Crossmark Global Holdings Inc. Sells 45,186 Shares of AT&T Inc. $T

Crossmark Global Holdings Inc. trimmed its position in shares of AT&T Inc. (NYSE:T) by 4.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,074,464 shares of the technology company’s stock after selling 45,186 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in AT&T were worth $26,217,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Albion Financial Group UT raised its position in AT&T by 32.5% in the 3rd quarter. Albion Financial Group UT now owns 2,301 shares of the technology company’s stock valued at $56,000 after purchasing an additional 565 shares during the last quarter. Inlet Private Wealth LLC boosted its stake in AT&T by 22.1% in the third quarter. Inlet Private Wealth LLC now owns 20,178 shares of the technology company’s stock worth $492,000 after purchasing an additional 3,650 shares in the last quarter. Ellis Investment Partners LLC grew its holdings in shares of AT&T by 3.8% during the third quarter. Ellis Investment Partners LLC now owns 21,076 shares of the technology company’s stock worth $514,000 after purchasing an additional 776 shares during the last quarter. Physician Wealth Advisors Inc. grew its holdings in shares of AT&T by 11.5% during the third quarter. Physician Wealth Advisors Inc. now owns 12,158 shares of the technology company’s stock worth $297,000 after purchasing an additional 1,254 shares during the last quarter. Finally, Carnegie Investment Counsel grew its holdings in shares of AT&T by 27.0% during the third quarter. Carnegie Investment Counsel now owns 142,506 shares of the technology company’s stock worth $3,477,000 after purchasing an additional 30,302 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on T. Royal Bank Of Canada lowered their target price on AT&T from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Monday, July 20th. BNP Paribas Exane upgraded shares of AT&T from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $26.00 to $30.00 in a research report on Monday, September 21st. KeyCorp reissued an “overweight” rating and set a $36.00 price objective on shares of AT&T in a report on Wednesday, October 7th. Morgan Stanley increased their price objective on shares of AT&T from $27.00 to $28.00 and gave the stock an “overweight” rating in a report on Monday, September 28th. Finally, Sanford C. Bernstein cut shares of AT&T from an “outperform” rating to a “market perform” rating and set a $24.00 price objective for the company. in a research report on Tuesday, October 13th. Eleven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $28.89.

AT&T Stock Performance

Shares of AT&T stock opened at $21.95 on Thursday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.97 and a quick ratio of 0.93. The firm has a 50 day simple moving average of $24.90 and a 200 day simple moving average of $24.29. AT&T Inc. has a fifty-two week low of $19.89 and a fifty-two week high of $29.43. The firm has a market cap of $150.38 billion, a P/E ratio of 7.27, a P/E/G ratio of 1.14 and a beta of 0.25.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, October 21st. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.05. AT&T had a return on equity of 12.86% and a net margin of 16.94%. The firm had revenue of $32.32 billion for the quarter, compared to the consensus estimate of $31.69 billion. During the same quarter in the prior year, the business earned $0.54 EPS. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. Sell-side analysts predict that AT&T Inc. will post 2.33 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Monday, October 12th will be paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend is Friday, October 9th. AT&T’s dividend payout ratio (DPR) is 36.75%.

Key Headlines Impacting AT&T

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

• Positive Sentiment: AT&T reported adjusted third-quarter EPS of $0.65 and revenue of $32.32 billion, exceeding consensus estimates. Revenue increased approximately 5.2% year over year. Stock Market Today, Oct. 21: AT&T Beats Earnings on Strong Fiber Growth, Raises 2026 Profit Outlook
• Positive Sentiment: Growth was led by record Advanced Connectivity additions of 769,000, including 442,000 fiber and 327,000 fixed-wireless customers, along with 379,000 postpaid phone net additions. AT&T also added more than 1 million advanced-connectivity customers for a second consecutive quarter. T Q3 Earnings Beat Estimates on Fiber and Wireless Growth
• Positive Sentiment: Management raised its 2026 adjusted EPS outlook to approximately $2.40, maintained its long-term double-digit adjusted-earnings growth target, and plans roughly $10 billion in 2026 share repurchases. It also lowered planned annual capital investment for 2027 and 2028 to $22 billion-$23 billion. AT&T raises 2026 earnings outlook as fibre and wireless growth accelerates
• Neutral Sentiment: AT&T CEO John Stankey downplayed the threat from SpaceX’s Starlink Mobile, saying low-Earth-orbit networks are particularly useful for rural coverage. However, investors remain concerned that satellite competition could pressure wireless subscriber growth, pricing, and promotional spending. AT&T’s CEO throws shade at Musk’s Starlink mobile ambitions
• Negative Sentiment: Reported results included a $2.6 billion noncash impairment tied to the Mexico wireless business, while net debt rose to approximately $149.8 billion following the EchoStar spectrum transaction. Management now expects to return to its 2.5-times net-debt-to-adjusted-EBITDA target during 2029, signaling slower deleveraging than some investors expected. AT&T Slides After Earnings as Investors Focus on Debt, Spending and an Impairment Charge

AT&T 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.