NewEdge Wealth LLC Cuts Stake in AT&T Inc. $T

NewEdge Wealth LLC cut its stake in shares of AT&T Inc. (NYSE:T) by 41.6% in the 1st quarter, Holdings Channel.com reports. The fund owned 93,399 shares of the technology company’s stock after selling 66,447 shares during the period. NewEdge Wealth LLC’s holdings in AT&T were worth $2,708,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Fairway Wealth LLC bought a new position in AT&T in the 1st quarter worth about $29,000. Safe Harbor Fiduciary LLC bought a new stake in AT&T during the 4th quarter valued at about $25,000. Rachor Investment Advisory Services LLC bought a new stake in AT&T during the 4th quarter valued at about $25,000. Cresta Advisors Ltd. purchased a new position in AT&T in the fourth quarter worth about $26,000. Finally, Blueline Advisors LLC purchased a new position in AT&T in the fourth quarter worth about $26,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

Shares of NYSE:T opened at $24.05 on Friday. AT&T Inc. has a fifty-two week low of $19.89 and a fifty-two week high of $29.79. The business has a 50-day simple moving average of $22.79 and a two-hundred day simple moving average of $25.23. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.87 and a current ratio of 0.97. The firm has a market cap of $164.83 billion, a price-to-earnings ratio of 7.97, a price-to-earnings-growth ratio of 0.94 and a beta of 0.24.

AT&T (NYSE:T) last posted its earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.06. The business had revenue of $31.56 billion for 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 business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.54 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, analysts expect that AT&T Inc. will post 2.34 earnings per share for the current year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Friday, July 10th. AT&T’s payout ratio is presently 36.75%.

Key Headlines Impacting AT&T

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

• Positive Sentiment: AT&T reported better-than-expected Q2 adjusted earnings of $0.65 per share, helped by strong wireless subscriber growth, reinforcing confidence in its core business. Stock Market Today, July 22: AT&T Beats Earnings on Strong Wireless Subscriber Growth
• Positive Sentiment: Wolfe Research upgraded AT&T after the earnings release, saying the stock looks attractive following the quarter and that fears around SpaceX competition may be overstated. Wolfe Research Just Upgraded AT&T Stock. Here’s Why.
• Positive Sentiment: Analysts highlighted AT&T’s fiber-led growth path, with fiber, wireless convergence, and copper shutdowns supporting margin gains, buybacks, and an intact 2026 outlook. T Q2 Earnings Call Points to Fiber-Led Growth Path
• Neutral Sentiment: AT&T saw unusually heavy call-option buying, which suggests traders are positioning for further upside after the earnings-driven rally. Wolfe Research Just Upgraded AT&T Stock. Here’s Why.
• Negative Sentiment: One headline about an AT&T internet outage could weigh on sentiment by reminding investors of service reliability risks, though it appears to be a limited operational issue. ATT internet outage for some. AT and T outage Thursday

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Sanford C. Bernstein reiterated an “outperform” rating and issued a $25.00 target price on shares of AT&T in a research note on Monday, July 13th. Wells Fargo & Company raised their price target on shares of AT&T from $18.00 to $20.00 and gave the company an “underweight” rating in a research report on Thursday. Royal Bank Of Canada decreased their price objective on shares of AT&T from $31.00 to $27.00 and set an “outperform” rating for the company in a report on Monday, July 20th. Scotiabank lowered their price objective on AT&T from $31.00 to $29.25 and set a “sector perform” rating on the stock in a research report on Wednesday, July 15th. Finally, Oppenheimer downgraded AT&T from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.