AT&T Inc. $T Stock: International Assets Investment Management LLC Decreases Stake

Key Points

• International Assets Investment Management cut its AT&T stake by 65.9% in the third quarter, selling 285,433 shares and retaining 147,768 shares valued at $3.59 million.
• Institutional investors still own 57.1% of AT&T shares, with several major firms—including State Street and Bank of New York Mellon—adding to their positions.
• AT&T beat quarterly earnings and revenue estimates, reporting $0.65 per share and $32.32 billion in revenue. Analysts’ consensus rating is “Moderate Buy,” with a $27.56 average price target.

International Assets Investment Management LLC reduced its stake in AT&T Inc. (NYSE:T - Free Report) by 65.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 147,768 shares of the technology company's stock after selling 285,433 shares during the quarter. International Assets Investment Management LLC's holdings in AT&T were worth $3,591,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of T. State Street Corp grew its stake in shares of AT&T by 5.8% in the 2nd quarter. State Street Corp now owns 334,273,613 shares of the technology company's stock worth $6,919,464,000 after acquiring an additional 18,468,679 shares in the last quarter. Bank of America Corp DE lifted its position in shares of AT&T by 4.6% during the first quarter. Bank of America Corp DE now owns 125,191,700 shares of the technology company's stock valued at $3,629,307,000 after purchasing an additional 5,449,222 shares in the last quarter. 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 valued at $2,109,443,000 after purchasing an additional 8,197,935 shares in the last quarter. GQG Partners LLC purchased a new position in AT&T during the second quarter worth about $1,223,364,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in AT&T by 2.5% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 55,616,152 shares of the technology company's stock worth $1,151,254,000 after purchasing an additional 1,336,556 shares during the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting AT&T

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

• Positive Sentiment: AT&T and AST SpaceMobile completed what AT&T describes as the first successful handoff between a terrestrial cellular network and a direct-to-device satellite connection using standard smartphones. The technology could eventually help extend coverage beyond traditional network reach, though the reports do not indicate near-term revenue impact. Article: Is AT&T Undervalued As Its Satellite Handoff Opens A New Coverage Question?
• Neutral Sentiment: AT&T plans to move all consumer-facing customer support to U.S.-based operations by 2027 and use AI to assist agents and automate routine inquiries. The change may improve service or align with policy trends, but its cost and financial effects are not specified. Article: AT&T Sets 2027 Deadline For All U.S. Based Consumer Support
• Negative Sentiment: A Zacks analysis says AT&T shares have fallen 11.8% over the past year, lagging the wireless industry and broader market benchmarks despite fiber and wireless growth. It cites rising debt and competitive pressures as concerns that could offset the stock’s valuation appeal. Article: AT&T Stock Falls 11.8% in a Year: Should You Buy the Dip?
• Negative Sentiment: A dividend-stock comparison puts Verizon’s yield at 6.1% and AT&T’s below that, which may make AT&T less appealing to investors focused mainly on income. Separately, an article on dividend safety notes that debt refinancing at higher rates can compete with cash available for dividends; the supplied summary does not specify AT&T’s individual risk assessment. Article: Better Dividend Stock: Verizon vs. AT&T

Wall Street Analyst Weigh In

A number of brokerages have issued reports on T. Sanford C. Bernstein downgraded shares of AT&T from an "outperform" rating to a "market perform" rating and set a $24.00 price objective for the company. in a research report on Tuesday, October 13th. TD Cowen reissued a "hold" rating and set a $33.00 target price on shares of AT&T in a research report on Thursday, October 22nd. Arete Research cut their target price on AT&T from $28.00 to $23.00 and set a "neutral" rating on the stock in a research note on Thursday, October 1st. Royal Bank Of Canada reduced their target price on AT&T from $31.00 to $27.00 and set an "outperform" rating for the company in a report on Monday, July 20th. Finally, Raymond James Financial reduced their target price on AT&T from $33.00 to $29.00 in a report on Thursday, October 22nd. Twelve analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, AT&T presently has a consensus rating of "Moderate Buy" and a consensus target price of $27.56.

AT&T Trading Down 0.9%

NYSE T opened at $21.61 on Friday. The stock has a market capitalization of $145.60 billion, a price-to-earnings ratio of 11.68, a PEG ratio of 1.07 and a beta of 0.30. AT&T Inc. has a one year low of $19.89 and a one year high of $29.43. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.87 and a quick ratio of 0.82. The business's fifty day moving average is $23.96 and its 200-day moving average is $24.91.

AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings results on Wednesday, October 21st. The technology company reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of $0.60 by $0.05. The company had revenue of $32.32 billion for the quarter, compared to the consensus estimate of $31.69 billion. AT&T had a net margin of 10.19% and a return on equity of 13.41%. The firm's quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.54 EPS. Equities research analysts predict that AT&T Inc. will post 2.39 EPS for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 2nd. Shareholders of record on Monday, October 12th were given a $0.2775 dividend. The ex-dividend date of this dividend was Friday, October 9th. This represents a $1.11 annualized dividend and a yield of 5.1%. AT&T's payout ratio is currently 60.00%.

AT&T 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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