AT&T Inc. $T Shares Sold by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd lowered its holdings in AT&T Inc. (NYSE:T) by 3.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,038,205 shares of the technology company’s stock after selling 34,668 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in AT&T were worth $25,332,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Orion Capital Management LLC purchased a new position in AT&T in the 2nd quarter worth about $26,000. Addison Advisors LLC bought a new position in AT&T during the 2nd quarter valued at about $27,000. Fairway Wealth LLC bought a new position in AT&T during the 1st quarter valued at about $29,000. Robinswood Financial LLC bought a new position in AT&T during the 1st quarter valued at about $29,000. Finally, Matrix Trust Co boosted its holdings in shares of AT&T by 331.8% during the 2nd quarter. Matrix Trust Co now owns 1,494 shares of the technology company’s stock valued at $31,000 after acquiring an additional 1,148 shares during the last quarter. 57.10% of the stock is owned by institutional investors.

AT&T News Roundup

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

• Positive Sentiment: Wall Street analysts maintain an average price target of approximately $29.05, implying considerable upside from recent levels and signaling that the stock’s valuation and dividend remain attractive to some brokers. AT&T Inc. Stock Has Average Target Price of $29.05 According to Brokerages
• Positive Sentiment: AT&T expanded its customer service guarantee, including a commitment to provide technical support within five minutes or less. The initiative could improve customer satisfaction and retention as the company competes with Verizon and T-Mobile. AT&T expands promises to customers as it trails rivals
• Positive Sentiment: AT&T, the NBA and WNBA launched a fourth-generation High-Speed Arena Network under a multiyear partnership extension. The project reinforces AT&T’s connectivity brand and could support enterprise and venue-networking relationships. AT&T, NBA and WNBA Launch Next-Generation Network
• Neutral Sentiment: Analysts expect third-quarter earnings per share of about $0.60 and revenue of approximately $31.65 billion. Options markets are pricing in an unusually large post-earnings move, highlighting elevated event risk in either direction. Why Is the Options Market Expecting a Major Post-Earnings Reaction?
• Neutral Sentiment: AT&T’s planned $2 billion sale of its Mexico wireless business may simplify operations and provide capital, but investors will watch how proceeds are allocated and whether the transaction affects growth. AT&T Gears Up for Q3 Earnings
• Negative Sentiment: SpaceX’s reported $8 billion spectrum deal has intensified concerns about future competition in wireless services. The development contributed to weakness across major telecom stocks as investors reassessed competitive risks. SpaceX’s Spectrum Deal Hits Telecom Stocks

AT&T Stock Down 0.9%

AT&T stock opened at $23.23 on Tuesday. AT&T Inc. has a one year low of $19.89 and a one year high of $29.43. The stock has a fifty day moving average of $24.96 and a 200 day moving average of $24.37. 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 stock has a market cap of $159.20 billion, a PE ratio of 7.69, a price-to-earnings-growth ratio of 1.14 and a beta of 0.25.

AT&T (NYSE:T) last announced its earnings results 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 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%. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period last year, the firm posted $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, sell-side analysts predict that AT&T Inc. will post 2.33 EPS for the current year.

AT&T Announces Dividend

The firm also recently disclosed 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 4.8%. The ex-dividend date is Friday, October 9th. AT&T’s dividend payout ratio is 36.75%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. BNP Paribas Exane upgraded shares of AT&T from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $26.00 to $30.00 in a research note on Monday, September 21st. KeyCorp restated an “overweight” rating and set a $36.00 price objective on shares of AT&T in a research report on Wednesday, October 7th. Sanford C. Bernstein cut shares of AT&T from an “outperform” rating to a “market perform” rating and set a $24.00 target price on the stock. in a report on Tuesday, October 13th. Barclays cut their target price on shares of AT&T from $26.00 to $24.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 8th. Finally, The Goldman Sachs Group set a $30.00 target price on shares of AT&T in a research report on Wednesday, July 22nd. Eleven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, AT&T has an average rating of “Moderate Buy” and an average price target of $29.05.

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.