AT&T Inc. $T Stock Sold by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd decreased its stake in AT&T Inc. (NYSE:T) by 3.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,038,205 shares of the technology company’s stock after selling 34,668 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in AT&T were worth $25,332,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in T. IFM Investors Pty Ltd boosted 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 buying an additional 74,684 shares during the period. Parr Mcknight Wealth Management Group LLC bought a new position in shares of AT&T in the first quarter worth about $2,901,000. Sound Income Strategies LLC boosted its stake in shares of AT&T by 19.8% in the third quarter. Sound Income Strategies LLC now owns 754,818 shares of the technology company’s stock worth $18,772,000 after acquiring an additional 124,997 shares during the period. Orographic Financial Advisors LLC purchased a new stake in shares of AT&T during the first quarter worth about $3,449,000. Finally, B.A. Schrock Wealth Management Inc. bought a new stake in AT&T during the 3rd quarter valued at approximately $1,583,000. Institutional investors own 57.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on T shares. Barclays lowered their price target on AT&T from $26.00 to $24.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 8th. Morgan Stanley upped their price target on AT&T from $27.00 to $28.00 and gave the stock an “overweight” rating in a research note on Monday, September 28th. Royal Bank Of Canada cut 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. Wolfe Research upgraded shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price objective on the stock in a research report on Thursday, July 23rd. Finally, Scotiabank reduced their price objective on shares of AT&T from $27.50 to $26.50 and set a “sector perform” rating on the stock in a research report on Friday, October 9th. Eleven investment 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 MarketBeat, AT&T has an average rating of “Moderate Buy” and a consensus price target of $29.05.

More AT&T News

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

• Positive Sentiment: Wall Street analysts maintain an average price target of approximately $29.05, implying considerable upside from recent levels and signaling that the stock’s valuation and dividend remain attractive to some brokers. AT&T Inc. Stock Has Average Target Price of $29.05 According to Brokerages
• Positive Sentiment: AT&T expanded its customer service guarantee, including a commitment to provide technical support within five minutes or less. The initiative could improve customer satisfaction and retention as the company competes with Verizon and T-Mobile. AT&T expands promises to customers as it trails rivals
• Positive Sentiment: AT&T, the NBA and WNBA launched a fourth-generation High-Speed Arena Network under a multiyear partnership extension. The project reinforces AT&T’s connectivity brand and could support enterprise and venue-networking relationships. AT&T, NBA and WNBA Launch Next-Generation Network
• Neutral Sentiment: Analysts expect third-quarter earnings per share of about $0.60 and revenue of approximately $31.65 billion. Options markets are pricing in an unusually large post-earnings move, highlighting elevated event risk in either direction. Why Is the Options Market Expecting a Major Post-Earnings Reaction?
• Neutral Sentiment: AT&T’s planned $2 billion sale of its Mexico wireless business may simplify operations and provide capital, but investors will watch how proceeds are allocated and whether the transaction affects growth. AT&T Gears Up for Q3 Earnings
• Negative Sentiment: SpaceX’s reported $8 billion spectrum deal has intensified concerns about future competition in wireless services. The development contributed to weakness across major telecom stocks as investors reassessed competitive risks. SpaceX’s Spectrum Deal Hits Telecom Stocks

AT&T Stock Down 0.9%

T opened at $23.23 on Tuesday. The firm has a 50-day simple moving average of $24.96 and a two-hundred day simple moving average of $24.37. AT&T Inc. has a 52 week low of $19.89 and a 52 week high of $29.43. The company has a market capitalization of $159.20 billion, a PE ratio of 7.69, a price-to-earnings-growth ratio of 1.14 and a beta of 0.25. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 1.06.

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

AT&T Dividend Announcement

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 issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.8%. The ex-dividend date is Friday, October 9th. AT&T’s dividend payout ratio (DPR) is currently 36.75%.

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.