AT&T Inc. $T Shares Acquired by Ascentis Independent Advisors

Ascentis Independent Advisors grew its position in AT&T Inc. (NYSE:T) by 57.6% during the 1st quarter, HoldingsChannel.com reports. The fund owned 104,487 shares of the technology company’s stock after buying an additional 38,181 shares during the quarter. Ascentis Independent Advisors’ holdings in AT&T were worth $3,029,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in T. Rachor Investment Advisory Services LLC acquired a new position in AT&T in the 4th quarter valued at $25,000. Safe Harbor Fiduciary LLC acquired a new stake in AT&T during the 4th quarter worth $25,000. Cresta Advisors Ltd. acquired a new stake in AT&T during the 4th quarter worth $26,000. Blueline Advisors LLC purchased a new stake in shares of AT&T during the fourth quarter worth $26,000. Finally, Winnow Wealth LLC grew its holdings in shares of AT&T by 362.8% during the fourth quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company’s stock worth $26,000 after buying an additional 820 shares in the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

Key AT&T News

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

• Positive Sentiment: AT&T launched an expanded Build-A-Plan offering that bundles wireless and home internet, which could strengthen its competitive position and improve customer stickiness. AT&T (T) Launches Build A Plan Expansion To Bundle Wireless And Fiber
• Positive Sentiment: Unusual call option activity suggests some traders are positioning for a rebound in the stock.
• Neutral Sentiment: Several articles this week focused on AT&T as a dividend and value stock, reinforcing its appeal to income-oriented investors.
• Negative Sentiment: AT&T remains weighed down by concerns about SpaceX/Starlink potentially becoming a bigger competitor in wireless and satellite connectivity, which has pressured telecom shares broadly. AT&T Stock’s Bad Week Just Keeps Getting Worse
• Negative Sentiment: Oppenheimer reportedly downgraded AT&T on the SpaceX threat, adding to pressure on the stock. Oppenheimer downgrades AT&T stock on SpaceX threat
• Negative Sentiment: EchoStar’s Dish filing after delays in its spectrum sale to AT&T highlights ongoing execution and regulatory uncertainty around a key transaction. EchoStar’s Dish files Chapter 11 after spectrum sale to AT&T is delayed

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on T. Scotiabank dropped their price objective on shares of AT&T from $31.50 to $31.00 and set a “sector perform” rating for the company in a research note on Thursday, April 23rd. KeyCorp raised their target price on shares of AT&T from $30.00 to $36.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 25th. Morgan Stanley started coverage on AT&T in a report on Thursday, April 16th. They set an “overweight” rating and a $30.00 target price on the stock. Royal Bank Of Canada restated an “outperform” rating and issued a $31.00 price target on shares of AT&T in a research report on Wednesday, May 20th. Finally, Citigroup increased their price target on AT&T from $29.00 to $31.50 and gave the company a “buy” rating in a report on Monday, March 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, AT&T has a consensus rating of “Moderate Buy” and an average price target of $30.55.

AT&T Price Performance

T stock opened at $20.57 on Monday. The business has a fifty day moving average of $23.89 and a two-hundred day moving average of $25.52. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 1.05. The stock has a market cap of $142.89 billion, a price-to-earnings ratio of 6.90, a price-to-earnings-growth ratio of 0.84 and a beta of 0.24. AT&T Inc. has a 52-week low of $19.89 and a 52-week high of $29.79.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The business had revenue of $31.51 billion for the quarter, compared to the consensus estimate of $31.29 billion. During the same period in the previous year, the firm earned $0.51 EPS. The business’s revenue was up 2.9% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, research analysts anticipate that AT&T Inc. will post 2.31 earnings per share for the current year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 10th will be given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 5.4%. The ex-dividend date is Friday, July 10th. AT&T’s dividend payout ratio (DPR) is currently 37.25%.

About AT&T

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.