HighTower Advisors LLC Sells 166,385 Shares of AT&T Inc. $T

HighTower Advisors LLC trimmed its stake in AT&T Inc. (NYSE:T) by 6.0% in the 2nd quarter, HoldingsChannel reports. The firm owned 2,593,706 shares of the technology company’s stock after selling 166,385 shares during the period. HighTower Advisors LLC’s holdings in AT&T were worth $53,690,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Affinity Investment Advisors LLC lifted its position in AT&T by 57.5% during the second quarter. Affinity Investment Advisors LLC now owns 97,114 shares of the technology company’s stock valued at $2,010,000 after purchasing an additional 35,456 shares in the last quarter. Montag A & Associates Inc. increased its position in AT&T by 3.1% in the second quarter. Montag A & Associates Inc. now owns 26,443 shares of the technology company’s stock worth $547,000 after buying an additional 784 shares in the last quarter. Parr Mcknight Wealth Management Group LLC raised its stake in shares of AT&T by 3.8% in the second quarter. Parr Mcknight Wealth Management Group LLC now owns 103,915 shares of the technology company’s stock worth $2,151,000 after buying an additional 3,848 shares during the period. PDS Planning Inc raised its stake in shares of AT&T by 2.3% in the second quarter. PDS Planning Inc now owns 38,536 shares of the technology company’s stock worth $798,000 after buying an additional 879 shares during the period. Finally, Cynosure Group LLC purchased a new position in shares of AT&T during the 2nd quarter valued at about $499,000. 57.10% of the stock is owned by institutional investors.

AT&T Stock Up 0.4%

Shares of T opened at $25.21 on Friday. The business’s 50 day moving average is $22.79 and its 200 day moving average is $25.27. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06. AT&T Inc. has a 12-month low of $19.89 and a 12-month high of $29.79. The company has a market capitalization of $172.75 billion, a PE ratio of 8.35, a price-to-earnings-growth ratio of 1.02 and a beta of 0.23.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.06. AT&T had a return on equity of 12.86% and a net margin of 16.94%.The business had revenue of $31.56 billion during the quarter, compared to the consensus estimate of $31.80 billion. During the same period in the prior year, the company posted $0.54 EPS. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Research analysts expect that AT&T Inc. will post 2.34 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were given a dividend of $0.2775 per share. The ex-dividend date was Friday, July 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.4%. AT&T’s dividend payout ratio (DPR) is presently 36.75%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Scotiabank cut their price objective on AT&T from $31.00 to $29.25 and set a “sector perform” rating for the company in a research note on Wednesday, July 15th. Wall Street Zen upgraded shares of AT&T from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Barclays lowered their price target on shares of AT&T from $26.00 to $24.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 8th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $25.00 price target on shares of AT&T in a research report on Monday, July 13th. Finally, TD Cowen increased their price objective on shares of AT&T from $32.00 to $33.00 and gave the stock a “hold” rating in a research note on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.19.

Key Stories Impacting AT&T

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

• Positive Sentiment: AT&T reportedly reduced expenses for coding and other advanced AI tasks by as much as 56% by routing workloads to lower-cost models and using open-source technology. The reported quality decline was only about 2%, suggesting a meaningful opportunity to improve efficiency and margins. AT&T Slashes AI Costs by Adopting Model Routers and Open Source
• Positive Sentiment: AT&T partnered with, and invested in, Hark to support AI-native consumer devices through network connectivity, device certification and infrastructure. The deal could create future wireless demand and position AT&T to participate in emerging AI hardware markets, although near-term financial benefits are unclear. Hark and AT&T Partner on Connectivity for Future AI Devices
• Positive Sentiment: Coverage points to continued momentum in AT&T’s Advanced Connectivity segment, supported by fiber expansion, customer convergence and rising demand for networks capable of handling AI workloads. Sustained execution could provide a growth catalyst beyond the company’s traditional wireless operations. T Rides on Strength in Advanced Connectivity Segment
• Neutral Sentiment: One analysis argues that AT&T is outperforming several telecom peers but that its valuation does not fully reflect that performance, potentially supporting further appreciation if operating results remain strong. The Peer-Group Mispricing Sitting On T Stock
• Negative Sentiment: Dividend-focused commentary notes that AT&T’s approximately 4.5% yield is attractive, but argues that growth will likely remain slow and that increasing average revenue per customer is an important—and limited—route to stronger results. Yielding 4.5%, Should Dividend Stock Investors Buy AT&T Stock?

AT&T Profile

AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.

AT&T’s product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.