AT&T Inc. $T Shares Bought by Ethic Inc.

Ethic Inc. raised its stake in shares of AT&T Inc. (NYSE:T) by 3.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,113,526 shares of the technology company’s stock after buying an additional 39,513 shares during the quarter. Ethic Inc.’s holdings in AT&T were worth $27,170,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Endowment Wealth Management Inc. grew its holdings in shares of AT&T by 6.4% during the third quarter. Endowment Wealth Management Inc. now owns 10,769 shares of the technology company’s stock valued at $263,000 after buying an additional 650 shares during the last quarter. StoneX Group Inc. increased its position in shares of AT&T by 8.9% during the third quarter. StoneX Group Inc. now owns 164,476 shares of the technology company’s stock valued at $4,029,000 after acquiring an additional 13,469 shares in the last quarter. Kornitzer Capital Management Inc. KS raised its holdings in AT&T by 0.5% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 936,432 shares of the technology company’s stock worth $22,849,000 after acquiring an additional 4,279 shares during the last quarter. Axiom Investment Management LLC raised its holdings in AT&T by 7.0% in the 3rd quarter. Axiom Investment Management LLC now owns 44,315 shares of the technology company’s stock worth $1,081,000 after acquiring an additional 2,880 shares during the last quarter. Finally, Leelyn Smith LLC raised its holdings in AT&T by 30.8% in the 3rd quarter. Leelyn Smith LLC now owns 38,966 shares of the technology company’s stock worth $951,000 after acquiring an additional 9,167 shares during the last quarter. 57.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on T shares. BNP Paribas Exane raised AT&T from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $26.00 to $30.00 in a research report on Monday, September 21st. Wolfe Research raised AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 target price for the company in a report on Thursday, July 23rd. Raymond James Financial reduced their target price on AT&T from $33.00 to $29.00 in a report on Thursday, October 22nd. Citigroup decreased their price target on AT&T from $31.50 to $28.00 and set a “buy” rating for the company in a research note on Thursday, July 23rd. Finally, Wells Fargo & Company upped their price target on AT&T from $18.00 to $20.00 and gave the company an “underweight” rating in a report on Thursday, July 23rd. Twelve research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $27.56.

AT&T Stock Performance

Shares of NYSE T opened at $21.61 on Friday. The firm’s 50-day moving average price is $23.96 and its 200-day moving average price is $24.91. The company has a quick ratio of 0.82, a current ratio of 0.87 and a debt-to-equity ratio of 1.22. The company has a market cap of $145.60 billion, a PE ratio of 11.68, a PEG ratio of 1.07 and a beta of 0.30. AT&T Inc. has a 52-week low of $19.89 and a 52-week high of $29.43.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, October 21st. The technology company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.05. AT&T had a net margin of 10.19% and a return on equity of 13.41%. The firm had revenue of $32.32 billion during the quarter, compared to analysts’ expectations of $31.69 billion. During the same period in the previous year, the company earned $0.54 earnings per share. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. As a group, analysts anticipate that AT&T Inc. will post 2.39 EPS for the current year.

AT&T Announces Dividend

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

More 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 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.