Ascentis Independent Advisors Sells 102,630 Shares of AT&T Inc. $T

Key Points

• Ascentis Independent Advisors cut its AT&T position by 98.2% in the second quarter, selling 102,630 shares and retaining 1,857 shares valued at approximately $38,000. Institutional investors overall own 57.1% of AT&T.
• AT&T reported quarterly EPS of $0.65, exceeding the $0.59 consensus estimate, while revenue rose 2.3% year over year to $31.56 billion. The company reaffirmed fiscal 2026 EPS guidance of $2.25–$2.35.
• The company’s quarterly dividend of $0.2775 per share equates to an annualized $1.11 payout and a 4.5% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $29.19.

Ascentis Independent Advisors cut its holdings in AT&T Inc. (NYSE:T - Free Report) by 98.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,857 shares of the technology company's stock after selling 102,630 shares during the quarter. Ascentis Independent Advisors' holdings in AT&T were worth $38,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of T. Vanguard Group Inc. lifted its stake in shares of AT&T by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 664,055,700 shares of the technology company's stock worth $16,495,144,000 after acquiring an additional 3,585,661 shares during the last quarter. State Street Corp grew its position in AT&T by 2.6% in the 4th quarter. State Street Corp now owns 332,089,723 shares of the technology company's stock valued at $8,249,109,000 after acquiring an additional 8,314,678 shares during the last quarter. Bank of America Corp DE increased its stake in AT&T by 4.6% in the first quarter. Bank of America Corp DE now owns 125,191,700 shares of the technology company's stock worth $3,629,307,000 after purchasing an additional 5,449,222 shares during the period. Norges Bank purchased a new stake in AT&T in the fourth quarter worth $2,181,977,000. Finally, Bank of New York Mellon Corp lifted its position in shares of AT&T by 12.7% during the first quarter. Bank of New York Mellon Corp now owns 72,764,509 shares of the technology company's stock worth $2,109,443,000 after purchasing an additional 8,197,935 shares during the last quarter. Institutional investors own 57.10% of the company's stock.

AT&T News Roundup

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

• Positive Sentiment: AT&T is reinforcing its Hawaiian network and deploying disaster-response resources ahead of Tropical Storm Lala. The effort could strengthen customer trust and satisfaction, though the financial impact is likely modest unless it improves retention or attracts new subscribers. Can AT&T's Disaster Connectivity Efforts Drive Customer Satisfaction?
• Positive Sentiment: AT&T’s chief marketing officer said customers with strong “brand love” are three times less likely to leave, 50% more likely to purchase a second product and less expensive to acquire. If sustained, those trends could lower churn and customer-acquisition costs while supporting revenue growth and profitability. AT&T’s CMO tied brand love to customer economics
• Positive Sentiment: One comparison concludes AT&T offers more upside potential than SpaceX based on stronger recent performance, a cheaper valuation and its 2026 growth outlook. This reinforces the value case behind AT&T’s low earnings multiple, although it does not represent a new company forecast. AT&T vs. SpaceX
• Neutral Sentiment: A post-earnings-sector review benchmarks AT&T against wireless, cable and satellite peers, offering broader context on its second-quarter performance but no clearly identified new catalyst in the available report. Wireless, Cable and Satellite Stocks Q2 Recap
• Negative Sentiment: Although AT&T has more than doubled over three years and still looks inexpensive on several valuation measures, its weaker recent performance and slower growth raise questions about how much further the shares can advance. AT&T Stock Still Looks a Bargain on Earnings but Weaker on Growth
• Negative Sentiment: SpaceX’s ambitions to capture a large share of internet traffic highlight a longer-term competitive threat to traditional connectivity providers, even though current comparisons favor AT&T’s valuation and outlook. SpaceX Internet Traffic Ambitions

AT&T Trading Up 1.3%

NYSE:T opened at $24.89 on Friday. The firm has a 50-day simple moving average of $22.62 and a 200-day simple moving average of $25.25. AT&T Inc. has a one year low of $19.89 and a one year high of $29.79. The firm has a market cap of $170.58 billion, a P/E ratio of 8.24, a P/E/G ratio of 1.01 and a beta of 0.23. 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 (NYSE:T - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, beating 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%. AT&T's revenue was up 2.3% compared to the same quarter last year. During the same period last year, the company posted $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities analysts anticipate that AT&T Inc. will post 2.34 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Friday, July 10th. AT&T's dividend payout ratio is presently 36.75%.

Analysts Set New Price Targets

T has been the topic of several recent analyst reports. 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. TD Cowen boosted their price objective on shares of AT&T from $32.00 to $33.00 and gave the company a "hold" rating in a research report on Thursday, July 23rd. BNP Paribas Exane dropped their target price on shares of AT&T from $28.00 to $26.00 and set a "neutral" rating on the stock in a research note on Thursday, April 23rd. Wall Street Zen upgraded shares of AT&T from a "sell" rating to a "hold" rating in a research note on Saturday, June 20th. Finally, The Goldman Sachs Group set a $30.00 target price on shares of AT&T in a research report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $29.19.

About AT&T

AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.

AT&T's product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.

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