Canal Capital Management LLC Increases Stock Holdings in AT&T Inc. $T

Canal Capital Management LLC increased its stake in shares of AT&T Inc. (NYSE:T) by 10.2% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 314,560 shares of the technology company’s stock after acquiring an additional 29,109 shares during the quarter. Canal Capital Management LLC’s holdings in AT&T were worth $6,511,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of T. Rachor Investment Advisory Services LLC purchased a new position in AT&T during the 4th quarter worth $25,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of AT&T in the fourth quarter valued at about $25,000. Cresta Advisors Ltd. purchased a new stake in shares of AT&T in the fourth quarter valued at about $26,000. Blueline Advisors LLC bought a new position in shares of AT&T during the fourth quarter valued at about $26,000. Finally, Winnow Wealth LLC lifted its position 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 valued at $26,000 after purchasing an additional 820 shares in the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Price Performance

T opened at $24.89 on Friday. The firm has a market cap of $170.58 billion, a P/E ratio of 8.24, a PEG ratio of 1.00 and a beta of 0.23. The firm has a 50-day moving average of $22.62 and a 200 day moving average of $25.25. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.93 and a current ratio of 0.97. AT&T Inc. has a fifty-two week low of $19.89 and a fifty-two week high of $29.79.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, July 22nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. The business had revenue of $31.56 billion during 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%. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, research analysts expect that AT&T Inc. will post 2.34 EPS for the current year.

AT&T Dividend Announcement

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

Key Headlines Impacting AT&T

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

• Positive Sentiment: AT&T is reinforcing its Hawaiian network and deploying disaster-response resources ahead of Tropical Storm Lala. The effort could strengthen customer trust and satisfaction, though the financial impact is likely modest unless it improves retention or attracts new subscribers. Can AT&T’s Disaster Connectivity Efforts Drive Customer Satisfaction?
• Positive Sentiment: AT&T’s chief marketing officer said customers with strong “brand love” are three times less likely to leave, 50% more likely to purchase a second product and less expensive to acquire. If sustained, those trends could lower churn and customer-acquisition costs while supporting revenue growth and profitability. AT&T’s CMO tied brand love to customer economics
• Positive Sentiment: One comparison concludes AT&T offers more upside potential than SpaceX based on stronger recent performance, a cheaper valuation and its 2026 growth outlook. This reinforces the value case behind AT&T’s low earnings multiple, although it does not represent a new company forecast. AT&T vs. SpaceX
• Neutral Sentiment: A post-earnings-sector review benchmarks AT&T against wireless, cable and satellite peers, offering broader context on its second-quarter performance but no clearly identified new catalyst in the available report. Wireless, Cable and Satellite Stocks Q2 Recap
• Negative Sentiment: Although AT&T has more than doubled over three years and still looks inexpensive on several valuation measures, its weaker recent performance and slower growth raise questions about how much further the shares can advance. AT&T Stock Still Looks a Bargain on Earnings but Weaker on Growth
• Negative Sentiment: SpaceX’s ambitions to capture a large share of internet traffic highlight a longer-term competitive threat to traditional connectivity providers, even though current comparisons favor AT&T’s valuation and outlook. SpaceX Internet Traffic Ambitions

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on T shares. Scotiabank reduced their price objective on shares of 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. The Goldman Sachs Group set a $30.00 target price on shares of AT&T in a research report on Wednesday, July 22nd. Oppenheimer downgraded AT&T from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 3rd. Royal Bank Of Canada reduced their target price on AT&T from $31.00 to $27.00 and set an “outperform” rating for the company in a report on Monday, July 20th. Finally, Barclays decreased their price target on AT&T from $26.00 to $24.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, AT&T currently has a consensus rating of “Moderate Buy” and an average price target of $29.19.

AT&T 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.