AT&T Inc. $T Shares Sold by Retirement Systems of Alabama

Posted by Brian Himes on Nov 11th, 2026

AT&T logo Retirement Systems of Alabama trimmed its stake in shares of AT&T Inc. (NYSE:T – Free Report) by 34.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,437,000 shares of the technology company’s stock after selling 753,884 shares during the quarter. Retirement Systems of Alabama’s holdings in AT&T were worth $35,063,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Sound Income Strategies LLC increased its holdings in AT&T by 19.8% in the 3rd quarter. Sound Income Strategies LLC now owns 754,818 shares of the technology company’s stock worth $18,772,000 after purchasing an additional 124,997 shares in the last quarter. B.A. Schrock Wealth Management Inc. bought a new position in AT&T in the third quarter valued at about $1,583,000. Orographic Financial Advisors LLC bought a new position in AT&T in the first quarter valued at about $3,449,000. Quintet Private Bank Europe S.A. raised its position in AT&T by 44.1% in the third quarter. Quintet Private Bank Europe S.A. now owns 2,451,253 shares of the technology company’s stock valued at $59,811,000 after purchasing an additional 750,364 shares during the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. boosted its stake in shares of AT&T by 34.5% during the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 1,075,110 shares of the technology company’s stock valued at $22,255,000 after purchasing an additional 275,985 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on T. Sanford C. Bernstein cut AT&T from an “outperform” rating to a “market perform” rating and set a $24.00 price target on the stock. in a report on Tuesday, October 13th. Royal Bank Of Canada lowered their price objective on AT&T from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Monday, July 20th. Citigroup dropped their price objective on shares of AT&T from $31.50 to $28.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. KeyCorp dropped their price objective on shares of AT&T from $36.00 to $33.00 and set an “overweight” rating for the company in a report on Thursday, October 22nd. Finally, Arete Research cut their target price on shares of AT&T from $28.00 to $23.00 and set a “neutral” rating on the stock in a research report on Thursday, October 1st. Twelve equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $27.56.

Get Our Latest Analysis on AT&T

AT&T News Summary

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

Positive Sentiment: AT&T says it plans to maintain its annual dividend at $1.11 per share and repurchase about $10 billion of stock this year. One valuation analysis also suggests the shares could be roughly 34% below fair value, though that estimate depends on the company’s ability to generate cash over time. Article: The 10-Year Treasury Just Hit 5%. AT&T Pays About the Same Article: AT&T Stock May Be 34% Below Fair Value
Positive Sentiment: A Cullen Capital Management filing disclosed a purchase of about 1.89 million AT&T shares as of September 30. The delayed filing is a modest positive signal, but does not indicate current trading. Article: Fund Update
Neutral Sentiment: Dividend-focused analysis describes AT&T’s payout as relatively safe but not growing. The 5% 10-year Treasury yield offers investors a competing income option, potentially limiting the appeal of AT&T’s dividend. Article: How Safe Is Each Dividend Check?
Negative Sentiment: Coverage emphasized AT&T’s substantial debt burden. Separately, Jim Cramer urged investors to sell, citing the prospect of SpaceX’s Starlink Mobile entering wireless through a nationwide 5G network partnership with Qualcomm. That is a competitive concern, not evidence of an immediate impact on AT&T’s results. Article: Should Dividend Stock Investors Buy AT&T Stock? Article: Jim Cramer on SpaceX and AT&T

AT&T Stock Up 0.7%

Shares of NYSE:T opened at $21.95 on Wednesday. The firm has a market cap of $147.89 billion, a P/E ratio of 11.87, a P/E/G ratio of 1.08 and a beta of 0.30. The company has a quick ratio of 0.82, a current ratio of 0.87 and a debt-to-equity ratio of 1.22. AT&T Inc. has a 12-month low of $19.89 and a 12-month high of $29.43. The business has a fifty day simple moving average of $23.80 and a 200 day simple moving average of $24.90.

AT&T (NYSE:T – Get Free Report) last released its quarterly earnings results on Wednesday, October 21st. The technology company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.05. The firm had revenue of $32.32 billion for the quarter, compared to analyst estimates of $31.69 billion. AT&T had a return on equity of 13.41% and a net margin of 10.19%. The business’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.54 EPS. Analysts predict that AT&T Inc. will post 2.40 earnings per share for the current year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 2nd. Investors of record on Monday, October 12th were issued a $0.2775 dividend. The ex-dividend date was Friday, October 9th. This represents a $1.11 annualized dividend and a yield of 5.1%. AT&T’s dividend payout ratio is presently 60.00%.

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.