Counterpoint Mutual Funds LLC Buys 375,631 Shares of AT&T Inc. $T

Key Points

• Counterpoint Mutual Funds initiated a position of 375,631 AT&T shares worth approximately $9.2 million in the third quarter. Institutional investors and hedge funds collectively own 57.1% of AT&T.
• AT&T is focusing on its U.S. operations, including fiber and 5G, through the planned $2 billion sale of its Mexican wireless business and the $5.75 billion acquisition of Lumen’s consumer fiber assets.
• Analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and an average price target of $29.05 versus the stock’s $23.44 opening price. AT&T also offers a quarterly dividend of $0.2775, equivalent to a 4.7% annualized yield.

Counterpoint Mutual Funds LLC bought a new position in AT&T Inc. (NYSE:T - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 375,631 shares of the technology company's stock, valued at approximately $9,165,000.

Several other hedge funds have also bought and sold shares of the business. Bank of America Corp DE purchased a new stake in AT&T during the second quarter valued at about $2,310,898,000. GQG Partners LLC purchased a new position in shares of AT&T in the second quarter worth $1,223,364,000. Legal & General Group Plc purchased a new stake in AT&T during the 2nd quarter valued at $960,695,000. State Street Corp increased its position in shares of AT&T by 5.8% in the second quarter. State Street Corp now owns 334,273,613 shares of the technology company's stock valued at $6,919,464,000 after acquiring an additional 18,468,679 shares during the period. Finally, Nykredit A S bought a new stake in shares of AT&T in the second quarter worth about $259,954,000. Institutional investors and hedge funds own 57.10% of the company's stock.

Key AT&T News

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

Analysts Set New Price Targets

T has been the subject of several research analyst reports. KeyCorp reaffirmed an "overweight" rating and issued 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. Royal Bank Of Canada reduced their price objective on AT&T from $31.00 to $27.00 and set an "outperform" rating for the company in a research report on Monday, July 20th. Wolfe Research upgraded shares of AT&T from a "peer perform" rating to an "outperform" rating and set a $29.00 price target on the stock in a research note on Thursday, July 23rd. Finally, BNP Paribas Exane upgraded shares of AT&T from a "neutral" rating to an "outperform" rating and increased their price target for the company from $26.00 to $30.00 in a report on Monday, September 21st. Eleven analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $29.05.

AT&T Stock Down 0.2%

T stock opened at $23.44 on Friday. The business's 50-day moving average price is $24.98 and its 200-day moving average price is $24.44. The stock has a market cap of $160.65 billion, a P/E ratio of 7.76, a PEG ratio of 1.14 and a beta of 0.25. AT&T Inc. has a twelve month low of $19.89 and a twelve month high of $29.43. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 1.06.

AT&T (NYSE:T - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.06. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The company had revenue of $31.56 billion during the quarter, compared to the consensus estimate of $31.80 billion. During the same quarter in the prior year, the firm posted $0.54 EPS. AT&T'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. On average, equities research analysts forecast that AT&T Inc. will post 2.33 EPS for the current year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Monday, October 12th will be issued a $0.2775 dividend. The ex-dividend date of this dividend is Friday, October 9th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.7%. AT&T's dividend payout ratio (DPR) is 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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