AT&T Inc. $T Holdings Trimmed by Center For Asset Management LLC

Center For Asset Management LLC reduced its stake in shares of AT&T Inc. (NYSE:T) by 58.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 26,674 shares of the technology company’s stock after selling 37,391 shares during the quarter. Center For Asset Management LLC’s holdings in AT&T were worth $651,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in T. Bank of America Corp DE bought a new stake in shares of AT&T in the 2nd quarter worth about $2,310,898,000. GQG Partners LLC acquired a new stake in shares of AT&T during the 2nd quarter worth about $1,223,364,000. Legal & General Group Plc acquired a new stake in shares of AT&T during the 2nd quarter worth about $960,695,000. State Street Corp lifted its holdings in 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 last quarter. Finally, Nykredit A S acquired a new position in AT&T in the second quarter valued at about $259,954,000. 57.10% of the stock is owned by institutional investors.

AT&T Price Performance

AT&T stock opened at $23.44 on Friday. The business’s fifty day moving average is $24.98 and its two-hundred day moving average is $24.44. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.93 and a current ratio of 0.97. The firm has a market cap of $160.65 billion, a P/E ratio of 7.76, a P/E/G ratio of 1.14 and a beta of 0.25. AT&T Inc. has a 52 week low of $19.89 and a 52 week high of $29.43.

AT&T (NYSE:T) last announced its earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. AT&T had a return on equity of 12.86% and a net margin of 16.94%. The company had revenue of $31.56 billion during the quarter, compared to analyst estimates of $31.80 billion. During the same period last year, the company posted $0.54 earnings per share. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities research analysts forecast that AT&T Inc. will post 2.33 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Monday, October 12th will be given a dividend of $0.2775 per share. The ex-dividend date is Friday, October 9th. This represents a $1.11 annualized dividend and a yield of 4.7%. AT&T’s dividend payout ratio is 36.75%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. The Goldman Sachs Group set a $30.00 price objective on shares of AT&T in a research note on Wednesday, July 22nd. Weiss Ratings raised shares of AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 3rd. Wall Street Zen upgraded shares of AT&T from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. BNP Paribas Exane upgraded shares of AT&T from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $26.00 to $30.00 in a research note on Monday, September 21st. Finally, Sanford C. Bernstein downgraded AT&T from an “outperform” rating to a “market perform” rating and set a $24.00 target price on the stock. in a report on Tuesday. Eleven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $29.05.

Trending Headlines about AT&T

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

• Positive Sentiment: Mexico exit supports U.S. investment: AT&T agreed to sell its Mexican wireless operations to Grupo Televisa and Fintech Holdings for approximately $2 billion. Management plans to redirect resources toward U.S. fiber and 5G, while the transaction should simplify AT&T’s international footprint and provide additional financial flexibility. AT&T Agrees To Exit Its Mexican Wireless Business
• Positive Sentiment: Fiber expansion remains a growth priority: AT&T’s $5.75 billion acquisition of Lumen Technologies’ consumer fiber business adds more than 1 million subscribers and reaches over 4 million locations. The deal could accelerate broadband expansion and strengthen AT&T’s ability to bundle fiber with wireless services. AT&T Does Buying Fiber Create More Value Than Building It?
• Positive Sentiment: AT&T expanded its customer-service guarantee, promising access to an expert within five minutes or a callback, with additional support for customers combining fiber and wireless services. The initiative could aid customer retention, although its direct financial impact is uncertain. AT&T Expands America’s Best Guarantee
• Neutral Sentiment: Construction of AT&T’s planned $1 billion-plus Plano headquarters campus is expected to begin December 1, with completion targeted for March 2029. The project reinforces its corporate presence but represents a substantial long-term capital commitment. AT&T Plano Headquarters Construction Eyed for December 1 Start
• Neutral Sentiment: Investors are awaiting third-quarter results on October 21. Beyond revenue and EPS, attention will likely center on wireless subscribers, broadband growth, cash flow, and management’s outlook. Countdown to AT&T Q3 Earnings
• Negative Sentiment: Bernstein downgraded AT&T to Market Perform amid concerns that SpaceX’s satellite connectivity could increase competitive pressure on traditional wireless operators. The downgrade adds near-term selling pressure ahead of earnings. AT&T Stock Downgraded Over SpaceX

AT&T Company Profile

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.