114,056 AT&T Inc. $T Shares Acquired by Farther Finance Advisors LLC

Key Points

• Farther Finance Advisors LLC increased its AT&T stake by 29.9%, acquiring 114,056 shares to bring its holdings to 495,838 shares valued at approximately $12.1 million.
• Institutional investors own 57.1% of AT&T, while the stock carries a consensus “Moderate Buy” rating and an average analyst price target of $29.16.
• AT&T declared a quarterly dividend of $0.2775 per share, equivalent to a 4.5% annualized yield; its latest earnings beat estimates, with EPS of $0.65 versus the $0.59 consensus.

Farther Finance Advisors LLC increased its position in shares of AT&T Inc. (NYSE:T - Free Report) by 29.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 495,838 shares of the technology company's stock after buying an additional 114,056 shares during the quarter. Farther Finance Advisors LLC's holdings in AT&T were worth $12,098,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in T. IFM Investors Pty Ltd raised its stake in shares of AT&T by 5.3% in the first quarter. IFM Investors Pty Ltd now owns 1,488,172 shares of the technology company's stock worth $43,142,000 after acquiring an additional 74,684 shares during the last quarter. Parr Mcknight Wealth Management Group LLC bought a new stake in shares of AT&T during the first quarter valued at approximately $2,901,000. Cerity Partners LLC increased its holdings in shares of AT&T by 3.7% in the fourth quarter. Cerity Partners LLC now owns 1,668,862 shares of the technology company's stock valued at $41,449,000 after purchasing an additional 59,279 shares in the last quarter. Orographic Financial Advisors LLC acquired a new stake in shares of AT&T in the first quarter valued at approximately $3,449,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. raised its position in AT&T by 34.5% in the 2nd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 1,075,110 shares of the technology company's stock worth $22,255,000 after purchasing an additional 275,985 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors.

AT&T Trading Up 1.6%

Shares of NYSE T opened at $24.86 on Friday. The company's 50 day simple moving average is $25.05 and its 200 day simple moving average is $24.66. AT&T Inc. has a fifty-two week low of $19.89 and a fifty-two week high of $29.43. The firm has a market capitalization of $170.38 billion, a P/E ratio of 8.23, a P/E/G ratio of 1.22 and a beta of 0.25. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.97 and a quick ratio of 0.93.

AT&T (NYSE:T - Get Free Report) last released its earnings results on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.59 by $0.06. The firm had revenue of $31.56 billion during the quarter, compared to analyst estimates of $31.80 billion. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The business's quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.54 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, analysts predict that AT&T Inc. will post 2.33 EPS for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Monday, October 12th will be paid a dividend of $0.2775 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.5%. AT&T's payout ratio is 36.75%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on T. Barclays reduced their price objective on AT&T from $26.00 to $24.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 8th. Scotiabank lowered their target price on AT&T from $29.25 to $27.50 and set a "sector perform" rating for the company in a research note on Friday, October 2nd. Wolfe Research upgraded AT&T from a "peer perform" rating to an "outperform" rating and set a $29.00 target price for the company in a research report on Thursday, July 23rd. Morgan Stanley upped their price target on AT&T from $27.00 to $28.00 and gave the company an "overweight" rating in a research note on Monday, September 28th. Finally, TD Cowen raised their price target on AT&T from $32.00 to $33.00 and gave the company a "hold" rating in a report on Thursday, July 23rd. Twelve investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $29.16.

Key Headlines Impacting AT&T

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

• Positive Sentiment: AT&T’s planned fiber joint venture with Global Infrastructure Partners and CPP Investments remains a key bullish factor. The venture will combine AT&T’s Gigapower assets, target more than 60 million locations by 2030, provide AT&T with cash proceeds and potentially support debt reduction, network investment and shareholder returns. Is AT&T Still Undervalued As Its New Fiber Venture Expands Reach?
• Positive Sentiment: AT&T attracted unusually heavy call-option activity, with call purchases substantially above average. This suggests some traders are positioning for a rebound or additional upside, although options activity is not a guarantee of future performance.
• Neutral Sentiment: AT&T’s regular-session advance occurred even as the broader market declined, indicating relative strength. Investors are now focused on the company’s third-quarter earnings report, scheduled for October 21, as the next major operating catalyst. AT&T Gains As Market Dips
• Neutral Sentiment: Analyst price targets remain mixed, with recent targets ranging from $18 to $31 and a median near $25, reflecting uncertainty about AT&T’s growth prospects and valuation.
• Negative Sentiment: The main source of selling pressure was SpaceX’s FCC-approved satellite-to-phone initiative. Investors fear SpaceX could bypass traditional carrier networks for some connectivity services, increasing competitive pressure on AT&T, Verizon and T-Mobile. SpaceX Deal to Acquire Spectrum License Hammers Wireless Shares
• Negative Sentiment: Higher Treasury yields continue to weigh on dividend-focused telecom stocks because bonds offer stronger competition for income investors. Ex-dividend timing may also have contributed to mechanical selling and price adjustment.
• Negative Sentiment: AT&T customers are receiving unexpected password-change alerts, while a court-approved $177 million data-breach settlement creates a financial cost and keeps cybersecurity concerns in focus. AT&T’s Data-Breach Settlement Approved

AT&T 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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