Canandaigua National Bank & Trust Co. Purchases New Shares in AT&T Inc. $T

Canandaigua National Bank & Trust Co. purchased a new stake in AT&T Inc. (NYSE:T) in the 2nd quarter, HoldingsChannel reports. The fund purchased 52,241 shares of the technology company’s stock, valued at approximately $1,081,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CoreCap Advisors LLC increased its holdings in shares of AT&T by 2.7% in the 2nd quarter. CoreCap Advisors LLC now owns 70,448 shares of the technology company’s stock valued at $1,458,000 after purchasing an additional 1,831 shares during the period. Howard Financial Services LTD. boosted its position in AT&T by 21.3% during the second quarter. Howard Financial Services LTD. now owns 18,403 shares of the technology company’s stock valued at $381,000 after purchasing an additional 3,232 shares during the last quarter. Hobart Private Capital LLC grew its stake in AT&T by 7.8% in the second quarter. Hobart Private Capital LLC now owns 15,611 shares of the technology company’s stock valued at $323,000 after purchasing an additional 1,132 shares in the last quarter. Somerset Trust Co raised its position in AT&T by 8.2% during the second quarter. Somerset Trust Co now owns 68,519 shares of the technology company’s stock valued at $1,418,000 after acquiring an additional 5,198 shares in the last quarter. Finally, Cedar Mountain Advisors LLC lifted its stake in AT&T by 27.6% in the second quarter. Cedar Mountain Advisors LLC now owns 9,167 shares of the technology company’s stock valued at $190,000 after acquiring an additional 1,982 shares during the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Stock Performance

Shares of NYSE T opened at $23.07 on Thursday. AT&T Inc. has a one year low of $19.89 and a one year high of $29.79. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06. The business has a fifty day simple moving average of $22.58 and a 200 day simple moving average of $25.23. The firm has a market capitalization of $158.06 billion, a price-to-earnings ratio of 7.64, a PEG ratio of 0.95 and a beta of 0.23.

AT&T (NYSE:T) last announced its quarterly 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 net margin of 16.94% and a return on equity of 12.86%. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Sell-side analysts expect that AT&T Inc. will post 2.34 EPS for the current year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend was Friday, July 10th. AT&T’s payout ratio is currently 36.75%.

AT&T News Summary

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

• Positive Sentiment: AT&T launched the amiGO Jr. Tab 2, an upgraded kid-focused tablet using AT&T’s 5G network. Priced at $4.99 per month for 36 months, the device could support customer engagement and reinforce AT&T’s family-oriented product lineup. AT&T amiGO Jr. Tab 2 announcement
• Neutral Sentiment: AT&T completed a sale of euro- and sterling-denominated global notes, increasing access to international debt markets and providing financing flexibility. However, the issuance also highlights the company’s ongoing leverage, with debt remaining an important consideration for investors. AT&T European debt issuance
• Negative Sentiment: SpaceX President Gwynne Shotwell said SpaceX plans to build ground-based infrastructure to complement Starlink’s satellite network. A fully integrated mobile service could eventually compete directly with AT&T for wireless customers, particularly in rural areas, dead zones and locations affected by network outages. SpaceX plans terrestrial mobile network
• Negative Sentiment: Telecom shares broadly moved lower after SpaceX outlined its mobile-network expansion. Investors are concerned that Starlink could pressure AT&T’s long-term customer retention, pricing power and wireless growth prospects. Telecom shares decline on SpaceX expansion
• Negative Sentiment: Analysts and investors are reassessing whether AT&T’s recent momentum can continue amid heightened SpaceX competition. The stock’s decline reflects near-term uncertainty despite its relatively inexpensive valuation and recent earnings performance. AT&T valuation and SpaceX competition analysis

Analysts Set New Price Targets

Several equities research analysts recently issued reports on T shares. Barclays reduced their price objective on shares of AT&T from $26.00 to $24.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 8th. Scotiabank decreased their price objective on shares of AT&T from $31.00 to $29.25 and set a “sector perform” rating for the company in a report on Wednesday, July 15th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $25.00 target price on shares of AT&T in a report on Monday, July 13th. Wolfe Research upgraded shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price target for the company in a report on Thursday, July 23rd. Finally, Weiss Ratings raised AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $29.19.

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.