Bryn Mawr Trust Advisors LLC decreased its position in shares of AT&T Inc. (NYSE:T – Free Report) by 7.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 340,919 shares of the technology company’s stock after selling 26,221 shares during the quarter. Bryn Mawr Trust Advisors LLC’s holdings in AT&T were worth $8,318,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Avion Wealth raised its holdings in shares of AT&T by 26.9% during the third quarter. Avion Wealth now owns 2,817 shares of the technology company’s stock valued at $68,000 after buying an additional 598 shares during the last quarter. Almanack Investment Partners LLC. grew its holdings in AT&T by 26.1% in the 3rd quarter. Almanack Investment Partners LLC. now owns 28,603 shares of the technology company’s stock worth $698,000 after buying an additional 5,924 shares in the last quarter. Edgemoor Investment Advisors Inc. grew its holdings in AT&T by 0.8% in the 3rd quarter. Edgemoor Investment Advisors Inc. now owns 330,935 shares of the technology company’s stock worth $8,075,000 after buying an additional 2,606 shares in the last quarter. Avantax Planning Partners Inc. increased its position in AT&T by 50.2% in the 3rd quarter. Avantax Planning Partners Inc. now owns 67,245 shares of the technology company’s stock valued at $1,641,000 after acquiring an additional 22,463 shares during the period. Finally, Brighton Jones LLC increased its position in AT&T by 6.7% in the 3rd quarter. Brighton Jones LLC now owns 77,441 shares of the technology company’s stock valued at $1,890,000 after acquiring an additional 4,832 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.
AT&T Trading Down 0.1%
AT&T stock opened at $21.61 on Monday. AT&T Inc. has a 12-month low of $19.89 and a 12-month high of $29.43. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.87 and a quick ratio of 0.82. The stock has a market capitalization of $145.60 billion, a PE ratio of 11.68, a price-to-earnings-growth ratio of 1.07 and a beta of 0.30. The firm has a 50 day simple moving average of $23.96 and a 200-day simple moving average of $24.91.
AT&T (NYSE:T – Get Free Report) last announced its earnings results on Wednesday, October 21st. The technology company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.60 by $0.05. AT&T had a return on equity of 13.41% and a net margin of 10.19%. The firm had revenue of $32.32 billion for the quarter, compared to analysts’ expectations of $31.69 billion. During the same quarter in the previous year, the company earned $0.54 earnings per share. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. As a group, equities research analysts expect that AT&T Inc. will post 2.39 EPS for the current fiscal year.
AT&T Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, November 2nd. Shareholders of record on Monday, October 12th were paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend was Friday, October 9th. AT&T’s dividend payout ratio (DPR) is presently 60.00%.
AT&T News Summary
Here are the key news stories impacting AT&T this week:
- Positive Sentiment: AT&T and AST SpaceMobile completed what AT&T describes as the first successful handoff between a terrestrial cellular network and a direct-to-device satellite connection using standard smartphones. The technology could eventually help extend coverage beyond traditional network reach, though the reports do not indicate near-term revenue impact. Article: Is AT&T Undervalued As Its Satellite Handoff Opens A New Coverage Question?
- Neutral Sentiment: AT&T plans to move all consumer-facing customer support to U.S.-based operations by 2027 and use AI to assist agents and automate routine inquiries. The change may improve service or align with policy trends, but its cost and financial effects are not specified. Article: AT&T Sets 2027 Deadline For All U.S. Based Consumer Support
- Negative Sentiment: A Zacks analysis says AT&T shares have fallen 11.8% over the past year, lagging the wireless industry and broader market benchmarks despite fiber and wireless growth. It cites rising debt and competitive pressures as concerns that could offset the stock’s valuation appeal. Article: AT&T Stock Falls 11.8% in a Year: Should You Buy the Dip?
- Negative Sentiment: A dividend-stock comparison puts Verizon’s yield at 6.1% and AT&T’s below that, which may make AT&T less appealing to investors focused mainly on income. Separately, an article on dividend safety notes that debt refinancing at higher rates can compete with cash available for dividends; the supplied summary does not specify AT&T’s individual risk assessment. Article: Better Dividend Stock: Verizon vs. AT&T
Analyst Ratings Changes
T has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut their target price on AT&T from $33.00 to $31.00 and set an “overweight” rating on the stock in a research note on Thursday, October 22nd. TD Cowen reissued a “hold” rating and issued a $33.00 price target on shares of AT&T in a research note on Thursday, October 22nd. Barclays lowered their price target on AT&T from $24.00 to $21.00 and set an “equal weight” rating on the stock in a report on Thursday, October 22nd. Argus restated a “buy” rating and set a $30.00 price objective on shares of AT&T in a research note on Thursday, October 22nd. Finally, The Goldman Sachs Group set a $27.00 price objective on shares of AT&T in a report on Wednesday, October 21st. Twelve investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $27.56.
AT&T Company 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.
Read More
- Five stocks we like better than AT&T
- Lemonade’s Revenue Soars 73%—So Why Did Its Stock Turn Sour After Earnings?
- Anthropic’s S-1 Strengthens the Case for Broadcom’s AI Growth
- After the Midterms, Which of These 3 Defense ETFs Looks Strongest?
- The Ugly Truth Behind SoundHound’s Q3 Results
Want to see what other hedge funds are holding T? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AT&T Inc. (NYSE:T – Free Report).
Receive News & Ratings for AT&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T and related companies with MarketBeat.com's FREE daily email newsletter.
