Ameritas Advisory Services LLC Sells 54,749 Shares of AT&T Inc. $T

Key Points

• Ameritas Advisory Services cut its AT&T stake by 32.7% in the second quarter, selling 54,749 shares and retaining 112,621 shares valued at approximately $2.33 million. Institutional investors collectively own 57.1% of the company.
• Analyst sentiment remains broadly positive, with AT&T receiving a consensus “Moderate Buy” rating and an average price target of $29.19, despite mixed revisions including Wells Fargo’s “underweight” rating and Oppenheimer’s downgrade.
• AT&T reported quarterly EPS of $0.65, beating estimates, while revenue rose 2.3% year over year to $31.56 billion. The company also maintains a quarterly dividend of $0.2775 per share, representing a 4.3% annualized yield.

Ameritas Advisory Services LLC reduced its position in AT&T Inc. (NYSE:T - Free Report) by 32.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 112,621 shares of the technology company's stock after selling 54,749 shares during the period. Ameritas Advisory Services LLC's holdings in AT&T were worth $2,331,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. IFM Investors Pty Ltd lifted its position in shares of AT&T by 5.3% during the 1st quarter. IFM Investors Pty Ltd now owns 1,488,172 shares of the technology company's stock valued at $43,142,000 after acquiring an additional 74,684 shares during the period. Parr Mcknight Wealth Management Group LLC bought a new position in shares of AT&T in the first quarter worth $2,901,000. Cerity Partners LLC raised its stake in 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. ING Groep NV raised its stake in AT&T by 120.3% in the fourth quarter. ING Groep NV now owns 2,050,310 shares of the technology company's stock valued at $50,930,000 after purchasing an additional 1,119,731 shares in the last quarter. Finally, WealthPlan Investment Management LLC lifted its position in AT&T by 415.0% during the fourth quarter. WealthPlan Investment Management LLC now owns 63,357 shares of the technology company's stock worth $1,574,000 after purchasing an additional 51,055 shares during the period. Institutional investors own 57.10% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Wells Fargo & Company raised their target price on shares of AT&T from $18.00 to $20.00 and gave the company an "underweight" rating in a report on Thursday, July 23rd. Sanford C. Bernstein restated an "outperform" rating and set a $25.00 target price on shares of AT&T in a research note on Monday, July 13th. Oppenheimer downgraded AT&T from an "outperform" rating to a "market perform" rating in a report on Wednesday, June 3rd. Weiss Ratings upgraded AT&T from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, August 3rd. Finally, Morgan Stanley upped their price objective on AT&T from $25.00 to $27.00 and gave the stock an "overweight" rating in a research report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $29.19.

AT&T News Roundup

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

• Positive Sentiment: CEO John Stankey will participate in a Goldman Sachs Communacopia + Technology Conference fireside chat on September 9. AT&T reiterated its second-quarter 2026 financial outlook and capital-allocation plan, while highlighting its fiber and 5G investments as competitive advantages. Investors may look for additional commentary on growth, wireless performance, debt reduction and shareholder returns. John Stankey to Update Shareholders at Goldman Sachs Communacopia + Technology Conference on September 9
• Positive Sentiment: AT&T expanded its smartphone lineup with the Samsung Galaxy S26 FE and is emphasizing flexible pricing, upgrade options and customer benefits. The offering could support customer satisfaction, device sales and wireless retention, although the financial impact is not yet quantified. Can AT&T's Latest Smartphone Offers Boost Customer Satisfaction?
• Neutral Sentiment: AT&T provided technical support for Dallas’ Republican midterm convention. The announcement demonstrates the company’s role as a connectivity provider but is unlikely to materially affect revenue or valuation. AT&T provides technical support to Dallas’ Republican midterm convention
• Neutral Sentiment: Recent internet disruptions affecting customers in parts of Texas and Louisiana were reportedly resolved, and AT&T said its network was operating normally. A short-lived outage limits the financial impact, but repeated incidents could hurt customer satisfaction and increase churn concerns. AT&T internet operating normally after outages affected thousands of D-FW customers Monday
• Negative Sentiment: VoIP-Pal filed a third amended federal antitrust complaint against AT&T, Verizon and T-Mobile. The streamlined case adds legal and regulatory uncertainty, although the filing itself does not establish liability or indicate a financial penalty. VoIP-Pal Files Third Amended Complaint Against AT&T, Verizon, and T-Mobile

AT&T Trading Down 0.3%

NYSE T opened at $25.61 on Wednesday. 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 Inc. has a twelve month low of $19.89 and a twelve month high of $29.79. The company has a market cap of $175.49 billion, a price-to-earnings ratio of 8.48, a price-to-earnings-growth ratio of 1.27 and a beta of 0.25. The business's fifty day moving average is $23.67 and its 200 day moving average is $25.10.

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. 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 during the quarter, compared to analysts' expectations of $31.80 billion. During the same quarter in the prior year, the firm earned $0.54 EPS. The business's revenue for the quarter was up 2.3% compared to the same quarter last year. 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 2.34 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date was Friday, July 10th. AT&T's payout ratio is 36.75%.

AT&T Profile

AT&T Inc NYSE: T is a telecommunications company that provides wireless communications, broadband internet, voice, and related connectivity services. Its offerings include mobile phone and data plans, fiber-optic internet, fixed wireless access, traditional voice services, and networking solutions for businesses and government customers.

The company serves consumers, businesses, and public-sector organizations primarily across the United States. AT&T also provides wireless services in Mexico and operates extensive communications networks that support mobile connectivity, internet access, data transmission, and enterprise communications.

AT&T traces its history to the development of the Bell System and has evolved through a series of reorganizations and acquisitions.

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