Leonteq Securities AG Cuts Position in AT&T Inc. $T

Leonteq Securities AG lowered its holdings in AT&T Inc. (NYSE:T) by 65.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,120 shares of the technology company’s stock after selling 36,123 shares during the quarter. Leonteq Securities AG’s holdings in AT&T were worth $396,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in T. Brighton Jones LLC increased its holdings in AT&T by 26.5% in the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock valued at $1,106,000 after buying an additional 10,188 shares in the last quarter. Osterweis Capital Management Inc. grew its holdings in shares of AT&T by 4,352.9% in the 2nd quarter. Osterweis Capital Management Inc. now owns 6,234 shares of the technology company’s stock worth $180,000 after acquiring an additional 6,094 shares during the period. Main Street Financial Solutions LLC grew its holdings in shares of AT&T by 4.0% in the 2nd quarter. Main Street Financial Solutions LLC now owns 26,796 shares of the technology company’s stock worth $775,000 after acquiring an additional 1,022 shares during the period. HUB Investment Partners LLC increased its stake in AT&T by 19.6% in the 2nd quarter. HUB Investment Partners LLC now owns 55,730 shares of the technology company’s stock valued at $1,613,000 after purchasing an additional 9,115 shares in the last quarter. Finally, Peapack Gladstone Financial Corp increased its stake in AT&T by 1.8% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 207,063 shares of the technology company’s stock valued at $5,992,000 after purchasing an additional 3,677 shares in the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting AT&T

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

• Positive Sentiment: Valuation remains attractive. AT&T has more than doubled over three years, but its recent pullback leaves it trading at relatively inexpensive earnings and other valuation multiples. The combination of a low valuation and expected 2026 earnings growth could provide further upside. AT&T Stock Still Looks A Bargain On Earnings But Weaker On Growth
• Positive Sentiment: AT&T compares favorably with other connectivity investments. Zacks points to stronger recent performance, a cheaper valuation and a more established 2026 growth outlook than SpaceX, despite competitive pressures. AT&T vs. SpaceX: Which Connectivity Stock Has More Upside Now?
• Positive Sentiment: Open-weight artificial intelligence could improve efficiency. AT&T is adopting open AI models to reduce token costs, protect proprietary data and improve security. If successfully implemented, the strategy could lower operating expenses and support automation. Why AT&T Is Betting Big on Open-Weight AI
• Neutral Sentiment: Fundamental execution is improving but uneven. Fiber expansion, wireless gains and bundled services support growth, while the latest quarterly EPS beat estimates and revenue increased year over year. However, revenue was below consensus, leaving investors focused on whether growth can accelerate.
• Negative Sentiment: Growth risks could limit upside. Analysts note that much of AT&T’s recent investment case depends on modest growth, while high capital expenditures, substantial debt and intense competition from wireless, fiber and satellite providers could pressure returns. Should Investors Buy T Stock as Earnings Estimates Improve?
• Negative Sentiment: SpaceX’s ambitions highlight a competitive threat. Elon Musk’s projection that SpaceX could handle most internet traffic underscores the long-term risk posed by satellite connectivity, although the impact on AT&T’s core business is uncertain. Elon Musk Predicts 90% of Internet Traffic Will Flow Through His Company

Analyst Upgrades and Downgrades

A number of analysts have commented on T shares. Sanford C. Bernstein reiterated an “outperform” rating and set a $25.00 target price on shares of AT&T in a research report on Monday, July 13th. Scotiabank dropped their price target on AT&T from $31.00 to $29.25 and set a “sector perform” rating for the company in a research report on Wednesday, July 15th. Wall Street Zen raised AT&T from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. BNP Paribas Exane decreased their price objective on shares of AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Finally, TD Cowen increased their price objective on shares of AT&T from $32.00 to $33.00 and gave the company a “hold” rating in a research note on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, AT&T currently has an average rating of “Moderate Buy” and an average price target of $29.19.

AT&T Trading Up 1.4%

Shares of AT&T stock opened at $24.59 on Friday. AT&T Inc. has a 1 year low of $19.89 and a 1 year high of $29.79. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.97 and a quick ratio of 0.93. The business has a 50 day moving average price of $22.58 and a 200 day moving average price of $25.25. The company has a market capitalization of $168.49 billion, a P/E ratio of 8.14, a P/E/G ratio of 0.99 and a beta of 0.23.

AT&T (NYSE:T) last announced its earnings results on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. The firm had revenue of $31.56 billion for 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 quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.54 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Sell-side analysts anticipate that AT&T Inc. will post 2.34 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were paid a dividend of $0.2775 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.5%. AT&T’s dividend payout ratio (DPR) is presently 36.75%.

AT&T Company Profile

AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.

AT&T’s product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.