AT&T Inc. $T Position Increased by Ethic Inc.

Ethic Inc. raised its position in AT&T Inc. (NYSE:T) by 3.7% during the third quarter, Holdings Channel reports. The fund owned 1,113,526 shares of the technology company’s stock after acquiring an additional 39,513 shares during the period. Ethic Inc.’s holdings in AT&T were worth $27,170,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp grew its stake in shares of AT&T by 5.8% during the 2nd quarter. State Street Corp now owns 334,273,613 shares of the technology company’s stock valued at $6,919,464,000 after purchasing an additional 18,468,679 shares during the period. Bank of America Corp DE increased its position in shares of AT&T by 4.6% during the 1st quarter. Bank of America Corp DE now owns 125,191,700 shares of the technology company’s stock valued at $3,629,307,000 after purchasing an additional 5,449,222 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of AT&T by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 75,323,574 shares of the technology company’s stock worth $1,559,198,000 after purchasing an additional 2,559,065 shares during the period. GQG Partners LLC bought a new position in shares of AT&T in the 2nd quarter worth approximately $1,223,364,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of AT&T by 2.5% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 55,616,152 shares of the technology company’s stock worth $1,151,254,000 after purchasing an additional 1,336,556 shares during the period. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on T. Citigroup dropped their price objective on shares of AT&T from $31.50 to $28.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Scotiabank reduced their target price on shares of AT&T from $27.50 to $26.50 and set a “sector perform” rating for the company in a report on Friday, October 9th. Daiwa Securities Group reduced their target price on shares of AT&T from $25.00 to $23.00 and set a “neutral” rating for the company in a report on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft decreased their price target on shares of AT&T from $32.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, October 27th. Finally, Moffett Nathanson dropped their price target on shares of AT&T from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 22nd. Twelve investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.56.

More AT&T News

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

• Positive Sentiment: AT&T and AST SpaceMobile completed what AT&T describes as the first successful handoff between a terrestrial cellular network and a direct-to-device satellite connection using standard smartphones. The technology could eventually help extend coverage beyond traditional network reach, though the reports do not indicate near-term revenue impact. Article: Is AT&T Undervalued As Its Satellite Handoff Opens A New Coverage Question?
• Neutral Sentiment: AT&T plans to move all consumer-facing customer support to U.S.-based operations by 2027 and use AI to assist agents and automate routine inquiries. The change may improve service or align with policy trends, but its cost and financial effects are not specified. Article: AT&T Sets 2027 Deadline For All U.S. Based Consumer Support
• Negative Sentiment: A Zacks analysis says AT&T shares have fallen 11.8% over the past year, lagging the wireless industry and broader market benchmarks despite fiber and wireless growth. It cites rising debt and competitive pressures as concerns that could offset the stock’s valuation appeal. Article: AT&T Stock Falls 11.8% in a Year: Should You Buy the Dip?
• Negative Sentiment: A dividend-stock comparison puts Verizon’s yield at 6.1% and AT&T’s below that, which may make AT&T less appealing to investors focused mainly on income. Separately, an article on dividend safety notes that debt refinancing at higher rates can compete with cash available for dividends; the supplied summary does not specify AT&T’s individual risk assessment. Article: Better Dividend Stock: Verizon vs. AT&T

AT&T Trading Down 0.9%

Shares of NYSE:T opened at $21.61 on Friday. The stock has a 50 day moving average of $23.96 and a 200 day moving average of $24.91. The company has a market cap of $145.60 billion, a PE ratio of 11.68, a price-to-earnings-growth ratio of 1.07 and a beta of 0.30. The company has a current ratio of 0.87, a quick ratio of 0.82 and a debt-to-equity ratio of 1.22. AT&T Inc. has a 12-month low of $19.89 and a 12-month high of $29.43.

AT&T (NYSE:T) last released its earnings results on Wednesday, October 21st. The technology company reported $0.65 EPS 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 company had revenue of $32.32 billion for the quarter, compared to analysts’ expectations of $31.69 billion. During the same quarter last year, the business earned $0.54 EPS. The firm’s revenue was up 5.2% compared to the same quarter last year. As a group, equities research analysts expect that AT&T Inc. will post 2.39 EPS for the current year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 2nd. Shareholders of record on Monday, October 12th were given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date was Friday, October 9th. AT&T’s dividend payout ratio is presently 60.00%.

About AT&T

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.