AT&T Inc. $T Shares Sold by Commonwealth Financial Services LLC

Commonwealth Financial Services LLC trimmed its holdings in AT&T Inc. (NYSE:T) by 61.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,740 shares of the technology company’s stock after selling 23,243 shares during the period. Commonwealth Financial Services LLC’s holdings in AT&T were worth $360,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. IFM Investors Pty Ltd increased its holdings in AT&T by 5.3% in 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 purchased a new position in shares of AT&T in the first quarter valued at $2,901,000. Sound Income Strategies LLC grew its holdings in AT&T by 19.8% during the 3rd quarter. Sound Income Strategies LLC now owns 754,818 shares of the technology company’s stock valued at $18,772,000 after buying an additional 124,997 shares in the last quarter. Orographic Financial Advisors LLC purchased a new position in AT&T during the first quarter valued at approximately $3,449,000. Finally, B.A. Schrock Wealth Management Inc. bought a new position in AT&T in the 3rd quarter valued at $1,583,000. Institutional investors own 57.10% of the company’s stock.

Key Headlines Impacting AT&T

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

• Positive Sentiment: Wall Street expects third-quarter earnings per share of approximately $0.60 and revenue of about $31.65 billion. A beat, particularly in wireless customer additions or fiber growth, could support the stock. AT&T Gears Up For Q3 Print; Here Are the Recent Forecast Changes From Wall Street’s Most Accurate Analysts
• Positive Sentiment: Brokerages’ average price target is reported at $29.05, indicating analysts see meaningful upside if AT&T delivers on its earnings and operating targets. AT&T Inc. Stock Has Average Target Price of $29.05 According to Brokerages
• Positive Sentiment: AT&T expanded its customer guarantee, including faster technical support, as it seeks to improve service reliability and customer retention relative to competitors. Better retention could support recurring wireless and broadband revenue. AT&T Expands Promises to Customers as It Trails Rivals
• Positive Sentiment: The company sold its Mexico wireless business for $2 billion, providing additional proceeds that may help strengthen the balance sheet or support capital allocation. AT&T Gears Up for Q3 Earnings
• Neutral Sentiment: Options pricing implies an unusually large post-earnings move, signaling elevated volatility rather than a clear bullish or bearish direction. Why Is the Options Market Expecting a Major Post-Earnings Reaction?
• Neutral Sentiment: AT&T and the NBA and WNBA launched a fourth-generation High-Speed Arena Network under a multiyear connectivity partnership. The deal reinforces AT&T’s enterprise and brand presence, although its near-term financial effect is likely limited. AT&T, NBA and WNBA Launch Next-Generation Network
• Negative Sentiment: The upcoming report creates downside risk if revenue, subscriber additions, free cash flow, or forward guidance fall short of expectations. The options market’s elevated expected move underscores the potential for a sharp reaction.

AT&T Stock Up 1.3%

Shares of AT&T stock traded up $0.29 during trading on Tuesday, hitting $23.50. The company’s stock had a trading volume of 12,726,659 shares, compared to its average volume of 48,320,637. 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. The company has a fifty day simple moving average of $24.96 and a two-hundred day simple moving average of $24.37. The company has a market capitalization of $161.00 billion, a PE ratio of 7.78, a P/E/G ratio of 1.14 and a beta of 0.25.

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

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Monday, October 12th will be given a $0.2775 dividend. 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 4.7%. AT&T’s payout ratio is 36.75%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on T. Weiss Ratings raised AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 3rd. Argus cut their target price on AT&T from $33.00 to $30.00 and set a “buy” rating 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. KeyCorp reiterated an “overweight” rating and issued a $36.00 target price on shares of AT&T in a research report on Wednesday, October 7th. Finally, Morgan Stanley raised their price objective on AT&T from $27.00 to $28.00 and gave the company an “overweight” rating in a research note on Monday, September 28th. 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $29.05.

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.