AT&T Inc. $T Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC cut its stake in AT&T Inc. (NYSE:T) by 5.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,794,186 shares of the technology company’s stock after selling 146,385 shares during the period. Commonwealth Equity Services LLC’s holdings in AT&T were worth $68,178,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Hibernia Wealth Partners LLC raised its stake in AT&T by 4.5% in the first quarter. Hibernia Wealth Partners LLC now owns 9,105 shares of the technology company’s stock valued at $264,000 after buying an additional 392 shares in the last quarter. M.E. Allison & CO. Inc. lifted its stake in AT&T by 0.5% during the second quarter. M.E. Allison & CO. Inc. now owns 76,978 shares of the technology company’s stock worth $1,593,000 after purchasing an additional 397 shares during the last quarter. Accredited Investors Inc. boosted its holdings in AT&T by 3.5% in the first quarter. Accredited Investors Inc. now owns 11,901 shares of the technology company’s stock valued at $345,000 after purchasing an additional 400 shares in the last quarter. Welch & Forbes LLC boosted its holdings in AT&T by 0.3% in the first quarter. Welch & Forbes LLC now owns 133,287 shares of the technology company’s stock valued at $3,864,000 after purchasing an additional 432 shares in the last quarter. Finally, Bank & Trust Co increased its stake in AT&T by 0.9% in the third quarter. Bank & Trust Co now owns 52,105 shares of the technology company’s stock valued at $1,271,000 after purchasing an additional 440 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Key AT&T News

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

AT&T Stock Performance

Shares of T traded down $0.21 during mid-day trading on Friday, hitting $21.61. The stock had a trading volume of 40,034,569 shares, compared to its average volume of 57,463,700. AT&T Inc. has a fifty-two week low of $19.89 and a fifty-two week high of $29.43. The company has a market cap of $145.60 billion, a PE ratio of 11.68, a PEG ratio of 1.06 and a beta of 0.30. 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 company’s fifty day simple moving average is $23.96 and its two-hundred day simple moving average is $24.91.

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

AT&T Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of AT&T from $32.00 to $30.00 and set a “buy” rating on the stock in a research note on Tuesday, October 27th. Royal Bank Of Canada dropped their price objective on AT&T from $31.00 to $27.00 and set an “outperform” rating on the stock in a report on Monday, July 20th. JPMorgan Chase & Co. decreased their target price on AT&T from $33.00 to $31.00 and set an “overweight” rating for the company in a research report on Thursday, October 22nd. The Goldman Sachs Group set a $27.00 target price on shares of AT&T in a research report on Wednesday, October 21st. Finally, 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. Twelve research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $27.56.

About AT&T

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.