AT&T Inc. $T Shares Sold by Sanders Morris Harris LLC

Key Points

• Sanders Morris Harris LLC cut its AT&T position by 40.8% in the second quarter, selling 60,519 shares and retaining 87,984 shares worth approximately $1.82 million. Institutional investors collectively own 57.1% of AT&T.
• AT&T exceeded quarterly earnings expectations with EPS of $0.65 versus the $0.59 consensus, while revenue increased 2.3% year over year to $31.56 billion. The company also offers a quarterly dividend of $0.2775 per share, representing a 4.8% annualized yield.
• Despite a “Moderate Buy” consensus rating and an average analyst price target of $29.19, investors face potential competitive pressure from SpaceX’s planned mobile-network expansion, which could weigh on AT&T’s wireless growth and pricing power.

Sanders Morris Harris LLC lowered its position in shares of AT&T Inc. (NYSE:T - Free Report) by 40.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87,984 shares of the technology company's stock after selling 60,519 shares during the quarter. AT&T makes up about 1.1% of Sanders Morris Harris LLC's holdings, making the stock its 19th largest holding. Sanders Morris Harris LLC's holdings in AT&T were worth $1,821,000 at the end of the most recent reporting period.

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

Key Headlines Impacting AT&T

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

• Positive Sentiment: AT&T launched the amiGO Jr. Tab 2, an upgraded kid-focused tablet using AT&T’s 5G network. Priced at $4.99 per month for 36 months, the device could support customer engagement and reinforce AT&T’s family-oriented product lineup. AT&T amiGO Jr. Tab 2 announcement
• Neutral Sentiment: AT&T completed a sale of euro- and sterling-denominated global notes, increasing access to international debt markets and providing financing flexibility. However, the issuance also highlights the company’s ongoing leverage, with debt remaining an important consideration for investors. AT&T European debt issuance
• Negative Sentiment: SpaceX President Gwynne Shotwell said SpaceX plans to build ground-based infrastructure to complement Starlink’s satellite network. A fully integrated mobile service could eventually compete directly with AT&T for wireless customers, particularly in rural areas, dead zones and locations affected by network outages. SpaceX plans terrestrial mobile network
• Negative Sentiment: Telecom shares broadly moved lower after SpaceX outlined its mobile-network expansion. Investors are concerned that Starlink could pressure AT&T’s long-term customer retention, pricing power and wireless growth prospects. Telecom shares decline on SpaceX expansion
• Negative Sentiment: Analysts and investors are reassessing whether AT&T’s recent momentum can continue amid heightened SpaceX competition. The stock’s decline reflects near-term uncertainty despite its relatively inexpensive valuation and recent earnings performance. AT&T valuation and SpaceX competition analysis

AT&T Price Performance

T stock opened at $23.07 on Thursday. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $158.06 billion, a PE ratio of 7.64, a P/E/G ratio of 0.95 and a beta of 0.23. AT&T Inc. has a 12-month low of $19.89 and a 12-month high of $29.79. The business's fifty day moving average price is $22.58 and its 200 day moving average price is $25.23.

AT&T (NYSE:T - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.59 by $0.06. The company had revenue of $31.56 billion during the quarter, compared to analysts' expectations of $31.80 billion. AT&T had a return on equity of 12.86% and a net margin of 16.94%.AT&T's revenue for the quarter was up 2.3% on a year-over-year basis. During the same period last year, the business posted $0.54 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, sell-side analysts anticipate that AT&T Inc. will post 2.34 EPS for the current year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were issued a dividend of $0.2775 per share. The ex-dividend date was Friday, July 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.8%. AT&T's dividend payout ratio is 36.75%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on T shares. Oppenheimer cut shares of AT&T from an "outperform" rating to a "market perform" rating in a research note on Wednesday, June 3rd. Weiss Ratings raised shares of AT&T from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday. Barclays lowered their target price on AT&T from $26.00 to $24.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 8th. Scotiabank cut their price target on AT&T from $31.00 to $29.25 and set a "sector perform" rating for the company in a report on Wednesday, July 15th. Finally, The Goldman Sachs Group set a $30.00 price objective on AT&T in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $29.19.

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.

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