Generali Asset Management SPA SGR Sells 59,004 Shares of AT&T Inc. $T

Key Points

• Generali Asset Management cut its AT&T stake by 13.3%, selling 59,004 shares and retaining 386,305 shares valued at approximately $9.4 million. Institutional investors collectively own 57.1% of AT&T.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and a $28.55 price target, although recent targets range from $21 to $29.
• AT&T reported quarterly earnings and revenue above expectations, while maintaining an attractive quarterly dividend of $0.2775 per share, equivalent to a roughly 5.4% annual yield.

Generali Asset Management SPA SGR trimmed its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 13.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 386,305 shares of the technology company's stock after selling 59,004 shares during the period. Generali Asset Management SPA SGR's holdings in AT&T were worth $9,426,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of T. Orion Capital Management LLC acquired a new stake in shares of AT&T in the second quarter valued at approximately $26,000. Addison Advisors LLC acquired a new position in AT&T during the 2nd quarter worth $27,000. Robinswood Financial LLC acquired a new position in AT&T during the 1st quarter worth $29,000. Matrix Trust Co lifted its holdings in AT&T by 331.8% during the 2nd quarter. Matrix Trust Co now owns 1,494 shares of the technology company's stock worth $31,000 after buying an additional 1,148 shares in the last quarter. Finally, North Point Portfolio Managers Corp OH bought a new position in AT&T in the 3rd quarter valued at $34,000. 57.10% of the stock is owned by institutional investors.

Trending Headlines about AT&T

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

• Positive Sentiment: Several analysts and financial commentators view AT&T as inexpensive relative to its earnings outlook. Supportive factors include continued customer additions, network investment, portfolio reshaping, buybacks and an approximately 5% dividend yield. One bullish analysis argues that Starlink Mobile is primarily a longer-term threat and maintains a $24 price target. AT&T Stock Looks Cheap Relative To Its Earnings Outlook AT&T: The SpaceX Panic Is A Gift
• Positive Sentiment: AT&T’s dividend remains a key attraction compared with the broader market, although investors are comparing its yield and sustainability with Verizon’s. The company’s prior quarterly results also showed earnings and revenue above consensus, with revenue up year over year. AT&T vs. Verizon: Which Telecom Stock Offers a Better Dividend?
• Neutral Sentiment: AT&T executives discussed dual listings and the development of Texas capital markets. The discussion could improve investor visibility over time but does not represent a material change to earnings or guidance. NYSE Texas President and AT&T on Dual Listings
• Negative Sentiment: Reports that eligible customers may receive as much as $5,000 to $7,500 in settlements tied to AT&T’s 2024 data breaches keep litigation and potential financial liabilities in focus. The reports primarily concern claim eligibility and payment timing, but the continuing publicity adds reputational and legal overhang. AT&T Customers Could Receive Up to $5,000 in Data Breach Settlement Case
• Negative Sentiment: Investor commentary continues to question whether SpaceX’s Starlink Mobile could intensify wireless competition and pressure pricing, customer retention and long-term dividend coverage. Other bearish commentary also highlights broader operational risks, contributing to caution around the stock. Is AT&T Stock a Great Dividend Investment or a Value Trap?

Wall Street Analysts Forecast Growth

Several research firms have recently commented on T. Wolfe Research raised AT&T from a "peer perform" rating to an "outperform" rating and set a $29.00 target price for the company in a research note on Thursday, July 23rd. Sanford C. Bernstein downgraded AT&T from an "outperform" rating to a "market perform" rating and set a $24.00 target price for the company. in a research report on Tuesday, October 13th. The Goldman Sachs Group set a $27.00 price target on AT&T in a research note on Wednesday, October 21st. Barclays cut their price target on AT&T from $24.00 to $21.00 and set an "equal weight" rating on the stock in a research note on Thursday, October 22nd. Finally, Weiss Ratings upgraded AT&T from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, August 3rd. Twelve 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 MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $28.55.

AT&T Stock Down 1.2%

Shares of NYSE:T opened at $20.70 on Thursday. AT&T Inc. has a one year low of $19.89 and a one year high of $29.43. The company has a 50 day moving average of $24.52 and a 200-day moving average of $24.99. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.87 and a quick ratio of 0.82. The stock has a market cap of $139.41 billion, a price-to-earnings ratio of 11.19, a P/E/G ratio of 1.04 and a beta of 0.25.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings results on Wednesday, October 21st. The technology company reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of $0.60 by $0.05. AT&T had a net margin of 10.19% and a return on equity of 13.41%. The business had revenue of $32.32 billion during the quarter, compared to the consensus estimate of $31.69 billion. During the same period in the previous year, the firm posted $0.54 earnings per share. AT&T's revenue for the quarter was up 5.2% compared to the same quarter last year. On average, sell-side analysts forecast that AT&T Inc. will post 2.39 earnings per share 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 issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend is Friday, October 9th. AT&T's payout ratio is currently 60.00%.

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.

Want to see what other hedge funds are holding T? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AT&T Inc. (NYSE:T - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.