Griffith & Werner Inc. Buys 35,282 Shares of AT&T Inc. $T

Griffith & Werner Inc. increased its stake in AT&T Inc. (NYSE:T) by 13.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 301,669 shares of the technology company’s stock after purchasing an additional 35,282 shares during the quarter. AT&T makes up approximately 2.4% of Griffith & Werner Inc.’s investment portfolio, making the stock its 14th biggest position. Griffith & Werner Inc.’s holdings in AT&T were worth $7,361,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Robinswood Financial LLC bought a new stake in AT&T during the first quarter valued at about $29,000. Orion Capital Management LLC purchased a new stake in AT&T in the second quarter worth about $26,000. Addison Advisors LLC bought a new position in shares of AT&T in the second quarter worth about $27,000. North Point Portfolio Managers Corp OH bought a new position in shares of AT&T in the third quarter worth about $34,000. Finally, Matrix Trust Co raised its stake in AT&T by 331.8% during the 2nd quarter. Matrix Trust Co now owns 1,494 shares of the technology company’s stock worth $31,000 after acquiring an additional 1,148 shares during the period. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T News Summary

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

• Positive Sentiment: AT&T and AST SpaceMobile completed what AT&T describes as the first successful handoff between a terrestrial cellular network and a direct-to-device satellite connection using standard smartphones. The technology could eventually help extend coverage beyond traditional network reach, though the reports do not indicate near-term revenue impact. Article: Is AT&T Undervalued As Its Satellite Handoff Opens A New Coverage Question?
• Neutral Sentiment: AT&T plans to move all consumer-facing customer support to U.S.-based operations by 2027 and use AI to assist agents and automate routine inquiries. The change may improve service or align with policy trends, but its cost and financial effects are not specified. Article: AT&T Sets 2027 Deadline For All U.S. Based Consumer Support
• Negative Sentiment: A Zacks analysis says AT&T shares have fallen 11.8% over the past year, lagging the wireless industry and broader market benchmarks despite fiber and wireless growth. It cites rising debt and competitive pressures as concerns that could offset the stock’s valuation appeal. Article: AT&T Stock Falls 11.8% in a Year: Should You Buy the Dip?
• Negative Sentiment: A dividend-stock comparison puts Verizon’s yield at 6.1% and AT&T’s below that, which may make AT&T less appealing to investors focused mainly on income. Separately, an article on dividend safety notes that debt refinancing at higher rates can compete with cash available for dividends; the supplied summary does not specify AT&T’s individual risk assessment. Article: Better Dividend Stock: Verizon vs. AT&T

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Sanford C. Bernstein downgraded AT&T from an “outperform” rating to a “market perform” rating and set a $24.00 price objective on the stock. in a research report on Tuesday, October 13th. Moffett Nathanson decreased their target price on AT&T from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of AT&T in a report on Friday, October 30th. Barclays lowered their price target on AT&T from $24.00 to $21.00 and set an “equal weight” rating on the stock in a report on Thursday, October 22nd. Finally, Wolfe Research upgraded AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price target for the company in a research note on Thursday, July 23rd. Twelve investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $27.56.

AT&T Stock Performance

Shares of NYSE:T opened at $21.61 on Monday. The stock has a market capitalization of $145.60 billion, a P/E ratio of 11.68, a PEG ratio of 1.07 and a beta of 0.30. AT&T Inc. has a 52 week low of $19.89 and a 52 week high of $29.43. The company has a quick ratio of 0.82, a current ratio of 0.87 and a debt-to-equity ratio of 1.22. The firm has a fifty day simple moving average of $23.96 and a two-hundred day simple moving average of $24.91.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, October 21st. The technology company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.05. The business had revenue of $32.32 billion for the quarter, compared to the consensus estimate of $31.69 billion. AT&T had a return on equity of 13.41% and a net margin of 10.19%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.54 earnings per share. On average, analysts expect that AT&T Inc. will post 2.39 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 2nd. Investors of record on Monday, October 12th were issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 5.1%. The ex-dividend date was Friday, October 9th. AT&T’s dividend payout ratio is presently 60.00%.

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.