Wealthfront Advisers LLC Sells 202,762 Shares of AT&T Inc. $T

Wealthfront Advisers LLC trimmed its position in AT&T Inc. (NYSE:T - Free Report) by 13.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,321,395 shares of the technology company's stock after selling 202,762 shares during the quarter. Wealthfront Advisers LLC's holdings in AT&T were worth $27,353,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Strategic Wealth Advisors LLC boosted its stake in AT&T by 85.6% during the second quarter. Strategic Wealth Advisors LLC now owns 1,717 shares of the technology company's stock valued at $36,000 after buying an additional 792 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC grew its holdings in AT&T by 78.1% during the 2nd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 1,906 shares of the technology company's stock valued at $39,000 after buying an additional 836 shares in the last quarter. Equity Investment Corp increased its stake in AT&T by 8.7% in the 2nd quarter. Equity Investment Corp now owns 5,029,754 shares of the technology company's stock worth $104,116,000 after acquiring an additional 401,070 shares during the last quarter. Meeder Advisory Services Inc. increased its stake in AT&T by 1.7% in the 2nd quarter. Meeder Advisory Services Inc. now owns 166,650 shares of the technology company's stock worth $3,450,000 after acquiring an additional 2,863 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its holdings in shares of AT&T by 721.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 160,858 shares of the technology company's stock worth $3,330,000 after acquiring an additional 141,279 shares in the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on T shares. Scotiabank lowered their target price on AT&T from $31.00 to $29.25 and set a "sector perform" rating for the company in a research report on Wednesday, July 15th. Morgan Stanley boosted their price target on shares of AT&T from $25.00 to $27.00 and gave the stock an "overweight" rating in a research report on Thursday, July 23rd. Wall Street Zen raised shares of AT&T from a "sell" rating to a "hold" rating in a research note on Saturday, June 20th. Argus lowered their price objective on shares of AT&T from $33.00 to $30.00 and set a "buy" rating for the company in a research report on Thursday, July 23rd. Finally, Wolfe Research raised shares of AT&T from a "peer perform" rating to an "outperform" rating and set a $29.00 price objective for the company in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, AT&T presently has a consensus rating of "Moderate Buy" and a consensus price target of $29.19.

AT&T Price Performance

NYSE:T opened at $25.33 on Friday. The firm has a market capitalization of $173.57 billion, a price-to-earnings ratio of 8.39, a PEG ratio of 1.03 and a beta of 0.23. AT&T Inc. has a 1 year low of $19.89 and a 1 year high of $29.79. The business has a 50 day simple moving average of $22.83 and a 200-day simple moving average of $25.27. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.97 and a quick ratio of 0.93.

AT&T (NYSE:T - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.59 by $0.06. The firm had revenue of $31.56 billion during the quarter, compared to analysts' expectations of $31.80 billion. AT&T had a return on equity of 12.86% and a net margin of 16.94%.The company's quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.54 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities analysts forecast that AT&T Inc. will post 2.34 EPS for the current year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Friday, July 10th. AT&T's payout ratio is presently 36.75%.

Key Stories Impacting AT&T

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

• Positive Sentiment: AT&T’s post-earnings momentum remains constructive: the company reported quarterly EPS of $0.65 versus the $0.59 consensus estimate, while revenue increased 2.3% year over year. Analysts are watching whether earnings estimates and the stock’s advance can continue. AT&T Up 9.5% Since Last Earnings Report
• Positive Sentiment: AT&T’s Advanced Connectivity business is gaining traction through fiber expansion, customer convergence and rising demand for AI-related network capacity. This supports the company’s longer-term growth outlook and helps offset slower legacy operations. AT&T Rides on Strength in Advanced Connectivity
• Positive Sentiment: A partnership with Hark gives AT&T exposure to emerging AI-native consumer devices. AT&T will invest in Hark and provide connectivity, certification and infrastructure support, potentially creating incremental traffic and device-related revenue opportunities. Hark and AT&T Partner on Connectivity for Future AI Devices
• Positive Sentiment: AT&T reportedly reduced the cost of coding and other AI tasks by as much as 56% by using model-routing tools and open-source systems, with only a modest decline in output quality. Lower internal AI costs could support productivity and margins. AT&T Slashes AI Costs by Adopting Model Routers and Open Source
• Neutral Sentiment: Analysts continue to highlight AT&T as a highly ranked value and income stock, with a roughly 4.5% dividend yield and a low earnings multiple. However, the company’s growth is expected to remain moderate, making customer revenue increases important. AT&T Is a Top-Ranked Value Stock
• Negative Sentiment: Bernstein cautions that SpaceX’s potential telecom ambitions could intensify competition for AT&T, Verizon and T-Mobile. Meanwhile, heavy capital spending, elevated interest rates and industry balance-sheet pressures remain risks. Bernstein Remains Bullish on SpaceX

About AT&T

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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