Sunbelt Securities Inc. Sells 66,388 Shares of AT&T Inc. $T

Key Points

• Sunbelt Securities cut its AT&T stake by 52.9%, selling 66,388 shares in Q3 and now holds 59,213 shares worth about $1.672 million.
• AT&T beat expectations for the quarter with $0.52 EPS (vs. $0.46 est.) and $33.47B revenue (vs. $32.91B est.), and set FY2026 guidance of $2.25–$2.35 EPS.
• Analyst sentiment is an average "Moderate Buy" with a consensus target of $30.35, amid recent target revisions ranging roughly from $29 to $32 by various firms.

Sunbelt Securities Inc. decreased its position in AT&T Inc. (NYSE:T - Free Report) by 52.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 59,213 shares of the technology company's stock after selling 66,388 shares during the quarter. Sunbelt Securities Inc.'s holdings in AT&T were worth $1,672,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of T. Front Row Advisors LLC bought a new stake in shares of AT&T in the second quarter worth $25,000. Mountain Hill Investment Partners Corp. increased its stake in AT&T by 363.7% in the 3rd quarter. Mountain Hill Investment Partners Corp. now owns 895 shares of the technology company's stock valued at $25,000 after buying an additional 702 shares during the last quarter. GGM Financials LLC acquired a new stake in AT&T in the 3rd quarter valued at $25,000. Cloud Capital Management LLC bought a new stake in AT&T during the 3rd quarter worth about $31,000. Finally, Kilter Group LLC acquired a new position in shares of AT&T during the 2nd quarter worth about $32,000. Institutional investors own 57.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Scotiabank lifted their target price on AT&T from $29.50 to $31.00 and gave the company a "sector perform" rating in a research report on Monday, March 9th. Oppenheimer increased their price target on AT&T from $29.00 to $32.00 and gave the company an "outperform" rating in a research report on Wednesday, March 11th. KeyCorp reaffirmed an "overweight" rating on shares of AT&T in a research report on Wednesday, January 21st. Citigroup dropped their price objective on AT&T from $32.00 to $29.00 and set a "buy" rating on the stock in a research note on Monday, December 22nd. Finally, Morgan Stanley cut their price objective on AT&T from $32.00 to $30.00 and set an "overweight" rating for the company in a report on Wednesday, December 10th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, AT&T currently has an average rating of "Moderate Buy" and a consensus target price of $30.35.

Key Stories Impacting AT&T

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

• Positive Sentiment: AT&T rolled out a new AI‑powered consumer app to let wireless and home internet customers manage services and get AI support in one place — a product that could boost retention, simplify upsells and improve customer experience if adoption scales toward the company’s 100M-family target. Read More.
• Positive Sentiment: AT&T expanded a small‑business service assurance guarantee (faster support, bill credits for downtime), which targets SMB churn and could help stabilize business revenue and ARPU in a competitive market. Read More.
• Positive Sentiment: New national marketing tied to NCAA March Madness aims to reinforce AT&T’s brand and connectivity story — a visibility play that can help customer engagement and long‑term retention. Read More.
• Neutral Sentiment: AT&T committed to a large $250 billion spending plan to advance U.S. connectivity — a long‑term growth and market‑share signal but one that increases capital intensity and invites scrutiny on timing, returns and near‑term cash/ leverage. Read More.
• Neutral Sentiment: Analyst/media attention has spiked (Zacks/other outlets flagging T as a watched stock), which can increase trading volume and volatility but does not guarantee direction. Read More.
• Neutral Sentiment: Broader sector/infrastructure coverage (MarketBeat piece on “boring” infrastructure stocks) may shift some investor flows toward other yield/utility‑like names; limited direct impact on AT&T but relevant for relative allocation decisions.
• Negative Sentiment: Market headlines noted that AT&T suffered a larger-than-market intraday decline, reflecting near‑term selling pressure; that technical weakness can amplify downside as momentum traders react. Read More.

AT&T Trading Down 1.6%

AT&T stock opened at $27.40 on Thursday. The stock has a 50-day simple moving average of $26.51 and a 200 day simple moving average of $26.27. The stock has a market capitalization of $191.35 billion, a P/E ratio of 8.98, a PEG ratio of 1.04 and a beta of 0.39. 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 Inc. has a 52 week low of $22.95 and a 52 week high of $29.79.

AT&T (NYSE:T - Get Free Report) last released its quarterly earnings data on Wednesday, January 28th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.06. The company had revenue of $33.47 billion during the quarter, compared to analysts' expectations of $32.91 billion. AT&T had a return on equity of 12.33% and a net margin of 17.47%.The business's revenue was up 3.6% on a year-over-year basis. During the same period last year, the firm posted $0.43 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Company Profile

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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