42,611 Shares of AT&T Inc. $T Purchased by Diversified Management Inc.

Key Points

• Diversified Management Inc. acquired 42,611 AT&T shares worth approximately $1.04 million in the third quarter. Institutional investors and hedge funds collectively own 57.1% of AT&T.
• AT&T reported quarterly earnings of $0.65 per share, exceeding the $0.59 consensus estimate, while revenue reached $31.56 billion. The company declared a quarterly dividend of $0.2775 per share, representing a 4.5% annualized yield.
• Analyst sentiment is moderately bullish, with 12 Buy, five Hold and one Sell rating and an average price target of $29.16, compared with the stock’s reported $24.86 opening price.

Diversified Management Inc. acquired a new position in shares of AT&T Inc. (NYSE:T - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 42,611 shares of the technology company's stock, valued at approximately $1,040,000.

Several other institutional investors and hedge funds have also modified their holdings of T. First Heartland Consultants Inc. grew its holdings in shares of AT&T by 11.4% during the third quarter. First Heartland Consultants Inc. now owns 45,061 shares of the technology company's stock worth $1,100,000 after purchasing an additional 4,627 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC raised its holdings in shares of AT&T by 0.4% in the third quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 224,300 shares of the technology company's stock valued at $5,473,000 after buying an additional 883 shares during the last quarter. Hamilton Capital LLC acquired a new position in AT&T during the 3rd quarter worth about $243,000. Independence Financial Advisors LLC acquired a new position in AT&T during the 3rd quarter worth about $215,000. Finally, Farther Finance Advisors LLC grew its holdings in AT&T by 29.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 495,838 shares of the technology company's stock worth $12,098,000 after acquiring an additional 114,056 shares during the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Stock Up 1.6%

Shares of NYSE T opened at $24.86 on Friday. AT&T Inc. has a 52-week low of $19.89 and a 52-week high of $29.43. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.93 and a current ratio of 0.97. The stock has a market cap 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 firm has a 50 day moving average price of $25.05 and a 200 day moving average price of $24.66.

AT&T (NYSE:T - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.06. The company had revenue of $31.56 billion for 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 revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period last year, the business posted $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Analysts expect that AT&T Inc. will post 2.33 EPS for the current 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 issued a dividend of $0.2775 per share. The ex-dividend date is Friday, October 9th. This represents a $1.11 annualized dividend and a yield of 4.5%. AT&T's payout ratio is currently 36.75%.

Analyst Ratings Changes

T has been the subject of several research reports. Wells Fargo & Company raised their price objective on shares of AT&T from $18.00 to $20.00 and gave the company an "underweight" rating in a research report on Thursday, July 23rd. Wall Street Zen upgraded shares of AT&T from a "sell" rating to a "hold" rating in a research report on Saturday, June 20th. BNP Paribas Exane raised AT&T from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from $26.00 to $30.00 in a report on Monday, September 21st. Sanford C. Bernstein reiterated an "outperform" rating and issued a $25.00 price objective on shares of AT&T in a research report on Monday, July 13th. Finally, Scotiabank cut their target price on shares of AT&T from $29.25 to $27.50 and set a "sector perform" rating on the stock in a research report on Friday, October 2nd. Twelve research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $29.16.

More AT&T News

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 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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