AT&T Inc. $T Stake Raised by Viking Fund Management LLC

Viking Fund Management LLC lifted its holdings in shares of AT&T Inc. (NYSE:T) by 4.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 681,000 shares of the technology company’s stock after buying an additional 26,000 shares during the quarter. AT&T comprises approximately 1.3% of Viking Fund Management LLC’s investment portfolio, making the stock its 20th biggest holding. Viking Fund Management LLC’s holdings in AT&T were worth $16,616,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. IFM Investors Pty Ltd boosted its stake in AT&T by 5.3% during the 1st quarter. IFM Investors Pty Ltd now owns 1,488,172 shares of the technology company’s stock worth $43,142,000 after acquiring an additional 74,684 shares during the last quarter. Parr Mcknight Wealth Management Group LLC acquired a new stake in AT&T in the first quarter worth $2,901,000. Sound Income Strategies LLC boosted its position in shares of AT&T by 19.8% during the third quarter. Sound Income Strategies LLC now owns 754,818 shares of the technology company’s stock worth $18,772,000 after purchasing an additional 124,997 shares in the last quarter. Orographic Financial Advisors LLC bought a new position in shares of AT&T during the first quarter worth $3,449,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. grew its holdings in shares of AT&T by 34.5% in the 2nd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 1,075,110 shares of the technology company’s stock valued at $22,255,000 after buying an additional 275,985 shares during the period. 57.10% of the stock is owned by institutional investors.

AT&T Stock Performance

Shares of AT&T stock opened at $23.07 on Thursday. The firm has a market cap of $158.06 billion, a price-to-earnings ratio of 7.64, a price-to-earnings-growth ratio of 1.14 and a beta of 0.25. The stock’s 50-day moving average is $24.99 and its 200-day moving average is $24.49. AT&T Inc. has a one year low of $19.89 and a one year high of $29.43. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.97 and a quick ratio of 0.93.

AT&T (NYSE:T) last posted its quarterly earnings data 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. The company had revenue of $31.56 billion during the quarter, compared to analysts’ expectations of $31.80 billion. AT&T had a return on equity of 12.86% and a net margin of 16.94%. AT&T’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities analysts predict that AT&T Inc. will post 2.33 earnings per share for the current fiscal year.

AT&T Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts recently commented on T shares. The Goldman Sachs Group set a $30.00 price objective on shares of AT&T in a research report on Wednesday, July 22nd. Sanford C. Bernstein cut AT&T from an “outperform” rating to a “market perform” rating and set a $24.00 target price for the company. in a research note on Tuesday. Scotiabank lowered their price target on AT&T from $27.50 to $26.50 and set a “sector perform” rating for the company in a report on Friday, October 9th. Wall Street Zen raised AT&T from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. Finally, KeyCorp reiterated an “overweight” rating and issued a $36.00 price objective on shares of AT&T in a research report on Wednesday, October 7th. Eleven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $29.05.

AT&T News Summary

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

• Positive Sentiment: AT&T agreed to sell its Mexican wireless business to a consortium of Grupo Televisa and Fintech Holdings for approximately $2 billion in cash, plus potential contractual and contingent benefits. The transaction is expected to close in the first quarter of 2027, subject to regulatory approval, and should allow AT&T to concentrate capital on its U.S. fiber and 5G networks. AT&T to Sell AT&T Mexico to Grupo Televisa and Fintech Holdings
• Positive Sentiment: Investors are positioning for AT&T’s upcoming earnings report, with analysts expecting earnings growth and a potential beat. The company’s existing full-year 2026 EPS guidance is $2.25 to $2.35, while the consensus estimate is approximately $2.33. AT&T Earnings Expected to Grow
• Positive Sentiment: AT&T trades at a low valuation of roughly 7.4 times earnings and offers a dividend yield above 6%, which may attract income-focused investors after the recent telecom-sector selloff. Analysts’ median price target is about $25, above the stock’s recent trading level.
• Neutral Sentiment: AT&T disclosed $60,000 of third-quarter lobbying focused on telecommunications policy, 5G deployment, the First Responder Network, tax issues and the Affordable Connectivity Program. The filing is unlikely to materially affect near-term valuation.
• Neutral Sentiment: Institutional ownership activity was mixed: 1,252 investors increased positions while 1,512 reduced them in the latest quarter. Recent analyst targets range widely from $18 to $31, highlighting uncertainty about AT&T’s growth outlook.
• Negative Sentiment: Bernstein downgraded AT&T and lowered telecom-sector price targets, citing potential disruption from SpaceX’s wireless ambitions. The competitive threat could pressure pricing, subscriber growth and industry valuations. AT&T Stock Rises Despite a Downgrade on SpaceX Competition
• Negative Sentiment: A court-approved $177 million settlement related to two 2024 AT&T data breaches creates an additional legal and reputational overhang, although the financial impact appears manageable relative to the company’s size. AT&T Settlement Payout

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.