancorp NASDAQ: FITB on 10/9/2026.
• Purchased $1,001 - $15,000 in shares of RPM International NYSE: RPM on 10/9/2026.
• Sold $1,001 - $15,000 in shares of Marathon Petroleum NYSE: MPC on 9/22/2026.
• Purchased $1,001 - $15,000 in shares of Home Depot NYSE: HD on 9/22/2026.
• Purchased $1,001 - $15,000 in shares of Amgen NASDAQ: AMGN on 9/22/2026.
• Purchased $1,001 - $15,000 in shares of Installed Building Products NYSE: IBP on 9/8/2026.
• Purchased $1,001 - $15,000 in shares of Procter & Gamble NYSE: PG on 9/8/2026.
• Sold $1,001 - $15,000 in shares of Amgen NASDAQ: AMGN on 8/26/2026.
• Sold $1,001 - $15,000 in shares of Vertex Pharmaceuticals NASDAQ: VRTX on 8/26/2026.

AT&T Price Performance

Shares of NYSE T opened at $23.44 on Friday. AT&T Inc. has a twelve month low of $19.89 and a twelve month high of $29.43. The firm has a market cap of $160.65 billion, a P/E ratio of 10.31, a PEG ratio of 1.14 and a beta of 0.25. The company has a 50 day moving average of $24.98 and a 200 day moving average of $24.44. 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 (NYSE:T - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $31.80 billion. During the same period in the prior year, the firm posted $0.54 EPS. The firm's quarterly revenue was up 2.3% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, research analysts expect that AT&T Inc. will post 2.33 EPS for the current fiscal year.

AT&T Announces Dividend

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 $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Friday, October 9th. AT&T's payout ratio is presently 36.75%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. IFM Investors Pty Ltd lifted its position in AT&T by 5.3% during the first quarter. IFM Investors Pty Ltd now owns 1,488,172 shares of the technology company's stock valued at $43,142,000 after purchasing an additional 74,684 shares in the last quarter. Parr Mcknight Wealth Management Group LLC bought a new stake in AT&T during the first quarter valued at about $2,901,000. Sound Income Strategies LLC grew its holdings in AT&T by 19.8% during the third quarter. Sound Income Strategies LLC now owns 754,818 shares of the technology company's stock valued at $18,772,000 after purchasing an additional 124,997 shares during the period. Orographic Financial Advisors LLC bought a new stake in AT&T during the first quarter valued at about $3,449,000. Finally, B.A. Schrock Wealth Management Inc. purchased a new stake in AT&T in the third quarter worth about $1,583,000. Institutional investors own 57.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on T. Sanford C. Bernstein cut AT&T from an "outperform" rating to a "market perform" rating and set a $24.00 price target for the company. in a research note on Tuesday. Morgan Stanley increased their price objective on AT&T from $27.00 to $28.00 and gave the company an "overweight" rating in a research report on Monday, September 28th. Royal Bank Of Canada reduced their price objective on AT&T from $31.00 to $27.00 and set an "outperform" rating for the company in a report on Monday, July 20th. TD Cowen lifted their price objective on AT&T from $32.00 to $33.00 and gave the stock a "hold" rating in a report on Thursday, July 23rd. Finally, Weiss Ratings raised AT&T from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, August 3rd. Eleven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $29.05.

Trending Headlines about AT&T

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

• Positive Sentiment: Mexico exit supports U.S. investment: AT&T agreed to sell its Mexican wireless operations to Grupo Televisa and Fintech Holdings for approximately $2 billion. Management plans to redirect resources toward U.S. fiber and 5G, while the transaction should simplify AT&T’s international footprint and provide additional financial flexibility. AT&T Agrees To Exit Its Mexican Wireless Business
• Positive Sentiment: Fiber expansion remains a growth priority: AT&T’s $5.75 billion acquisition of Lumen Technologies’ consumer fiber business adds more than 1 million subscribers and reaches over 4 million locations. The deal could accelerate broadband expansion and strengthen AT&T’s ability to bundle fiber with wireless services. AT&T Does Buying Fiber Create More Value Than Building It?
• Positive Sentiment: AT&T expanded its customer-service guarantee, promising access to an expert within five minutes or a callback, with additional support for customers combining fiber and wireless services. The initiative could aid customer retention, although its direct financial impact is uncertain. AT&T Expands America's Best Guarantee
• Neutral Sentiment: Construction of AT&T’s planned $1 billion-plus Plano headquarters campus is expected to begin December 1, with completion targeted for March 2029. The project reinforces its corporate presence but represents a substantial long-term capital commitment. AT&T Plano Headquarters Construction Eyed for December 1 Start
• Neutral Sentiment: Investors are awaiting third-quarter results on October 21. Beyond revenue and EPS, attention will likely center on wireless subscribers, broadband growth, cash flow, and management’s outlook. Countdown to AT&T Q3 Earnings
• Negative Sentiment: Bernstein downgraded AT&T to Market Perform amid concerns that SpaceX’s satellite connectivity could increase competitive pressure on traditional wireless operators. The downgrade adds near-term selling pressure ahead of earnings. AT&T Stock Downgraded Over SpaceX

About Representative Taylor

David Taylor (Republican Party) is a member of the U.S. House, representing Ohio's 2nd Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Taylor (Republican Party) ran for election to the U.S. House to represent Ohio's 2nd Congressional District. He won in the general election on November 5, 2024. David Taylor graduated from Amelia High School. Taylor earned degrees from Miami University (Ohio) and the University of Dayton School of Law. Taylor's career experience includes working as an attorney and as a businessman at Sardinia Ready Mix, Inc.

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.

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