AT&T Inc. $T Stock Position Lifted by Alps Advisors Inc.

Key Points

• Alps Advisors increased its AT&T stake by 30.2% in the third quarter, adding 422,269 shares to reach 1.82 million shares valued at about $44.4 million. Other institutional investors also increased or initiated positions; institutions and hedge funds own 57.1% of the stock.
• AT&T beat quarterly earnings and revenue expectations, reporting EPS of $0.65 and revenue of $32.32 billion; revenue rose 5.2% year over year. The company’s quarterly dividend is $0.2775 per share, equivalent to a 5.1% annualized yield at the reported share price.
• Analyst sentiment is mixed: MarketBeat’s consensus rating is Hold, with an average price target of $27.56. Shares opened at $21.61, below their 50- and 200-day moving averages.

Alps Advisors Inc. boosted its position in AT&T Inc. (NYSE:T - Free Report) by 30.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,819,552 shares of the technology company's stock after purchasing an additional 422,269 shares during the period. Alps Advisors Inc.'s holdings in AT&T were worth $44,397,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of T. Parr Mcknight Wealth Management Group LLC acquired a new stake in shares of AT&T during the first quarter worth $2,901,000. Sound Income Strategies LLC boosted its position in AT&T by 19.8% during the third quarter. Sound Income Strategies LLC now owns 754,818 shares of the technology company's stock worth $18,772,000 after purchasing an additional 124,997 shares in the last quarter. B.A. Schrock Wealth Management Inc. acquired a new stake in shares of AT&T during the third quarter worth about $1,583,000. Orographic Financial Advisors LLC acquired a new position in AT&T in the 1st quarter valued at $3,449,000. Finally, Quintet Private Bank Europe S.A. raised its stake in AT&T by 44.1% during the third quarter. Quintet Private Bank Europe S.A. now owns 2,451,253 shares of the technology company's stock worth $59,811,000 after purchasing an additional 750,364 shares during the period. Institutional investors and hedge funds own 57.10% of the company's stock.

AT&T Price Performance

AT&T stock opened at $21.61 on Friday. AT&T Inc. has a one year low of $19.89 and a one year high of $29.43. The company has a market capitalization of $145.60 billion, a PE ratio of 8.97, a price-to-earnings-growth ratio of 1.06 and a beta of 0.30. 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 has a 50 day simple moving average of $23.96 and a 200 day simple moving average of $24.91.

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

AT&T Dividend Announcement

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

Wall Street Analysts Forecast Growth

T has been the topic of a number of research reports. BNP Paribas Exane upgraded AT&T from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from $26.00 to $30.00 in a report on Monday, September 21st. Royal Bank Of Canada cut their target price on AT&T from $31.00 to $27.00 and set an "outperform" rating on the stock in a research report on Monday, July 20th. TD Cowen reiterated a "hold" rating and set a $33.00 price target on shares of AT&T in a research report on Thursday, October 22nd. Argus reissued a "buy" rating and set a $30.00 price objective on shares of AT&T in a research report on Thursday, October 22nd. Finally, Moffett Nathanson cut their price target on AT&T from $24.00 to $23.00 and set a "neutral" rating for the company in a report on Tuesday, September 22nd. Twelve analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $27.56.

More AT&T News

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

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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