AT&T Inc. $T Stock: Talbot Financial LLC Cuts Holdings

Key Points

• Talbot Financial cut its AT&T stake by 12.1% in the third quarter, selling 56,371 shares and retaining 409,903 shares valued at approximately $10 million. Institutional investors and hedge funds collectively own 57.1% of the company.
• Analysts maintain a generally positive outlook, with 11 Buy, six Hold and one Sell rating, producing a “Moderate Buy” consensus and an average price target of $29.05.
• AT&T shares recently traded at $23.29, down 0.7%, while the company reported quarterly EPS of $0.65—beating estimates—and announced a quarterly dividend of $0.2775 per share, representing a 4.8% annualized yield.

Talbot Financial LLC cut its position in shares of AT&T Inc. (NYSE:T - Free Report) by 12.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 409,903 shares of the technology company's stock after selling 56,371 shares during the quarter. Talbot Financial LLC's holdings in AT&T were worth $10,002,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in T. Capital Square LLC raised its stake in AT&T by 1.4% during the 3rd quarter. Capital Square LLC now owns 34,534 shares of the technology company's stock valued at $843,000 after purchasing an additional 493 shares during the period. Herold Advisors Inc. lifted its holdings in shares of AT&T by 0.5% in the third quarter. Herold Advisors Inc. now owns 109,692 shares of the technology company's stock valued at $2,677,000 after purchasing an additional 543 shares in the last quarter. Foguth Wealth Management LLC. lifted its holdings in shares of AT&T by 8.8% in the third quarter. Foguth Wealth Management LLC. now owns 14,270 shares of the technology company's stock valued at $334,000 after purchasing an additional 1,156 shares in the last quarter. Clark Wealth Partners boosted its position in shares of AT&T by 17.5% in the third quarter. Clark Wealth Partners now owns 3,092 shares of the technology company's stock worth $75,000 after buying an additional 460 shares during the period. Finally, Onyx Bridge Wealth Group LLC boosted its position in shares of AT&T by 14.5% in the third quarter. Onyx Bridge Wealth Group LLC now owns 45,075 shares of the technology company's stock worth $1,100,000 after buying an additional 5,706 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

T has been the topic of a number of research analyst reports. Weiss Ratings upgraded AT&T from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, August 3rd. Barclays reduced their price objective on AT&T from $26.00 to $24.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 8th. Wells Fargo & Company raised their price objective on AT&T from $18.00 to $20.00 and gave the stock an "underweight" rating in a research report on Thursday, July 23rd. KeyCorp restated an "overweight" rating and set a $36.00 price objective on shares of AT&T in a research report on Wednesday, October 7th. Finally, The Goldman Sachs Group set a $30.00 target price on AT&T in a research note on Wednesday, July 22nd. Eleven research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $29.05.

AT&T News Summary

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

• Positive Sentiment: AT&T, the NBA and WNBA launched the fourth-generation High-Speed Arena Network, extending AT&T’s multiyear role as the leagues’ official connectivity partner. The network will support live game content, replays, statistics and arena operations, reinforcing AT&T’s enterprise-networking capabilities and relationship with major sports venues. AT&T, NBA and WNBA Launch Next-Generation Network Built for the Future of Basketball
• Positive Sentiment: AT&T is supporting a technology upgrade at Miami’s Kaseya Center, with Wi-Fi delivered alongside CSPi Technology Solutions and Hewlett Packard Enterprise. The project could provide incremental enterprise-networking exposure, although the financial contribution to AT&T was not disclosed. CSPi Technology Solutions Announces Technology Project
• Neutral Sentiment: An investment commentary highlighted AT&T as a selection in President Donald Trump’s stock portfolio and cited potential customer-retention benefits from bundling fiber broadband with wireless service. However, the article is opinion-based and does not provide a new company announcement or financial guidance. AT&T Is in Trump’s Portfolio. Buy Before Earnings?
• Negative Sentiment: SpaceX’s reported $8 billion spectrum deal with Grain Management is raising concerns that SpaceX could become a stronger competitor in wireless connectivity. The resulting pressure on AT&T, Verizon and T-Mobile shares appears to be the main negative catalyst, as investors assess potential effects on spectrum access, pricing and market share. SpaceX’s Spectrum Deal Hits Telecom Stocks

AT&T Stock Down 0.7%

T traded down $0.15 during trading on Monday, reaching $23.29. 13,943,055 shares of the stock traded hands, compared to its average volume of 48,406,285. The stock has a market cap of $159.56 billion, a price-to-earnings ratio of 7.71, a price-to-earnings-growth ratio of 1.14 and a beta of 0.25. AT&T Inc. has a fifty-two week low of $19.89 and a fifty-two week high of $29.43. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.97 and a quick ratio of 0.93. The stock's 50-day simple moving average is $24.98 and its two-hundred day simple moving average is $24.41.

AT&T (NYSE:T - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, beating 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 firm 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 earnings per share. The business's quarterly 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. As a group, equities research analysts expect that AT&T Inc. will post 2.33 EPS for the current year.

AT&T Announces Dividend

The firm also recently announced 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. This represents a $1.11 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Friday, October 9th. AT&T's dividend payout ratio is presently 36.75%.

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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