65,159 Shares of AT&T Inc. $T Bought by B.A. Schrock Wealth Management Inc.

B.A. Schrock Wealth Management Inc. bought a new position in shares of AT&T Inc. (NYSE:T) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 65,159 shares of the technology company’s stock, valued at approximately $1,583,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp grew its holdings in shares of AT&T by 5.8% during 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 in the last quarter. Bank of America Corp DE raised its stake in shares of AT&T by 4.6% in the first quarter. Bank of America Corp DE now owns 125,191,700 shares of the technology company’s stock valued at $3,629,307,000 after purchasing an additional 5,449,222 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of AT&T by 12.7% in the first quarter. Bank of New York Mellon Corp now owns 72,764,509 shares of the technology company’s stock valued at $2,109,443,000 after purchasing an additional 8,197,935 shares in the last quarter. GQG Partners LLC bought a new position in AT&T in the second quarter worth $1,223,364,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in AT&T by 2.5% in 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 worth $1,151,254,000 after purchasing an additional 1,336,556 shares during the period. 57.10% of the stock is currently owned by institutional investors.

AT&T Stock Up 0.9%

Shares of T opened at $23.07 on Thursday. The business’s fifty day moving average price is $24.99 and its two-hundred day moving average price is $24.49. The firm has a market capitalization of $158.06 billion, a price-to-earnings ratio of 7.64, a PEG ratio of 1.14 and a beta of 0.25. AT&T Inc. has a 52 week low of $19.89 and a 52 week high of $29.43. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.93 and a current ratio of 0.97.

AT&T (NYSE:T) last released its earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. AT&T had a return on equity of 12.86% and a net margin of 16.94%. The company had revenue of $31.56 billion during the quarter, compared to the consensus estimate of $31.80 billion. During the same quarter in the previous year, the company posted $0.54 earnings per share. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, analysts predict that AT&T Inc. will post 2.33 earnings per share for the current year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Monday, October 12th will be given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Friday, October 9th. AT&T’s dividend payout ratio (DPR) is presently 36.75%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on T. BNP Paribas Exane upgraded shares of AT&T from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $26.00 to $30.00 in a research note on Monday, September 21st. Wolfe Research upgraded shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price objective for the company in a research note on Thursday, July 23rd. The Goldman Sachs Group set a $30.00 price objective on shares of AT&T in a report on Wednesday, July 22nd. Royal Bank Of Canada reduced their price objective on shares of AT&T from $31.00 to $27.00 and set an “outperform” rating for the company in a report on Monday, July 20th. Finally, Sanford C. Bernstein lowered shares of AT&T from an “outperform” rating to a “market perform” rating and set a $24.00 target price on the stock. in a research report on Tuesday. Eleven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $29.05.

AT&T News Roundup

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

• Positive Sentiment: Mexico exit sharpens capital allocation: AT&T will sell AT&T Mexico to a 50/50 consortium of Grupo Televisa and Fintech Holdings for approximately $2 billion in cash, plus potential contractual and contingent payments. The deal, expected to close in the first quarter of 2027 pending regulatory approval, should provide cash and reduce exposure to a lower-priority international market. AT&T to Sell AT&T Mexico to Grupo Televisa and Fintech Holdings
• Positive Sentiment: Investors are emphasizing growth and network investment: AT&T’s messaging has increasingly shifted from debt reduction toward expanding U.S. fiber and 5G, potentially supporting long-term subscriber growth and cash flow. The stock also trades at a low earnings multiple relative to the broader market, which may attract value and income investors. Why You Should Think About AT&T Differently Now?
• Positive Sentiment: Potential earnings upside: Analysts and Zacks expect AT&T to have favorable conditions for an earnings beat in its upcoming report. The consensus forecast is about $2.33 in full-year 2026 EPS, with one analyst recently raising its estimate to $2.34. AT&T Earnings Expected to Grow
• Neutral Sentiment: Settlement approved: A court approved a $177 million settlement related to two 2024 data breaches. The payment resolves litigation uncertainty but represents a corporate cost. AT&T Settlement Payout
• Negative Sentiment: Competitive concerns remain: Bernstein downgraded AT&T and lowered telecom price targets, citing the potential impact of SpaceX’s expanding wireless ambitions on traditional carriers.

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.