Gimbal Financial Purchases New Holdings in AT&T Inc. $T

Gimbal Financial acquired a new position in AT&T Inc. (NYSE:T) in the third quarter, Holdings Channel reports. The firm acquired 212,565 shares of the technology company’s stock, valued at approximately $5,187,000. AT&T accounts for 3.0% of Gimbal Financial’s portfolio, making the stock its 12th largest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in T. State Street Corp raised its stake 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 period. Bank of America Corp DE boosted its position in shares of AT&T by 4.6% in the first quarter. Bank of America Corp DE now owns 125,191,700 shares of the technology company’s stock worth $3,629,307,000 after buying an additional 5,449,222 shares during the period. Bank of New York Mellon Corp boosted its position in shares of AT&T by 12.7% in the first quarter. Bank of New York Mellon Corp now owns 72,764,509 shares of the technology company’s stock worth $2,109,443,000 after buying an additional 8,197,935 shares during the period. GQG Partners LLC purchased a new position in shares of AT&T during the second quarter valued at $1,223,364,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of AT&T by 2.5% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 55,616,152 shares of the technology company’s stock valued at $1,151,254,000 after buying an additional 1,336,556 shares in the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

T has been the topic of several recent analyst reports. Weiss Ratings raised AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 3rd. Royal Bank Of Canada reduced their price objective 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. Scotiabank decreased their price objective on AT&T from $27.50 to $26.50 and set a “sector perform” rating for the company in a research report on Friday, October 9th. KeyCorp reaffirmed an “overweight” rating and set a $36.00 target price on shares of AT&T in a research note on Wednesday, October 7th. Finally, TD Cowen raised their price target on shares of AT&T from $32.00 to $33.00 and gave the stock a “hold” rating in a report on Thursday, July 23rd. Eleven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, AT&T currently has a consensus rating of “Moderate Buy” and an average target price of $29.05.

AT&T Stock Down 0.8%

Shares of AT&T stock traded down $0.20 on Monday, hitting $23.25. 12,990,123 shares of the company traded hands, compared to its average volume of 48,403,184. AT&T Inc. has a 12-month low of $19.89 and a 12-month high of $29.43. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 1.06. The company has a market cap of $159.28 billion, a PE ratio of 7.70, a PEG ratio of 1.14 and a beta of 0.25. The company has a 50-day moving average price of $24.98 and a 200 day moving average price of $24.41.

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 business had revenue of $31.56 billion during the quarter, compared to analyst estimates of $31.80 billion. AT&T had a return on equity of 12.86% and a net margin of 16.94%. AT&T’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the company earned $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Sell-side analysts predict that AT&T Inc. will post 2.33 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Monday, October 12th will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Friday, October 9th. AT&T’s dividend 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, the NBA and WNBA launched the fourth-generation High-Speed Arena Network, extending AT&T’s multiyear role as the leagues’ official connectivity partner. The network will support live game content, replays, statistics and arena operations, reinforcing AT&T’s enterprise-networking capabilities and relationship with major sports venues. AT&T, NBA and WNBA Launch Next-Generation Network Built for the Future of Basketball
• Positive Sentiment: AT&T is supporting a technology upgrade at Miami’s Kaseya Center, with Wi-Fi delivered alongside CSPi Technology Solutions and Hewlett Packard Enterprise. The project could provide incremental enterprise-networking exposure, although the financial contribution to AT&T was not disclosed. CSPi Technology Solutions Announces Technology Project
• Neutral Sentiment: An investment commentary highlighted AT&T as a selection in President Donald Trump’s stock portfolio and cited potential customer-retention benefits from bundling fiber broadband with wireless service. However, the article is opinion-based and does not provide a new company announcement or financial guidance. AT&T Is in Trump’s Portfolio. Buy Before Earnings?
• Negative Sentiment: SpaceX’s reported $8 billion spectrum deal with Grain Management is raising concerns that SpaceX could become a stronger competitor in wireless connectivity. The resulting pressure on AT&T, Verizon and T-Mobile shares appears to be the main negative catalyst, as investors assess potential effects on spectrum access, pricing and market share. SpaceX’s Spectrum Deal Hits Telecom Stocks

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.