48,332 AT&T Inc. $T Shares Acquired by CapWealth Advisors LLC

Key Points

• CapWealth Advisors increased its AT&T stake by 4.3% in the third quarter, purchasing 48,332 shares for a total of 1.17 million shares valued at approximately $28.4 million. Institutional investors collectively own 57.1% of AT&T.
• Analyst sentiment remains favorable, with 12 Buy ratings, five Holds, and one Sell; the stock has a “Moderate Buy” consensus rating and an average price target of $29.16.
• AT&T recently traded at $24.14 and announced a quarterly dividend of $0.2775 per share, equivalent to an annualized $1.11 payout and a 4.6% yield. Its latest quarterly earnings of $0.65 per share exceeded the $0.59 analyst consensus.

CapWealth Advisors LLC raised its stake in AT&T Inc. (NYSE:T - Free Report) by 4.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,165,908 shares of the technology company's stock after buying an additional 48,332 shares during the period. AT&T accounts for 2.2% of CapWealth Advisors LLC's holdings, making the stock its 18th largest holding. CapWealth Advisors LLC's holdings in AT&T were worth $28,448,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of T. State Street Corp grew its holdings in shares of AT&T by 5.8% during the second quarter. State Street Corp now owns 334,273,613 shares of the technology company's stock worth $6,919,464,000 after purchasing an additional 18,468,679 shares during the last quarter. Bank of America Corp DE raised its holdings in AT&T by 4.6% in the 1st quarter. Bank of America Corp DE now owns 125,191,700 shares of the technology company's stock valued at $3,629,307,000 after buying an additional 5,449,222 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in AT&T by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 75,323,574 shares of the technology company's stock valued at $1,559,198,000 after buying an additional 2,559,065 shares during the last quarter. GQG Partners LLC acquired a new stake in AT&T during the 2nd quarter worth approximately $1,223,364,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in AT&T by 2.5% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 55,616,152 shares of the technology company's stock worth $1,151,254,000 after buying an additional 1,336,556 shares during the period. Institutional investors and hedge funds own 57.10% of the company's stock.

Analyst Ratings Changes

T has been the subject of several recent research reports. Weiss Ratings upgraded shares of AT&T from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, August 3rd. Sanford C. Bernstein reissued an "outperform" rating and issued a $25.00 price objective on shares of AT&T in a research note on Monday, July 13th. Wolfe Research upgraded AT&T from a "peer perform" rating to an "outperform" rating and set a $29.00 price objective for the company in a report on Thursday, July 23rd. Morgan Stanley raised their target price on AT&T from $27.00 to $28.00 and gave the stock an "overweight" rating in a research report on Monday, September 28th. Finally, Royal Bank Of Canada cut their target price on AT&T from $31.00 to $27.00 and set an "outperform" rating on the stock in a report on Monday, July 20th. Twelve equities research 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. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $29.16.

AT&T Trading Down 0.6%

Shares of NYSE T traded down $0.15 during midday trading on Monday, reaching $24.14. The stock had a trading volume of 11,077,786 shares, compared to its average volume of 47,992,527. The company's 50 day moving average price is $25.01 and its 200 day moving average price is $24.75. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.93 and a current ratio of 0.97. 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 $165.45 billion, a price-to-earnings ratio of 8.00, a price-to-earnings-growth ratio of 1.21 and a beta of 0.25.

AT&T (NYSE:T - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of $0.59 by $0.06. The business had revenue of $31.56 billion during the quarter, compared to the consensus estimate of $31.80 billion. AT&T had a net margin of 16.94% and a return on equity of 12.86%. AT&T's quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, sell-side 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 $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Friday, October 9th. AT&T's payout ratio is presently 36.75%.

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.

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