AT&T Inc. $T Stake Decreased by Curated Wealth Partners LLC

Key Points

• Curated Wealth Partners cut its AT&T stake by 78% in the third quarter, selling 88,930 shares and retaining 25,141 shares worth approximately $613,000. Institutional investors collectively own 57.1% of the company.
• Analysts maintain a generally positive view, with AT&T carrying a consensus “Moderate Buy” rating and a $29.05 average price target, despite several recent target reductions.
• AT&T offers a quarterly dividend of $0.2775 per share, equivalent to a 4.7% annualized yield. The stock recently opened at $23.44, while the company continues prioritizing U.S. fiber and 5G investments.

Curated Wealth Partners LLC trimmed its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 78.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,141 shares of the technology company's stock after selling 88,930 shares during the quarter. Curated Wealth Partners LLC's holdings in AT&T were worth $613,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. WealthPlan Investment Management LLC grew its stake in shares of AT&T by 7.2% during the 3rd quarter. WealthPlan Investment Management LLC now owns 98,966 shares of the technology company's stock valued at $2,415,000 after acquiring an additional 6,621 shares during the period. Viking Fund Management LLC raised its stake in AT&T by 4.0% during the 3rd quarter. Viking Fund Management LLC now owns 681,000 shares of the technology company's stock worth $16,616,000 after acquiring an additional 26,000 shares during the period. Fort Washington Investment Advisors Inc. OH raised its stake in AT&T by 2.4% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 2,517,443 shares of the technology company's stock worth $61,426,000 after acquiring an additional 59,723 shares during the period. B.A. Schrock Wealth Management Inc. purchased a new position in AT&T during the third quarter valued at approximately $1,583,000. Finally, Howard Financial Services LTD. lifted its holdings in AT&T by 9.2% during the third quarter. Howard Financial Services LTD. now owns 20,090 shares of the technology company's stock valued at $490,000 after purchasing an additional 1,687 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on T. Scotiabank dropped their price target on shares of AT&T from $27.50 to $26.50 and set a "sector perform" rating for the company in a research report on Friday, October 9th. Argus decreased their price objective on shares of AT&T from $33.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday, July 23rd. Morgan Stanley raised their price objective on shares of AT&T from $27.00 to $28.00 and gave the company an "overweight" rating in a research report on Monday, September 28th. Royal Bank Of Canada lowered their target price on shares of AT&T from $31.00 to $27.00 and set an "outperform" rating on the stock in a research note on Monday, July 20th. Finally, Wall Street Zen raised shares of AT&T from a "sell" rating to a "hold" rating in a report on Saturday, June 20th. Eleven analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, AT&T presently has a consensus rating of "Moderate Buy" and a consensus price target of $29.05.

AT&T Stock Down 0.2%

NYSE T opened at $23.44 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06. AT&T Inc. has a 12 month low of $19.89 and a 12 month high of $29.43. The stock's 50 day moving average is $24.98 and its 200 day moving average is $24.44. The stock has a market cap of $160.65 billion, a PE ratio of 7.76, a P/E/G ratio of 1.14 and a beta of 0.25.

AT&T (NYSE:T - Get Free Report) last released 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 firm had revenue of $31.56 billion for the quarter, compared to analysts' expectations of $31.80 billion. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The company's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Research analysts predict that AT&T Inc. will post 2.33 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Monday, October 12th will be paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Friday, October 9th. AT&T's dividend payout ratio (DPR) is presently 36.75%.

Key Headlines Impacting AT&T

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

• Positive Sentiment: Mexico exit supports U.S. investment: AT&T agreed to sell its Mexican wireless operations to Grupo Televisa and Fintech Holdings for approximately $2 billion. Management plans to redirect resources toward U.S. fiber and 5G, while the transaction should simplify AT&T’s international footprint and provide additional financial flexibility. AT&T Agrees To Exit Its Mexican Wireless Business
• Positive Sentiment: Fiber expansion remains a growth priority: AT&T’s $5.75 billion acquisition of Lumen Technologies’ consumer fiber business adds more than 1 million subscribers and reaches over 4 million locations. The deal could accelerate broadband expansion and strengthen AT&T’s ability to bundle fiber with wireless services. AT&T Does Buying Fiber Create More Value Than Building It?
• Positive Sentiment: AT&T expanded its customer-service guarantee, promising access to an expert within five minutes or a callback, with additional support for customers combining fiber and wireless services. The initiative could aid customer retention, although its direct financial impact is uncertain. AT&T Expands America's Best Guarantee
• Neutral Sentiment: Construction of AT&T’s planned $1 billion-plus Plano headquarters campus is expected to begin December 1, with completion targeted for March 2029. The project reinforces its corporate presence but represents a substantial long-term capital commitment. AT&T Plano Headquarters Construction Eyed for December 1 Start
• Neutral Sentiment: Investors are awaiting third-quarter results on October 21. Beyond revenue and EPS, attention will likely center on wireless subscribers, broadband growth, cash flow, and management’s outlook. Countdown to AT&T Q3 Earnings
• Negative Sentiment: Bernstein downgraded AT&T to Market Perform amid concerns that SpaceX’s satellite connectivity could increase competitive pressure on traditional wireless operators. The downgrade adds near-term selling pressure ahead of earnings. AT&T Stock Downgraded Over SpaceX

AT&T Company Profile

AT&T Inc NYSE: T is a telecommunications company that provides wireless communications, broadband, and related connectivity services. Its offerings include mobile voice and data plans, internet access, fiber broadband, fixed wireless services, and business communications solutions.

The company serves consumers, businesses, government agencies, and other organizations primarily in the United States. AT&T’s business operations include wireless network services, wireline connectivity, fiber-optic internet, voice services, and networking solutions designed to connect locations, devices, and applications.

AT&T traces its history to the Bell System and has operated under its current corporate name since 2005, following the acquisition of AT&T Corp.

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