Assetmark Inc. Lowers Position in AT&T Inc. $T

Key Points

• Assetmark Inc. reduced its AT&T stake by 1.4% in the second quarter, selling 149,739 shares and retaining 10.78 million shares valued at approximately $223.1 million. Institutional investors collectively own 57.1% of AT&T.
• Analyst sentiment remains generally positive, with AT&T carrying a consensus “Moderate Buy” rating and an average price target of $29.19, despite mixed revisions from individual firms.
• AT&T reported quarterly EPS of $0.65, exceeding estimates, while revenue rose 2.3% year over year to $31.56 billion. The company also maintains a $0.2775 quarterly dividend, equivalent to a 4.5% annualized yield.

Assetmark Inc. decreased its stake in AT&T Inc. (NYSE:T - Free Report) by 1.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,778,072 shares of the technology company's stock after selling 149,739 shares during the quarter. Assetmark Inc. owned approximately 0.16% of AT&T worth $223,106,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Tsfg LLC grew its stake in shares of AT&T by 3.6% during the 4th quarter. Tsfg LLC now owns 10,656 shares of the technology company's stock valued at $265,000 after acquiring an additional 366 shares during the period. Lifestyle Asset Management Inc. raised its stake in AT&T by 3.6% during the 4th quarter. Lifestyle Asset Management Inc. now owns 10,511 shares of the technology company's stock worth $261,000 after acquiring an additional 368 shares during the period. Hillsdale Investment Management Inc. raised its stake in AT&T by 1.2% during the 4th quarter. Hillsdale Investment Management Inc. now owns 31,970 shares of the technology company's stock worth $794,000 after acquiring an additional 370 shares during the period. Bruce G. Allen Investments LLC lifted its holdings in AT&T by 1.7% during the fourth quarter. Bruce G. Allen Investments LLC now owns 22,398 shares of the technology company's stock valued at $556,000 after purchasing an additional 374 shares in the last quarter. Finally, Rockline Wealth Management LLC lifted its holdings in AT&T by 3.8% during the fourth quarter. Rockline Wealth Management LLC now owns 10,445 shares of the technology company's stock valued at $259,000 after purchasing an additional 378 shares in the last quarter. Institutional investors own 57.10% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on T shares. Oppenheimer lowered shares of AT&T from an "outperform" rating to a "market perform" rating in a research report on Wednesday, June 3rd. Argus lowered their target price on shares of AT&T from $33.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, July 23rd. TD Cowen upped their target price on shares of AT&T from $32.00 to $33.00 and gave the stock a "hold" rating in a report on Thursday, July 23rd. Wolfe Research upgraded AT&T from a "peer perform" rating to an "outperform" rating and set a $29.00 price target for the company in a research note on Thursday, July 23rd. Finally, BNP Paribas Exane decreased their price target on AT&T from $28.00 to $26.00 and set a "neutral" rating on the stock in a report on Thursday, April 23rd. One research 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $29.19.

Key Stories Impacting AT&T

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 Stock Performance

T opened at $24.89 on Monday. 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 capitalization of $170.58 billion, a price-to-earnings ratio of 8.24, a PEG ratio of 1.01 and a beta of 0.23. The company has a fifty day moving average of $22.62 and a 200 day moving average of $25.26. AT&T Inc. has a fifty-two week low of $19.89 and a fifty-two week high of $29.79.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.59 by $0.06. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The business had revenue of $31.56 billion for the quarter, compared to analysts' expectations of $31.80 billion. During the same quarter in the previous year, the company earned $0.54 EPS. The business's quarterly revenue 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 forecast that AT&T Inc. will post 2.34 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were issued a $0.2775 dividend. 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 payout ratio is 36.75%.

AT&T Profile

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.

Want to see what other hedge funds are holding T? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AT&T Inc. (NYSE:T - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source