212,565 Shares of AT&T Inc. $T Acquired by Gimbal Financial

Key Points

• Gimbal Financial acquired 212,565 AT&T shares worth approximately $5.19 million in the third quarter, making AT&T its 12th-largest holding and representing 3% of its portfolio. Institutional investors collectively own 57.1% of AT&T.
• AT&T reported quarterly EPS of $0.65, beating estimates by $0.06, while revenue rose 2.3% year over year to $31.56 billion. The company maintained 2026 EPS guidance of $2.25–$2.35.
• The company declared a quarterly dividend of $0.2775 per share, equivalent to an annualized $1.11 payout and a 4.8% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $29.05 versus the reported share price of $23.25.

Gimbal Financial purchased a new stake in AT&T Inc. (NYSE:T - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 212,565 shares of the technology company's stock, valued at approximately $5,187,000. AT&T accounts for 3.0% of Gimbal Financial's investment portfolio, making the stock its 12th biggest holding.

A number of other hedge funds also recently made changes to their positions in T. New Wave Wealth Advisors LLC increased its holdings in shares of AT&T by 10.6% during the third quarter. New Wave Wealth Advisors LLC now owns 42,289 shares of the technology company's stock valued at $978,000 after purchasing an additional 4,043 shares during the period. Capital Square LLC lifted its holdings in AT&T by 1.4% in the third quarter. Capital Square LLC now owns 34,534 shares of the technology company's stock worth $843,000 after purchasing an additional 493 shares during the period. Herold Advisors Inc. lifted its holdings in AT&T by 0.5% in the third quarter. Herold Advisors Inc. now owns 109,692 shares of the technology company's stock worth $2,677,000 after purchasing an additional 543 shares during the period. Foguth Wealth Management LLC. lifted its holdings in AT&T by 8.8% in the third quarter. Foguth Wealth Management LLC. now owns 14,270 shares of the technology company's stock worth $334,000 after purchasing an additional 1,156 shares during the period. Finally, Clark Wealth Partners grew its position in AT&T by 17.5% in the 3rd quarter. Clark Wealth Partners now owns 3,092 shares of the technology company's stock valued at $75,000 after buying an additional 460 shares in the last quarter. Institutional investors own 57.10% of the company's stock.

AT&T Price Performance

Shares of T traded down $0.20 during trading hours on Monday, hitting $23.25. 12,990,123 shares of the company were exchanged, compared to its average volume of 48,403,184. The company has a market capitalization of $159.28 billion, a PE ratio of 7.70, a PEG ratio of 1.14 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. The firm has a fifty day simple moving average of $24.98 and a 200-day simple moving average of $24.41. AT&T Inc. has a one year low of $19.89 and a one year high of $29.43.

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

AT&T Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Friday, October 9th. This represents a $1.11 dividend on an annualized basis and a yield of 4.8%. AT&T's dividend payout ratio (DPR) is currently 36.75%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on T shares. Weiss Ratings raised shares of AT&T from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, August 3rd. Barclays dropped their price target on shares of AT&T from $26.00 to $24.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 8th. Morgan Stanley upped their price target on shares of AT&T from $27.00 to $28.00 and gave the stock an "overweight" rating in a research note on Monday, September 28th. Scotiabank decreased their price objective on shares of AT&T from $27.50 to $26.50 and set a "sector perform" rating for the company in a report on Friday, October 9th. Finally, Royal Bank Of Canada decreased their price objective on shares of AT&T from $31.00 to $27.00 and set an "outperform" rating for the company in a report on Monday, July 20th. Eleven analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently 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 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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