Willis Investment Counsel decreased its holdings in shares of AT&T Inc. (NYSE:T – Free Report) by 21.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 794,010 shares of the technology company’s stock after selling 220,000 shares during the period. Willis Investment Counsel’s holdings in AT&T were worth $19,374,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in T. Fairway Wealth LLC purchased a new stake in shares of AT&T in the 1st quarter worth approximately $29,000. Robinswood Financial LLC purchased a new position in AT&T during the first quarter valued at $29,000. Orion Capital Management LLC purchased a new position in AT&T during the second quarter valued at $26,000. Addison Advisors LLC bought a new stake in AT&T in the second quarter worth $27,000. Finally, North Point Portfolio Managers Corp OH bought a new stake in AT&T in the third quarter worth $34,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on T shares. Weiss Ratings upgraded shares of AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 3rd. Wolfe Research upgraded shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price objective for the company in a research note on Thursday, July 23rd. Royal Bank Of Canada reduced their price objective on shares of AT&T from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Monday, July 20th. Argus decreased their target price on shares of AT&T from $33.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. Finally, Sanford C. Bernstein downgraded 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 research note on Tuesday, October 13th. Eleven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.05.
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Key AT&T News
Here are the key news stories impacting AT&T this week:
- Positive Sentiment: Analysts expect third-quarter earnings of approximately $0.60 per share on revenue of $31.65 billion. Recent forecasts from highly ranked analysts and a reported average price target of $29.05 suggest potential upside if AT&T delivers a strong report or improves its outlook. AT&T Gears Up For Q3 Print AT&T Average Target Price
- Positive Sentiment: AT&T sold its Mexico wireless business for $2 billion, a transaction that could simplify operations and provide additional capital for debt reduction, network investment, or shareholder returns. Recent Forecast Changes
- Positive Sentiment: The company expanded its customer guarantee, including faster technical support, as it seeks to improve service quality and retention. Better customer satisfaction could support lower churn and strengthen AT&T’s bundled wireless-and-fiber strategy. AT&T Expands Customer Guarantee
- Positive Sentiment: AT&T and the NBA and WNBA launched a fourth-generation High-Speed Arena Network under a multiyear connectivity partnership. The agreement reinforces AT&T’s enterprise-network capabilities and creates recurring commercial and brand-visibility opportunities. AT&T, NBA and WNBA Launch Network
- Neutral Sentiment: Options pricing points to an unusually large potential move after earnings, indicating elevated investor uncertainty and likely near-term volatility rather than a clear directional signal. Options Market Expects Major Reaction
- Negative Sentiment: AT&T remains under pressure after trailing rivals on customer-service metrics, while the stock has declined over the past year. The earnings report must show stronger execution and sustainable subscriber growth to reverse that sentiment. AT&T Buy Before Earnings
AT&T Price Performance
T stock traded up $0.30 during midday trading on Tuesday, hitting $23.50. The company’s stock had a trading volume of 13,692,138 shares, compared to its average volume of 48,323,676. 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 firm has a market capitalization of $161.00 billion, a price-to-earnings ratio of 7.79, a price-to-earnings-growth ratio of 1.14 and a beta of 0.25. The company has a 50 day moving average of $24.96 and a two-hundred day moving average of $24.37.
AT&T (NYSE:T – Get Free Report) last issued 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. AT&T had a return on equity of 12.86% and a net margin of 16.94%. The business had revenue of $31.56 billion for the quarter, compared to analysts’ expectations of $31.80 billion. During the same period in the prior year, the firm earned $0.54 EPS. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, analysts expect that AT&T Inc. will post 2.33 EPS for the current year.
AT&T Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Monday, October 12th will be paid a $0.2775 dividend. The ex-dividend date of this dividend is Friday, October 9th. This represents a $1.11 annualized dividend and a yield of 4.7%. AT&T’s dividend payout ratio (DPR) is presently 36.75%.
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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