AT&T Inc. $T Shares Bought by Vest Financial LLC

Posted by Francis Steltz on Oct 23rd, 2026

AT&T logo Vest Financial LLC grew its position in shares of AT&T Inc. (NYSE:T – Free Report) by 8.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 621,511 shares of the technology company’s stock after purchasing an additional 48,606 shares during the period. Vest Financial LLC’s holdings in AT&T were worth $15,165,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Cantor Fitzgerald Investment Advisors L.P. increased its stake in AT&T by 6.8% during the third quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 302,605 shares of the technology company’s stock worth $7,384,000 after purchasing an additional 19,294 shares during the period. Magnus Financial Group LLC lifted its position in shares of AT&T by 1.7% during the third quarter. Magnus Financial Group LLC now owns 27,860 shares of the technology company’s stock worth $680,000 after purchasing an additional 457 shares in the last quarter. Albion Financial Group UT lifted its position in shares of AT&T by 32.5% during the third quarter. Albion Financial Group UT now owns 2,301 shares of the technology company’s stock worth $56,000 after purchasing an additional 565 shares in the last quarter. Inlet Private Wealth LLC boosted its stake in shares of AT&T by 22.1% in the third quarter. Inlet Private Wealth LLC now owns 20,178 shares of the technology company’s stock valued at $492,000 after purchasing an additional 3,650 shares during the period. Finally, Ellis Investment Partners LLC boosted its stake in shares of AT&T by 3.8% in the third quarter. Ellis Investment Partners LLC now owns 21,076 shares of the technology company’s stock valued at $514,000 after purchasing an additional 776 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Key AT&T News

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

Positive Sentiment: AT&T reported third-quarter adjusted EPS of $0.65 and revenue of $32.32 billion, exceeding analyst estimates. Revenue increased roughly 5.2% year over year, supported by fiber and wireless growth. AT&T quarterly earnings results
Positive Sentiment: Record Advanced Connectivity additions included 769,000 internet customers, 442,000 fiber additions and 379,000 postpaid phone additions. Management raised its 2026 adjusted EPS outlook to approximately $2.40 and plans roughly $10 billion in share repurchases. AT&T third-quarter results
Positive Sentiment: Argus reaffirmed its buy rating with a $30 price target, while JPMorgan and KeyCorp maintained positive ratings despite reducing their targets to $31 and $33, respectively. Analyst ratings
Neutral Sentiment: AT&T plans to reduce annual capital spending by about $1 billion in 2027–2028 while retaining its goal of reaching more than 60 million fiber locations by 2030. The lower spending supports cash flow but could raise questions about growth investment and fiber execution. AT&T fiber spending strategy
Negative Sentiment: Investors are concerned that debt reduction is taking longer than expected. Net debt rose following the EchoStar spectrum transaction, and management now expects to return to its targeted net-debt-to-EBITDA range in 2029. A $2.6 billion noncash impairment tied to the Mexico wireless business also weighed on sentiment. AT&T debt and impairment analysis
Negative Sentiment: Potential competition from SpaceX’s Starlink Mobile service is amplifying concerns about wireless subscriber growth, pricing and the need for additional customer incentives. Fiber introductory promotions are also pressuring pricing. Telecom stocks and Starlink concerns

AT&T Price Performance

Shares of NYSE T opened at $22.73 on Friday. The stock’s 50-day moving average is $24.86 and its two-hundred day moving average is $24.25. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.87 and a quick ratio of 0.93. AT&T Inc. has a 1-year low of $19.89 and a 1-year high of $29.43. The company has a market cap of $155.72 billion, a price-to-earnings ratio of 7.52, a price-to-earnings-growth ratio of 1.04 and a beta of 0.25.

AT&T (NYSE:T – Get Free Report) last posted its quarterly earnings results on Wednesday, October 21st. The technology company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.05. The company 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%. AT&T’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.54 EPS. Analysts forecast that AT&T Inc. will post 2.39 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Monday, October 12th will be paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Friday, October 9th. AT&T’s dividend payout ratio is presently 36.75%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Argus restated a “buy” rating and issued a $30.00 price objective on shares of AT&T in a report on Thursday. Barclays reduced their target price on shares of AT&T from $24.00 to $21.00 and set an “equal weight” rating on the stock in a report on Thursday. JPMorgan Chase & Co. reduced their target price on shares of AT&T from $33.00 to $31.00 and set an “overweight” rating on the stock in a report on Thursday. BNP Paribas Exane raised shares of AT&T from a “neutral” rating to an “outperform” rating and raised their price target for the company from $26.00 to $30.00 in a research report on Monday, September 21st. Finally, Sanford C. Bernstein downgraded shares of AT&T from an “outperform” rating to a “market perform” rating and set a $24.00 price target for the company. in a research note on Tuesday, October 13th. Twelve analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $28.55.

View Our Latest Analysis on AT&T

About AT&T

(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.