Summit Wealth Group LLC Co. Sells 24,710 Shares of AT&T Inc. $T

Posted by George Bondi on May 14th, 2026

AT&T logo Summit Wealth Group LLC Co. decreased its holdings in AT&T Inc. (NYSE:T – Free Report) by 57.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,103 shares of the technology company’s stock after selling 24,710 shares during the period. Summit Wealth Group LLC Co.’s holdings in AT&T were worth $450,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Mountain Hill Investment Partners Corp. raised its stake in AT&T by 363.7% in the third quarter. Mountain Hill Investment Partners Corp. now owns 895 shares of the technology company’s stock worth $25,000 after buying an additional 702 shares in the last quarter. GGM Financials LLC acquired a new position in shares of AT&T during the third quarter worth $25,000. Rachor Investment Advisory Services LLC acquired a new position in shares of AT&T during the fourth quarter worth $25,000. Cresta Advisors Ltd. acquired a new position in shares of AT&T during the fourth quarter worth $26,000. Finally, OFI Invest Asset Management increased its position in shares of AT&T by 84.2% during the fourth quarter. OFI Invest Asset Management now owns 1,087,055 shares of the technology company’s stock worth $27,000 after purchasing an additional 496,804 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T News Roundup

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

Positive Sentiment: AT&T continues to build out growth drivers, including a new 5G partnership with Toyota’s Lexus brand, which adds to its wireless and connected-vehicle business momentum. AT&T Stock (T) Rises on 5G Partnership with Toyota’s Lexus Brand
Positive Sentiment: The company is expanding fiber and AI-oriented connectivity services, including a new fiber route and bundled enterprise offerings, which supports the case for long-term revenue growth. Lumen Expands Fiber Network With New AI-Focused NorthLine Route
Positive Sentiment: AT&T also highlighted a new Cisco-powered post-quantum security network, which could help it win enterprise customers looking for advanced cybersecurity solutions. Can AT&T’s Cisco-Powered Quantum Security Network Drive Profits?
Neutral Sentiment: AT&T completed a $6 billion long-dated debt offering and is using proceeds for general corporate purposes, debt repayment, and pending acquisitions; this improves flexibility but also keeps investor focus on leverage. How AT&T’s US$6 Billion Long-Dated Debt Deal and NG911 Tie-Up Will Impact AT&T (T) Investors
Neutral Sentiment: AT&T is getting attention from investors and screeners, but that interest alone does not signal a fundamental catalyst. AT&T Inc. (T) Is a Trending Stock: Facts to Know Before Betting on It
Negative Sentiment: AT&T has also been cited as part of a broader telecom sector pullback, and recent coverage notes a multi-session losing streak, suggesting sentiment remains fragile. AT&T continues downward run, marks seven-session losing streak
Negative Sentiment: At the same time, speculative headlines about other telecom-related names such as AST SpaceMobile are drawing investor attention away from AT&T and underscoring competitive pressure in the wireless space. Easy 5X? AST Spacemobile Could Be Bigger Than Verizon and AT&T

AT&T Price Performance

NYSE:T opened at $24.74 on Thursday. The firm’s fifty day moving average is $27.13 and its two-hundred day moving average is $26.02. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.87 and a current ratio of 0.92. AT&T Inc. has a one year low of $22.95 and a one year high of $29.79. The firm has a market cap of $171.87 billion, a price-to-earnings ratio of 8.30, a PEG ratio of 0.93 and a beta of 0.23.

AT&T (NYSE:T – Get Free Report) last posted its earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.02. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The business had revenue of $31.51 billion for the quarter, compared to analyst estimates of $31.29 billion. During the same period in the prior year, the company posted $0.51 EPS. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Research analysts expect that AT&T Inc. will post 2.31 EPS for the current year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Friday, April 10th were paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Friday, April 10th. AT&T’s dividend payout ratio is presently 37.25%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on T shares. Scotiabank reduced their price target on AT&T from $31.50 to $31.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 23rd. TD Cowen reissued a “hold” rating on shares of AT&T in a report on Thursday, January 29th. Morgan Stanley started coverage on shares of AT&T in a report on Thursday, April 16th. They set an “overweight” rating and a $30.00 price objective on the stock. Williams Trading set a $32.00 price objective on shares of AT&T in a report on Thursday, January 29th. Finally, BNP Paribas Exane dropped their price objective on shares of AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $30.55.

View Our Latest Stock Analysis on AT&T

AT&T Profile

(Free Report)

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.