CX Institutional Sells 66,857 Shares of AT&T Inc. $T

Key Points

• CX Institutional cut its AT&T position by 51.8% in the third quarter, selling 66,857 shares and retaining 62,307 shares worth approximately $1.52 million. Institutional investors and hedge funds collectively own 57.1% of AT&T.
• AT&T reported quarterly EPS of $0.65, beating estimates by $0.06, while revenue rose 2.3% year over year to $31.56 billion. Analysts expect full-year EPS of about $2.33.
• The company declared a quarterly dividend of $0.2775 per share, equivalent to an annualized $1.11 payout and a 4.6% yield. Analysts have a consensus “Moderate Buy” rating and an average price target of $29.16, versus a recent share price of $24.29.

CX Institutional decreased its position in AT&T Inc. (NYSE:T - Free Report) by 51.8% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 62,307 shares of the technology company's stock after selling 66,857 shares during the period. CX Institutional's holdings in AT&T were worth $1,520,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Bank of America Corp DE bought a new stake in shares of AT&T in the second quarter worth $2,310,898,000. GQG Partners LLC bought a new position in AT&T in the second quarter valued at $1,223,364,000. Legal & General Group Plc bought a new position in AT&T in the second quarter valued at $960,695,000. State Street Corp increased its stake 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 valued at $6,919,464,000 after buying an additional 18,468,679 shares during the last quarter. Finally, Nykredit A S acquired a new stake in AT&T in the 2nd quarter valued at $259,954,000. Institutional investors and hedge funds own 57.10% of the company's stock.

AT&T Stock Down 0.0%

AT&T stock opened at $24.29 on Friday. 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 company's 50-day moving average is $25.01 and its 200-day moving average is $24.77. The firm has a market capitalization of $166.47 billion, a PE ratio of 8.04, a P/E/G ratio of 1.21 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.

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 (EPS) for the quarter, beating 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 business had revenue of $31.56 billion during the quarter, compared to the consensus estimate of $31.80 billion. During the same period last year, the business posted $0.54 EPS. AT&T's revenue was up 2.3% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Sell-side analysts anticipate that AT&T Inc. will post 2.33 earnings per share 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 dividend of $0.2775 per share. 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 4.6%. AT&T's payout ratio is presently 36.75%.

More AT&T News

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

• Positive Sentiment: AT&T, T-Mobile and Verizon launched a joint venture to expand satellite-enabled wireless coverage and reduce U.S. cellular dead zones. The companies appointed wireless-industry veteran Paul Roth as interim CEO. The initiative could improve coverage in underserved areas and strengthen AT&T’s competitive position. US wireless carriers name Paul Roth interim CEO for satellite connectivity venture
• Positive Sentiment: AT&T signed a fiber-supply agreement worth more than $3 billion with Corning. The deal highlights expected demand for fiber infrastructure from artificial-intelligence data growth and supports AT&T’s strategy of expanding higher-value broadband services. Corning and AT&T's $3 Billion Fiber Deal Reveals Where AI Spending Goes Next
• Positive Sentiment: Analysts continue to view AT&T as an attractive income stock, citing its roughly 4.56% dividend yield. The company is also approaching third-quarter earnings, with expectations for double-digit year-over-year earnings growth and a possible earnings beat based on its historical surprise record. Wall Street's Most Accurate Analysts Spotlight On 3 Tech And Telecom Stocks Delivering High-Dividend Yields
• Neutral Sentiment: CEO John Stankey criticized SpaceX’s planned satellite cellular strategy, arguing that fiber offers superior capacity and reliability. The comments reinforce AT&T’s fiber investment thesis, although satellite competition remains a potential long-term risk. AT&T CEO Challenges Elon Musk’s Starlink Cellular Plan
• Negative Sentiment: AT&T warned some iPhone 18 Pro Max customers that software and eSIM-related problems can prevent calls, data access and potentially emergency calling. The company is urging users to install iOS 27 immediately. Although an update may resolve the issue, reports of service failures could hurt customer confidence and increase reputational risk. AT&T issues urgent warning to some iPhone 18 Pro Max owners

Analyst Ratings Changes

A number of research firms have recently commented on T. Barclays reduced their price objective on shares of 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. Wolfe Research raised AT&T from a "peer perform" rating to an "outperform" rating and set a $29.00 target price on the stock in a research report on Thursday, July 23rd. Argus lowered their target price on AT&T from $33.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday, July 23rd. TD Cowen upped their target price on AT&T from $32.00 to $33.00 and gave the stock a "hold" rating in a report on Thursday, July 23rd. Finally, Royal Bank Of Canada reduced their price target 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. Twelve research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $29.16.

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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