HB Wealth Management LLC Purchases 37,614 Shares of AT&T Inc. $T

HB Wealth Management LLC grew its position in shares of AT&T Inc. (NYSE:T) by 3.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,120,220 shares of the technology company’s stock after buying an additional 37,614 shares during the quarter. HB Wealth Management LLC’s holdings in AT&T were worth $32,475,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in T. Investors Asset Management of Georgia Inc. GA ADV raised its holdings in AT&T by 1.9% in the 1st quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 54,864 shares of the technology company’s stock worth $1,591,000 after acquiring an additional 1,012 shares during the last quarter. Altus Wealth Group LLC lifted its position in AT&T by 11.5% in the 1st quarter. Altus Wealth Group LLC now owns 9,438 shares of the technology company’s stock valued at $274,000 after acquiring an additional 972 shares in the last quarter. Leelyn Smith LLC boosted its stake in AT&T by 3.4% during the 1st quarter. Leelyn Smith LLC now owns 30,380 shares of the technology company’s stock valued at $881,000 after purchasing an additional 1,005 shares during the last quarter. Baer Investment Advisory LLC purchased a new stake in AT&T during the 1st quarter valued at $393,000. Finally, Canal Capital Management LLC increased its holdings in shares of AT&T by 16.5% in the 1st quarter. Canal Capital Management LLC now owns 285,451 shares of the technology company’s stock worth $8,275,000 after purchasing an additional 40,451 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

Trending Headlines about AT&T

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

• Positive Sentiment: AT&T launched an expanded Build-A-Plan offering that bundles wireless and home internet, which could strengthen its competitive position and improve customer stickiness. AT&T (T) Launches Build A Plan Expansion To Bundle Wireless And Fiber
• Positive Sentiment: Unusual call option activity suggests some traders are positioning for a rebound in the stock.
• Neutral Sentiment: Several articles this week focused on AT&T as a dividend and value stock, reinforcing its appeal to income-oriented investors.
• Negative Sentiment: AT&T remains weighed down by concerns about SpaceX/Starlink potentially becoming a bigger competitor in wireless and satellite connectivity, which has pressured telecom shares broadly. AT&T Stock’s Bad Week Just Keeps Getting Worse
• Negative Sentiment: Oppenheimer reportedly downgraded AT&T on the SpaceX threat, adding to pressure on the stock. Oppenheimer downgrades AT&T stock on SpaceX threat
• Negative Sentiment: EchoStar’s Dish filing after delays in its spectrum sale to AT&T highlights ongoing execution and regulatory uncertainty around a key transaction. EchoStar’s Dish files Chapter 11 after spectrum sale to AT&T is delayed

AT&T Trading Down 0.1%

Shares of T stock opened at $20.57 on Friday. AT&T Inc. has a 12-month low of $19.89 and a 12-month high of $29.79. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 1.05. The firm’s 50 day moving average is $23.89 and its 200 day moving average is $25.51. The stock has a market capitalization of $142.89 billion, a P/E ratio of 6.90, a P/E/G ratio of 0.84 and a beta of 0.24.

AT&T (NYSE:T) last announced its earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. The business had revenue of $31.51 billion during the quarter, compared to analyst estimates of $31.29 billion. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.51 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Research analysts expect that AT&T Inc. will post 2.31 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 10th will be issued a $0.2775 dividend. The ex-dividend date of this dividend is Friday, July 10th. This represents a $1.11 annualized dividend and a dividend yield of 5.4%. AT&T’s payout ratio is presently 37.25%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. KeyCorp boosted their price target on AT&T from $30.00 to $36.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 25th. Oppenheimer cut AT&T from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 3rd. Scotiabank reduced their price objective on AT&T from $31.50 to $31.00 and set a “sector perform” rating for the company in a report on Thursday, April 23rd. BNP Paribas Exane reduced their price objective on AT&T from $28.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. Finally, Wall Street Zen raised AT&T from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, AT&T presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.55.

AT&T 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.