AT&T Inc. $T Stock Position Reduced by Commonwealth Financial Services LLC

Posted by Francis Steltz on Oct 20th, 2026

AT&T logo Commonwealth Financial Services LLC lowered its position in AT&T Inc. (NYSE:T – Free Report) by 61.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 14,740 shares of the technology company’s stock after selling 23,243 shares during the period. Commonwealth Financial Services LLC’s holdings in AT&T were worth $360,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in T. State Street Corp grew its position in shares of 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. Bank of America Corp DE lifted its stake in shares of AT&T by 4.6% in the 1st quarter. Bank of America Corp DE now owns 125,191,700 shares of the technology company’s stock valued at $3,629,307,000 after purchasing an additional 5,449,222 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of AT&T by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 75,323,574 shares of the technology company’s stock valued at $1,559,198,000 after purchasing an additional 2,559,065 shares during the last quarter. GQG Partners LLC purchased a new stake in AT&T in the 2nd quarter worth about $1,223,364,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of AT&T by 2.5% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 55,616,152 shares of the technology company’s stock worth $1,151,254,000 after buying an additional 1,336,556 shares during the period. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

NYSE:T traded up $0.29 during midday trading on Tuesday, hitting $23.50. The company’s stock had a trading volume of 12,726,659 shares, compared to its average volume of 48,320,637. The firm’s 50 day moving average is $24.96 and its 200-day moving average is $24.37. The firm has a market cap of $161.00 billion, a P/E ratio of 7.78, a P/E/G ratio of 1.14 and a beta of 0.25. 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 debt-to-equity ratio of 1.06, a current ratio of 0.97 and a quick ratio of 0.93.

AT&T (NYSE:T – Get Free Report) last posted its earnings results on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. The firm 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 company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period last year, the firm earned $0.54 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities analysts anticipate that AT&T Inc. will post 2.33 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Monday, October 12th will be issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Friday, October 9th. AT&T’s dividend payout ratio (DPR) is currently 36.75%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on T shares. Wolfe Research upgraded AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price objective for the company in a report on Thursday, July 23rd. Barclays lowered their price target on AT&T from $26.00 to $24.00 and set an “equal weight” rating for the company in a report on Wednesday, July 8th. Weiss Ratings raised AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 3rd. Sanford C. Bernstein lowered AT&T from an “outperform” rating to a “market perform” rating and set a $24.00 target price for the company. in a report on Tuesday, October 13th. Finally, The Goldman Sachs Group set a $30.00 target price on shares of AT&T in a report on Wednesday, July 22nd. Eleven research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $29.05.

Check Out Our Latest Research Report on AT&T

Key Headlines Impacting AT&T

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

Positive Sentiment: Wall Street expects third-quarter earnings per share of approximately $0.60 and revenue of about $31.65 billion. A beat, particularly in wireless customer additions or fiber growth, could support the stock. AT&T Gears Up For Q3 Print; Here Are the Recent Forecast Changes From Wall Street’s Most Accurate Analysts
Positive Sentiment: Brokerages’ average price target is reported at $29.05, indicating analysts see meaningful upside if AT&T delivers on its earnings and operating targets. AT&T Inc. Stock Has Average Target Price of $29.05 According to Brokerages
Positive Sentiment: AT&T expanded its customer guarantee, including faster technical support, as it seeks to improve service reliability and customer retention relative to competitors. Better retention could support recurring wireless and broadband revenue. AT&T Expands Promises to Customers as It Trails Rivals
Positive Sentiment: The company sold its Mexico wireless business for $2 billion, providing additional proceeds that may help strengthen the balance sheet or support capital allocation. AT&T Gears Up for Q3 Earnings
Neutral Sentiment: Options pricing implies an unusually large post-earnings move, signaling elevated volatility rather than a clear bullish or bearish direction. Why Is the Options Market Expecting a Major Post-Earnings Reaction?
Neutral Sentiment: AT&T and the NBA and WNBA launched a fourth-generation High-Speed Arena Network under a multiyear connectivity partnership. The deal reinforces AT&T’s enterprise and brand presence, although its near-term financial effect is likely limited. AT&T, NBA and WNBA Launch Next-Generation Network
Negative Sentiment: The upcoming report creates downside risk if revenue, subscriber additions, free cash flow, or forward guidance fall short of expectations. The options market’s elevated expected move underscores the potential for a sharp reaction.

AT&T Profile

(Free Report)

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.