AT&T Inc. $T Shares Sold by Tidal Investments LLC

Key Points

• Tidal Investments reduced its AT&T stake by 12.4% in the second quarter, selling 121,692 shares and retaining 860,263 shares valued at approximately $17.8 million. Institutional investors collectively own 57.1% of AT&T.
• AT&T reported quarterly earnings of $0.65 per share, beating estimates of $0.59, while revenue rose 2.3% year over year to $31.56 billion. The company maintained its quarterly dividend of $0.2775, equivalent to a 4.3% annualized yield.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $29.19, compared with the stock’s reported $25.58 opening price.

Tidal Investments LLC lessened its holdings in AT&T Inc. (NYSE:T - Free Report) by 12.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 860,263 shares of the technology company's stock after selling 121,692 shares during the quarter. Tidal Investments LLC's holdings in AT&T were worth $17,807,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of T. Safe Harbor Fiduciary LLC acquired a new stake in shares of AT&T in the fourth quarter worth $25,000. Blueline Advisors LLC purchased a new position in shares of AT&T during the fourth quarter worth $26,000. Winnow Wealth LLC lifted its position in AT&T by 362.8% during the fourth quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company's stock valued at $26,000 after purchasing an additional 820 shares during the period. Orion Capital Management LLC acquired a new position in AT&T during the second quarter valued at $26,000. Finally, Addison Advisors LLC purchased a new stake in AT&T in the second quarter valued at $27,000. Institutional investors and hedge funds own 57.10% of the company's stock.

AT&T Stock Up 1.7%

T stock opened at $25.58 on Friday. The firm has a market cap of $175.31 billion, a PE ratio of 8.47, a P/E/G ratio of 1.25 and a beta of 0.25. 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 firm's fifty day moving average is $23.86 and its 200 day moving average is $25.06. AT&T Inc. has a one year low of $19.89 and a one year high of $29.79.

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 for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $31.80 billion. During the same quarter in the prior year, the firm posted $0.54 earnings per share. The company's 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. On average, research analysts forecast that AT&T Inc. will post 2.34 EPS for the current year.

AT&T Announces Dividend

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

Key Headlines Impacting AT&T

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

• Positive Sentiment: AT&T launched promotions for Apple’s new iPhone 18 lineup, offering eligible customers up to $1,200 off with a trade-in. The promotion could support device upgrades, customer retention and wireless-service revenue, although discounts may pressure near-term margins. AT&T iPhone 18 promotion
• Positive Sentiment: CEO John Stankey described SpaceX’s Starlink as potentially complementary to AT&T rather than a direct threat. The comments helped ease concerns that satellite connectivity could significantly disrupt AT&T’s wireless business, particularly in underserved areas. AT&T and Starlink relationship
• Positive Sentiment: AT&T’s planned use of Amazon Leo satellite broadband for business customers reinforces a strategy of using satellite services to extend its connectivity offering. The arrangement could improve enterprise reach and create additional customer stickiness. AT&T Amazon satellite broadband partnership
• Neutral Sentiment: AT&T added Fazal F. Merchant as an independent director and expanded its board to 11 members. His assignments to the Audit and Corporate Development and Finance committees strengthen oversight, but the appointment is not expected to materially affect near-term earnings. AT&T board appointment
• Negative Sentiment: Commentary continues to question why AT&T trades as though its business is shrinking, highlighting investor skepticism despite improving operating trends. Concerns about slow growth, substantial leverage and competition from satellite providers could continue to limit the stock’s valuation. Why AT&T stock trades like it is shrinking

Analyst Ratings Changes

Several equities research analysts have weighed in on T shares. Wall Street Zen raised AT&T from a "sell" rating to a "hold" rating in a research report on Saturday, June 20th. Wolfe Research raised 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. Scotiabank lowered their target price on AT&T from $31.00 to $29.25 and set a "sector perform" rating on the stock in a research note on Wednesday, July 15th. Wells Fargo & Company upped their target price on AT&T from $18.00 to $20.00 and gave the stock an "underweight" rating in a research note on Thursday, July 23rd. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating and set a $25.00 target price on shares of AT&T in a report on Monday, July 13th. 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 company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $29.19.

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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