AT&T Inc. $T Shares Sold by Inscription Capital LLC

Inscription Capital LLC trimmed its stake in shares of AT&T Inc. (NYSE:T) by 64.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,125 shares of the technology company’s stock after selling 25,516 shares during the period. Inscription Capital LLC’s holdings in AT&T were worth $345,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of T. Bank of America Corp DE purchased a new stake in AT&T during the second quarter valued at about $2,310,898,000. GQG Partners LLC purchased a new position in shares of AT&T in the second quarter worth approximately $1,223,364,000. Legal & General Group Plc acquired a new stake in shares of AT&T during the second quarter valued at approximately $960,695,000. State Street Corp raised its holdings in shares of AT&T by 5.8% during the second quarter. State Street Corp now owns 334,273,613 shares of the technology company’s stock valued at $6,919,464,000 after acquiring an additional 18,468,679 shares during the period. Finally, Nykredit A S purchased a new stake in shares of AT&T in the 2nd quarter valued at approximately $259,954,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

Key AT&T News

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

AT&T Price Performance

Shares of T opened at $21.61 on Monday. The company has a market capitalization of $145.60 billion, a price-to-earnings ratio of 11.68, a P/E/G ratio of 1.07 and a beta of 0.30. AT&T Inc. has a fifty-two week low of $19.89 and a fifty-two week 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 business’s 50-day moving average is $23.96 and its 200-day moving average is $24.91.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, October 21st. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.05. The business had revenue of $32.32 billion during the quarter, compared to analyst estimates of $31.69 billion. AT&T had a net margin of 10.19% and a return on equity of 13.41%. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.54 earnings per share. Equities research analysts expect that AT&T Inc. will post 2.39 EPS for the current fiscal year.

AT&T Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms recently commented on T. Scotiabank decreased their price objective on shares of AT&T from $27.50 to $26.50 and set a “sector perform” rating for the company in a research note on Friday, October 9th. JPMorgan Chase & Co. cut their target price on shares of AT&T from $33.00 to $31.00 and set an “overweight” rating on the stock in a research note on Thursday, October 22nd. BNP Paribas Exane upgraded AT&T from a “neutral” rating to an “outperform” rating and increased their target price for the company from $26.00 to $30.00 in a report on Monday, September 21st. Arete Research reduced their target price on AT&T from $28.00 to $23.00 and set a “neutral” rating for the company in a report on Thursday, October 1st. Finally, Raymond James Financial decreased their target price on AT&T from $33.00 to $29.00 in a research report on Thursday, October 22nd. Twelve research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, AT&T currently has a consensus rating of “Moderate Buy” and an average price target of $27.56.

About AT&T

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.