Baltimore Washington Financial Advisors Inc. Sells 57,365 Shares of AT&T Inc. $T

Key Points

• Baltimore Washington Financial Advisors cut its AT&T stake by 59.4% in Q3, selling 57,365 shares and leaving 39,232 shares worth about $1.11 million.
• AT&T recently beat quarterly EPS estimates ($0.52 vs. $0.46), provided FY2026 guidance of 2.25–2.35 EPS, and pays a $1.11 annualized dividend (≈3.9% yield; DPR 36.39%).
• Major institutions like Vanguard and State Street have been adding shares (institutional ownership ~57.1%), and analysts hold a consensus “Moderate Buy” rating with an average target around $29.93.

Baltimore Washington Financial Advisors Inc. decreased its position in AT&T Inc. (NYSE:T - Free Report) by 59.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,232 shares of the technology company's stock after selling 57,365 shares during the period. Baltimore Washington Financial Advisors Inc.'s holdings in AT&T were worth $1,108,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of AT&T by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 661,355,210 shares of the technology company's stock worth $19,139,620,000 after acquiring an additional 10,310,560 shares in the last quarter. State Street Corp boosted its position in shares of AT&T by 2.4% during the 2nd quarter. State Street Corp now owns 321,070,509 shares of the technology company's stock valued at $9,291,781,000 after purchasing an additional 7,404,376 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of AT&T by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 172,039,872 shares of the technology company's stock valued at $4,958,066,000 after purchasing an additional 2,066,026 shares in the last quarter. Norges Bank acquired a new stake in AT&T during the second quarter worth approximately $2,228,655,000. Finally, Ameriprise Financial Inc. grew its stake in AT&T by 8.7% during the second quarter. Ameriprise Financial Inc. now owns 55,247,484 shares of the technology company's stock worth $1,598,697,000 after purchasing an additional 4,404,688 shares during the period. Institutional investors own 57.10% of the company's stock.

AT&T Trading Down 1.1%

Shares of AT&T stock opened at $28.65 on Friday. The stock has a market capitalization of $200.57 billion, a PE ratio of 9.39, a price-to-earnings-growth ratio of 1.08 and a beta of 0.39. AT&T Inc. has a 52 week low of $22.95 and a 52 week high of $29.79. The stock has a 50 day moving average price of $26.04 and a two-hundred day moving average price of $26.37. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.86 and a current ratio of 0.91.

AT&T (NYSE:T - Get Free Report) last issued its earnings results on Wednesday, January 28th. The technology company reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.46 by $0.06. AT&T had a return on equity of 12.33% and a net margin of 17.47%.The company had revenue of $33.47 billion for the quarter, compared to analyst estimates of $32.91 billion. During the same period in the prior year, the firm earned $0.43 earnings per share. AT&T's revenue for the quarter was up 3.6% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, equities analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Monday, January 12th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Monday, January 12th. AT&T's dividend payout ratio (DPR) is 36.39%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Weiss Ratings reissued a "buy (b-)" rating on shares of AT&T in a research note on Monday, December 29th. KeyCorp reaffirmed an "overweight" rating on shares of AT&T in a research report on Wednesday, January 21st. Barclays lowered their price objective on shares of AT&T from $28.00 to $26.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 13th. The Goldman Sachs Group dropped their target price on shares of AT&T from $33.00 to $29.00 and set a "buy" rating on the stock in a research report on Friday, December 19th. Finally, Citigroup cut their target price on shares of AT&T from $32.00 to $29.00 and set a "buy" rating on the stock in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $29.93.

Key Headlines Impacting AT&T

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

• Positive Sentiment: AT&T is expanding its AT&T Guarantee to nearly 50 million more households and adding free Internet Backup for customers who bundle AT&T Fiber and Wireless — a move meant to boost perceived reliability and reduce churn for higher‑value bundled customers. This directly targets the reliability concern that matters to both consumer retention and enterprise customers. AT&T Expands America's Best Guarantee to Millions of Households Nationwide
• Positive Sentiment: AT&T and Ericsson demonstrated a working prototype of an AI-driven 5G/Cloud RAN feature that improves radio efficiency — a technical advancement that could lower network costs and support better margins as AT&T shifts to a cloud-native, AI-enabled network. Investors view such infrastructure progress as supportive of long‑term service quality and capital efficiency. AT&T Inc (T) Demonstrates Working Prototype of 5G/Cloud RAN Feature
• Positive Sentiment: Coverage comparing AT&T and Verizon highlights a recent Verizon outage and frames reliability as central for dividend investors. That incident reinforces AT&T’s push on guarantees and could tilt income‑oriented investors toward AT&T if they see it as the steadier yield play. AT&T vs. Verizon in 2026: Which Telecom Dividend Stock Is Actually Worth Owning?
• Positive Sentiment: Macro/sector commentary notes telecoms (including AT&T) outperforming many big tech names year‑to‑date as investors rotate to value and defensive income plays; that rotation supports higher relative multiple and demand for AT&T shares. Why Telecoms Like AT&T And Verizon Are Trouncing Tech Giants
• Neutral Sentiment: AT&T is frequently listed in dividend‑focused roundups as a long‑term “set it and forget it” income stock — a narrative that helps attract buy‑and‑hold investors, but adds little immediate catalyst beyond continued yield appeal. Set It and Forget It: The Dividend Stocks Worth Holding for the Rest of Your Life
• Neutral Sentiment: Reports that AT&T may roll out new phone plans imminently are speculative; new pricing or packaging could be a modest near‑term customer or ARPU catalyst but details and timing are uncertain. Report Suggests AT&T New Phone Plans for 2026 Could Arrive March 12
• Negative Sentiment: Social media criticism resurfaced around AT&T’s large historical losses (a $47B write-down from six years ago), which can stir negative sentiment but is unlikely to change fundamentals — still, reputational reminders can pressure short‑term trading if amplified. Reddit Is Still Furious About AT&T’s $47 Billion Loss From Six Years Ago

About AT&T

AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.

AT&T's product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.

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