AT&T Inc. $T Stock Sold by Cyndeo Wealth Partners LLC

Key Points

• Cyndeo Wealth Partners cut its AT&T stake by 88.6% in the third quarter, selling 365,165 shares and retaining 47,094 shares valued at approximately $1.15 million. Institutional investors collectively own 57.1% of AT&T.
• Analyst sentiment remains generally positive, with 11 Buy, six Hold, and one Sell rating; AT&T has a “Moderate Buy” consensus and an average price target of $29.05.
• AT&T reported quarterly EPS of $0.65, exceeding estimates, while revenue rose 2.3% year over year. The company also maintains a quarterly dividend of $0.2775 per share, equivalent to a 4.7% annualized yield.

Cyndeo Wealth Partners LLC trimmed its holdings in AT&T Inc. (NYSE:T - Free Report) by 88.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,094 shares of the technology company's stock after selling 365,165 shares during the period. Cyndeo Wealth Partners LLC's holdings in AT&T were worth $1,149,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. State Street Corp lifted its holdings in 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 purchasing an additional 18,468,679 shares in the last quarter. Bank of America Corp DE grew its holdings in AT&T by 4.6% during the 1st 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 buying an additional 5,449,222 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in AT&T by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 75,323,574 shares of the technology company's stock valued at $1,559,198,000 after buying an additional 2,559,065 shares in the last quarter. GQG Partners LLC purchased a new stake in AT&T during the 2nd quarter valued at approximately $1,223,364,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of 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 valued at $1,151,254,000 after buying an additional 1,336,556 shares during the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Morgan Stanley boosted their target price on shares of AT&T from $27.00 to $28.00 and gave the stock an "overweight" rating in a report on Monday, September 28th. KeyCorp restated an "overweight" rating and set a $36.00 target price on shares of AT&T in a research report on Wednesday, October 7th. Wall Street Zen raised shares of AT&T from a "sell" rating to a "hold" rating in a research note on Saturday, June 20th. Sanford C. Bernstein downgraded shares of AT&T from an "outperform" rating to a "market perform" rating and set a $24.00 price target on the stock. in a report on Tuesday. Finally, Royal Bank Of Canada reduced their price target on shares of AT&T from $31.00 to $27.00 and set an "outperform" rating on the stock in a report on Monday, July 20th. Eleven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, AT&T presently has a consensus rating of "Moderate Buy" and a consensus price target of $29.05.

AT&T Price Performance

Shares of AT&T stock opened at $23.44 on Friday. The stock has a 50 day moving average of $24.98 and a 200 day moving average of $24.44. AT&T Inc. has a 12 month low of $19.89 and a 12 month high of $29.43. The firm has a market cap of $160.65 billion, a PE ratio of 7.76, a PEG ratio of 1.14 and a beta of 0.25. 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 (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, topping analysts' consensus estimates of $0.59 by $0.06. AT&T had a return on equity of 12.86% and a net margin of 16.94%. The business had revenue of $31.56 billion for the quarter, compared to the consensus estimate of $31.80 billion. During the same quarter in the previous year, the company posted $0.54 EPS. 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 expect that AT&T Inc. will post 2.33 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Monday, October 12th will be given a dividend of $0.2775 per share. The ex-dividend date is Friday, October 9th. This represents a $1.11 dividend on an annualized basis and a yield of 4.7%. AT&T's dividend payout ratio is 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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