Curated Wealth Partners LLC lessened its position in shares of AT&T Inc. (NYSE:T – Free Report) by 78.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 25,141 shares of the technology company’s stock after selling 88,930 shares during the quarter. Curated Wealth Partners LLC’s holdings in AT&T were worth $613,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the company. Bank of America Corp DE purchased a new position in shares of AT&T in the second quarter valued at $2,310,898,000. GQG Partners LLC bought a new stake in AT&T in the second quarter worth $1,223,364,000. Legal & General Group Plc purchased a new stake in AT&T during the second quarter valued at $960,695,000. State Street Corp raised its stake in AT&T by 5.8% during the second 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 in the last quarter. Finally, Nykredit A S bought a new position in AT&T during the second quarter valued at $259,954,000. Institutional investors own 57.10% of the company’s stock.
AT&T Price Performance
T stock opened at $23.44 on Friday. The stock has a market cap of $160.65 billion, a PE ratio of 7.76, a P/E/G ratio of 1.14 and a beta of 0.25. AT&T Inc. has a 12 month low of $19.89 and a 12 month high of $29.43. The company has a 50-day moving average price of $24.98 and a 200 day moving average price of $24.44. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06.
AT&T (NYSE:T – Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The technology company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. The company had revenue of $31.56 billion for the quarter, compared to analyst estimates of $31.80 billion. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.54 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities research analysts anticipate that AT&T Inc. will post 2.33 earnings per share for the current year.
AT&T Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Monday, October 12th will be paid a dividend of $0.2775 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.7%. AT&T’s dividend payout ratio is currently 36.75%.
Analyst Ratings Changes
T has been the subject of a number of recent research reports. KeyCorp reissued an “overweight” rating and issued a $36.00 price objective on shares of AT&T in a research note on Wednesday, October 7th. The Goldman Sachs Group set a $30.00 target price on shares of AT&T in a research report on Wednesday, July 22nd. Royal Bank Of Canada lowered their price target 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 dropped their price target 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. Finally, Barclays reduced their price objective on AT&T from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 8th. Eleven 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 MarketBeat.com, AT&T has an average rating of “Moderate Buy” and an average target price of $29.05.
Check Out Our Latest Analysis on T
Trending Headlines about AT&T
Here are the key news stories impacting AT&T this week:
- Positive Sentiment: Mexico exit supports U.S. investment: AT&T agreed to sell its Mexican wireless operations to Grupo Televisa and Fintech Holdings for approximately $2 billion. Management plans to redirect resources toward U.S. fiber and 5G, while the transaction should simplify AT&T’s international footprint and provide additional financial flexibility. AT&T Agrees To Exit Its Mexican Wireless Business
- Positive Sentiment: Fiber expansion remains a growth priority: AT&T’s $5.75 billion acquisition of Lumen Technologies’ consumer fiber business adds more than 1 million subscribers and reaches over 4 million locations. The deal could accelerate broadband expansion and strengthen AT&T’s ability to bundle fiber with wireless services. AT&T Does Buying Fiber Create More Value Than Building It?
- Positive Sentiment: AT&T expanded its customer-service guarantee, promising access to an expert within five minutes or a callback, with additional support for customers combining fiber and wireless services. The initiative could aid customer retention, although its direct financial impact is uncertain. AT&T Expands America’s Best Guarantee
- Neutral Sentiment: Construction of AT&T’s planned $1 billion-plus Plano headquarters campus is expected to begin December 1, with completion targeted for March 2029. The project reinforces its corporate presence but represents a substantial long-term capital commitment. AT&T Plano Headquarters Construction Eyed for December 1 Start
- Neutral Sentiment: Investors are awaiting third-quarter results on October 21. Beyond revenue and EPS, attention will likely center on wireless subscribers, broadband growth, cash flow, and management’s outlook. Countdown to AT&T Q3 Earnings
- Negative Sentiment: Bernstein downgraded AT&T to Market Perform amid concerns that SpaceX’s satellite connectivity could increase competitive pressure on traditional wireless operators. The downgrade adds near-term selling pressure ahead of earnings. AT&T Stock Downgraded Over SpaceX
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.
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