Wealthfront Advisers LLC Sells 202,762 Shares of AT&T Inc. $T

Wealthfront Advisers LLC reduced its position in AT&T Inc. (NYSE:T) by 13.3% during the second quarter, HoldingsChannel.com reports. The firm owned 1,321,395 shares of the technology company’s stock after selling 202,762 shares during the period. Wealthfront Advisers LLC’s holdings in AT&T were worth $27,353,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in T. Rachor Investment Advisory Services LLC bought a new position in shares of AT&T during the fourth quarter valued at approximately $25,000. Safe Harbor Fiduciary LLC bought a new stake in shares of AT&T during the 4th quarter worth approximately $25,000. Cresta Advisors Ltd. bought a new stake in shares of AT&T during the 4th quarter worth approximately $26,000. Blueline Advisors LLC bought a new stake in shares of AT&T during the 4th quarter worth approximately $26,000. Finally, Winnow Wealth LLC boosted its holdings in AT&T by 362.8% during the 4th quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company’s stock valued at $26,000 after acquiring an additional 820 shares during the period. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Up 0.7%

Shares of NYSE T opened at $25.33 on Friday. 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 capitalization of $173.57 billion, a price-to-earnings ratio of 8.39, a PEG ratio of 1.03 and a beta of 0.23. The stock has a 50 day moving average price of $22.83 and a 200 day moving average price of $25.27. AT&T Inc. has a 52-week low of $19.89 and a 52-week high of $29.79.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, July 22nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.06. The company had revenue of $31.56 billion for the quarter, compared to analysts’ expectations of $31.80 billion. AT&T had a return on equity of 12.86% and a net margin of 16.94%.AT&T’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm 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 earnings per share for the current year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were given a dividend of $0.2775 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.4%. AT&T’s dividend payout ratio is presently 36.75%.

Key AT&T News

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

• Positive Sentiment: AT&T’s post-earnings momentum remains constructive: the company reported quarterly EPS of $0.65 versus the $0.59 consensus estimate, while revenue increased 2.3% year over year. Analysts are watching whether earnings estimates and the stock’s advance can continue. AT&T Up 9.5% Since Last Earnings Report
• Positive Sentiment: AT&T’s Advanced Connectivity business is gaining traction through fiber expansion, customer convergence and rising demand for AI-related network capacity. This supports the company’s longer-term growth outlook and helps offset slower legacy operations. AT&T Rides on Strength in Advanced Connectivity
• Positive Sentiment: A partnership with Hark gives AT&T exposure to emerging AI-native consumer devices. AT&T will invest in Hark and provide connectivity, certification and infrastructure support, potentially creating incremental traffic and device-related revenue opportunities. Hark and AT&T Partner on Connectivity for Future AI Devices
• Positive Sentiment: AT&T reportedly reduced the cost of coding and other AI tasks by as much as 56% by using model-routing tools and open-source systems, with only a modest decline in output quality. Lower internal AI costs could support productivity and margins. AT&T Slashes AI Costs by Adopting Model Routers and Open Source
• Neutral Sentiment: Analysts continue to highlight AT&T as a highly ranked value and income stock, with a roughly 4.5% dividend yield and a low earnings multiple. However, the company’s growth is expected to remain moderate, making customer revenue increases important. AT&T Is a Top-Ranked Value Stock
• Negative Sentiment: Bernstein cautions that SpaceX’s potential telecom ambitions could intensify competition for AT&T, Verizon and T-Mobile. Meanwhile, heavy capital spending, elevated interest rates and industry balance-sheet pressures remain risks. Bernstein Remains Bullish on SpaceX

Analyst Ratings Changes

Several equities analysts have commented on T shares. Royal Bank Of Canada cut their price objective on AT&T from $31.00 to $27.00 and set an “outperform” rating on the stock in a research report on Monday, July 20th. Morgan Stanley lifted their target price on AT&T from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Wells Fargo & Company boosted their target price on shares of AT&T from $18.00 to $20.00 and gave the company an “underweight” rating in a research note on Thursday, July 23rd. Argus cut their price target on shares of AT&T from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $25.00 price target on shares of AT&T in a research note on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.19.

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.