Sound Income Strategies LLC Acquires 124,997 Shares of AT&T Inc. $T

Key Points

• Sound Income Strategies LLC increased its AT&T stake by 19.8% in the third quarter, adding 124,997 shares for a total of 754,818 shares valued at approximately $18.8 million. Institutional investors collectively own 57.1% of AT&T.
• AT&T reported quarterly EPS of $0.65, beating estimates of $0.59, while revenue rose 2.3% year over year to $31.56 billion. The company reaffirmed fiscal 2026 EPS guidance of $2.25–$2.35.
• The company declared a quarterly dividend of $0.2775, equivalent to an annualized $1.11 and a 5.0% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $29.11.

Sound Income Strategies LLC increased its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 19.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 754,818 shares of the technology company's stock after acquiring an additional 124,997 shares during the quarter. Sound Income Strategies LLC's holdings in AT&T were worth $18,772,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fairway Wealth LLC acquired a new position in shares of AT&T during the 1st quarter worth approximately $29,000. Robinswood Financial LLC bought a new position in shares of AT&T during the first quarter worth approximately $29,000. Orion Capital Management LLC bought a new position in shares of AT&T during the second quarter worth approximately $26,000. Addison Advisors LLC acquired a new stake in shares of AT&T in the second quarter valued at approximately $27,000. Finally, North Point Portfolio Managers Corp OH acquired a new stake in shares of AT&T in the third quarter valued at approximately $34,000. Institutional investors and hedge funds own 57.10% of the company's stock.

AT&T Price Performance

Shares of NYSE:T traded down $2.69 during midday trading on Friday, hitting $22.18. The stock had a trading volume of 150,366,455 shares, compared to its average volume of 48,517,793. The company's 50-day moving average price is $25.02 and its 200-day moving average price is $24.64. 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 quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $151.97 billion, a P/E ratio of 7.34, a price-to-earnings-growth ratio of 1.22 and a beta of 0.25.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.06. The business had revenue of $31.56 billion for the quarter, compared to analyst estimates of $31.80 billion. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The firm's revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter last year, the business posted $0.54 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, equities research analysts predict that AT&T Inc. will post 2.33 EPS for the current fiscal 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 $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Friday, October 9th. AT&T's dividend payout ratio (DPR) is currently 36.75%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on T shares. KeyCorp reissued an "overweight" rating and set a $36.00 price target on shares of AT&T in a research report on Wednesday. Weiss Ratings raised AT&T from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, August 3rd. Wells Fargo & Company upped their target price on AT&T from $18.00 to $20.00 and gave the company an "underweight" rating in a research report on Thursday, July 23rd. TD Cowen increased 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, Morgan Stanley increased their target price on AT&T from $27.00 to $28.00 and gave the stock an "overweight" rating in a report on Monday, September 28th. Twelve analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $29.11.

Trending Headlines about AT&T

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

• Positive Sentiment: AT&T launched promotional offers for the new iPhone Duo, including up to $1,200 off with an eligible trade-in. The offer could support device sales, customer retention, and subscriber additions. AT&T iPhone Duo announcement
• Positive Sentiment: AT&T’s new fiber joint venture with Global Infrastructure Partners and CPP Investments is intended to expand the wholesale network to more than 60 million locations by 2030. AT&T expects proceeds that could help reduce debt, fund network investment, and return capital to shareholders. AT&T fiber venture analysis
• Positive Sentiment: Although Scotiabank lowered its price target from $27.50 to $26.50 and maintained a sector-perform rating, the revised target remains materially above recent trading levels, indicating potential valuation support.
• Neutral Sentiment: Recent trading has also reflected dividend-related timing, elevated Treasury yields, and a lack of fresh company-specific catalysts before AT&T’s scheduled third-quarter earnings report on October 21. AT&T has reiterated its financial outlook.
• Negative Sentiment: SpaceX agreed to acquire nationwide low-band spectrum for Starlink Mobile, giving it a clearer path to provide satellite-to-phone connectivity without relying entirely on traditional carriers. Investors fear the move could intensify competition, pressure wireless pricing, and slow subscriber or revenue growth at AT&T. SpaceX spectrum deal coverage
• Negative Sentiment: AT&T also faces a $177 million approved settlement related to a data breach, adding a legal and reputational overhang, although the immediate stock reaction is being driven primarily by SpaceX competition concerns. AT&T data breach settlement

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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