Prime Capital Investment Advisors LLC boosted its holdings in AT&T Inc. (NYSE:T – Free Report) by 26.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 167,831 shares of the technology company’s stock after acquiring an additional 35,199 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in AT&T were worth $4,095,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of T. State Street Corp grew its stake in shares of AT&T by 5.8% in the 2nd quarter. State Street Corp now owns 334,273,613 shares of the technology company’s stock worth $6,919,464,000 after purchasing an additional 18,468,679 shares during the last quarter. Bank of America Corp DE raised its holdings 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 worth $3,629,307,000 after purchasing an additional 5,449,222 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of AT&T by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 75,323,574 shares of the technology company’s stock worth $1,559,198,000 after purchasing an additional 2,559,065 shares in the last quarter. GQG Partners LLC bought a new stake in shares of AT&T in the 2nd quarter worth approximately $1,223,364,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in AT&T by 2.5% during 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 valued at $1,151,254,000 after purchasing an additional 1,336,556 shares during the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.
AT&T Trading Down 6.3%
Shares of T opened at $21.95 on Thursday. The business’s 50-day moving average price is $24.90 and its 200 day moving average price is $24.29. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $150.38 billion, a P/E ratio of 7.27, a P/E/G ratio of 1.14 and a beta of 0.25. AT&T Inc. has a 1-year low of $19.89 and a 1-year high of $29.43.
AT&T (NYSE:T – Get Free Report) last posted its quarterly earnings data on Wednesday, October 21st. The technology company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.05. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The company had revenue of $32.32 billion during the quarter, compared to analyst estimates of $31.69 billion. During the same period in the prior year, the firm earned $0.54 earnings per share. The business’s quarterly revenue was up 5.2% on a year-over-year basis. Analysts expect that AT&T Inc. will post 2.33 earnings per share for the current year.
AT&T Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Monday, October 12th will be issued a dividend of $0.2775 per share. The ex-dividend date is Friday, October 9th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.1%. AT&T’s payout ratio is currently 36.75%.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the stock. Wolfe Research upgraded shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 target price for the company in a report on Thursday, July 23rd. Wells Fargo & Company lifted their price target on shares of AT&T from $18.00 to $20.00 and gave the stock an “underweight” rating in a research report on Thursday, July 23rd. BNP Paribas Exane raised AT&T from a “neutral” rating to an “outperform” rating and upped their price target for the company from $26.00 to $30.00 in a report on Monday, September 21st. Weiss Ratings raised AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 3rd. Finally, Barclays cut their price objective on AT&T from $26.00 to $24.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 8th. Eleven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, AT&T has a consensus rating of “Moderate Buy” and an average price target of $28.89.
Check Out Our Latest Stock Report on AT&T
AT&T News Roundup
Here are the key news stories impacting AT&T this week:
- Positive Sentiment: AT&T reported adjusted third-quarter EPS of $0.65 and revenue of $32.32 billion, exceeding consensus estimates. Revenue increased approximately 5.2% year over year. Stock Market Today, Oct. 21: AT&T Beats Earnings on Strong Fiber Growth, Raises 2026 Profit Outlook
- Positive Sentiment: Growth was led by record Advanced Connectivity additions of 769,000, including 442,000 fiber and 327,000 fixed-wireless customers, along with 379,000 postpaid phone net additions. AT&T also added more than 1 million advanced-connectivity customers for a second consecutive quarter. T Q3 Earnings Beat Estimates on Fiber and Wireless Growth
- Positive Sentiment: Management raised its 2026 adjusted EPS outlook to approximately $2.40, maintained its long-term double-digit adjusted-earnings growth target, and plans roughly $10 billion in 2026 share repurchases. It also lowered planned annual capital investment for 2027 and 2028 to $22 billion-$23 billion. AT&T raises 2026 earnings outlook as fibre and wireless growth accelerates
- Neutral Sentiment: AT&T CEO John Stankey downplayed the threat from SpaceX’s Starlink Mobile, saying low-Earth-orbit networks are particularly useful for rural coverage. However, investors remain concerned that satellite competition could pressure wireless subscriber growth, pricing, and promotional spending. AT&T’s CEO throws shade at Musk’s Starlink mobile ambitions
- Negative Sentiment: Reported results included a $2.6 billion noncash impairment tied to the Mexico wireless business, while net debt rose to approximately $149.8 billion following the EchoStar spectrum transaction. Management now expects to return to its 2.5-times net-debt-to-adjusted-EBITDA target during 2029, signaling slower deleveraging than some investors expected. AT&T Slides After Earnings as Investors Focus on Debt, Spending and an Impairment Charge
AT&T Profile
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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