Edgar Lomax Co. VA cut its position in shares of AT&T Inc. (NYSE:T – Free Report) by 22.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,722,778 shares of the technology company’s stock after selling 502,530 shares during the quarter. AT&T makes up 3.8% of Edgar Lomax Co. VA’s portfolio, making the stock its 7th largest holding. Edgar Lomax Co. VA’s holdings in AT&T were worth $48,651,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in T. Csenge Advisory Group raised its holdings in shares of AT&T by 20.3% during the third quarter. Csenge Advisory Group now owns 189,293 shares of the technology company’s stock valued at $5,346,000 after acquiring an additional 31,935 shares during the last quarter. Rhumbline Advisers increased its position in shares of AT&T by 0.4% during the third quarter. Rhumbline Advisers now owns 12,810,872 shares of the technology company’s stock worth $361,779,000 after purchasing an additional 49,727 shares in the last quarter. Wealthfront Advisers LLC raised its stake in AT&T by 4.9% in the 3rd quarter. Wealthfront Advisers LLC now owns 1,411,031 shares of the technology company’s stock valued at $39,848,000 after purchasing an additional 66,448 shares during the last quarter. Vise Technologies Inc. purchased a new position in AT&T in the 2nd quarter valued at $6,221,000. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in AT&T by 1.4% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,133,054 shares of the technology company’s stock valued at $512,077,000 after purchasing an additional 248,567 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.
AT&T Price Performance
T stock opened at $29.02 on Friday. AT&T Inc. has a 52-week low of $22.95 and a 52-week high of $29.79. The company has a quick ratio of 0.86, a current ratio of 0.91 and a debt-to-equity ratio of 1.00. The stock has a market cap of $203.16 billion, a price-to-earnings ratio of 9.51, a price-to-earnings-growth ratio of 1.08 and a beta of 0.39. The business has a fifty day moving average of $25.96 and a two-hundred day moving average of $26.37.
AT&T Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Monday, January 12th were issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Monday, January 12th. AT&T’s dividend payout ratio is currently 36.39%.
Key Stories Impacting AT&T
Here are the key news stories impacting AT&T this week:
- Positive Sentiment: AT&T broadened its AT&T Guarantee to include AT&T Internet Air and added free Internet Backup for fiber+wireless customers — a service expansion that can reduce churn and widen addressable households. AT&T Expands America’s Best Guarantee to Millions of Households Nationwide
- Positive Sentiment: AT&T is deepening its AI and open-network push (partnerships with H2O.ai, Geoforce, Aduna JV and membership in OCUDU/GSMA open initiatives), which supports higher-margin enterprise offerings and monetization of network software/asset intelligence. AT&T Deepens AI And Open Network Push As Valuation Gap Persists
- Positive Sentiment: Operational network progress: ongoing Open RAN overhaul and Cloud RAN tests with Ericsson signal capex efficiency and modernized infrastructure that could lower long-term operating costs and accelerate 5G/fiber rollouts. AT&T continues Open RAN overhaul, builds on Ericsson partnership with Cloud RAN tests
- Neutral Sentiment: Media reports suggest AT&T may refresh its phone plans (rumored rollout around March 12) — could boost ARPU if favorable, but details and competitive response will determine impact. AT&T may finally be refreshing its phone plans, but is the change an improvement?
- Neutral Sentiment: Investor-interest stories and analyst write-ups (Zacks/Yahoo) highlight that T has outperformed parts of the market and is trending among retail readers — supportive for sentiment but not a fundamental catalyst. AT&T (T) Surpasses Market Returns: Some Facts Worth Knowing
- Negative Sentiment: Analysts continue to caution that AT&T’s high debt load and industry competition are material risks that could limit upside or increase volatility despite operational progress. AT&T Shares Rise 9.5% in a Year: Should You Invest Now?
- Negative Sentiment: Legacy reputational chatter (e.g., social-media reaction to a past large loss) can generate headlines but is unlikely to change fundamentals; still, it can amplify short-term volatility. Reddit Is Still Furious About AT&T’s $47 Billion Loss From Six Years Ago
Analyst Ratings Changes
T has been the topic of a number of recent research reports. Weiss Ratings restated a “buy (b-)” rating on shares of AT&T in a research report on Monday, December 29th. Wall Street Zen lowered AT&T from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Wolfe Research downgraded AT&T from an “outperform” rating to a “peer perform” rating in a research report on Monday, December 15th. The Goldman Sachs Group lowered their price objective on AT&T from $33.00 to $29.00 and set a “buy” rating on the stock in a research note on Friday, December 19th. Finally, KeyCorp reaffirmed an “overweight” rating on shares of AT&T in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $29.93.
View Our Latest Research Report on AT&T
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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