Sterling Investment Management LLC Buys 37,079 Shares of AT&T Inc. $T

Sterling Investment Management LLC bought a new position in shares of AT&T Inc. (NYSE:T) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 37,079 shares of the technology company’s stock, valued at approximately $905,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp boosted its holdings in AT&T by 5.8% in the second quarter. State Street Corp now owns 334,273,613 shares of the technology company’s stock valued at $6,919,464,000 after acquiring an additional 18,468,679 shares during the last quarter. Bank of America Corp DE increased its position in AT&T by 4.6% in the first quarter. Bank of America Corp DE now owns 125,191,700 shares of the technology company’s stock worth $3,629,307,000 after purchasing an additional 5,449,222 shares during the period. Bank of New York Mellon Corp increased its position in AT&T by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 75,323,574 shares of the technology company’s stock worth $1,559,198,000 after purchasing an additional 2,559,065 shares during the period. GQG Partners LLC bought a new stake in AT&T during the 2nd quarter worth about $1,223,364,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in AT&T by 2.5% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 55,616,152 shares of the technology company’s stock worth $1,151,254,000 after purchasing an additional 1,336,556 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

T stock opened at $23.44 on Friday. The business’s fifty day moving average is $24.98 and its 200-day moving average is $24.44. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 1.06. The company has a market cap of $160.65 billion, a P/E ratio of 7.76, a price-to-earnings-growth ratio of 1.14 and a beta of 0.25. AT&T Inc. has a twelve month low of $19.89 and a twelve month high of $29.43.

AT&T (NYSE:T) last posted its quarterly 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 business had revenue of $31.56 billion for the quarter, compared to analyst estimates of $31.80 billion. During the same period last year, the company earned $0.54 EPS. The firm’s revenue was up 2.3% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities research analysts forecast that AT&T Inc. will post 2.33 EPS for the current year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Monday, October 12th will be paid a $0.2775 dividend. The ex-dividend date of this dividend is Friday, October 9th. This represents a $1.11 annualized dividend and a yield of 4.7%. AT&T’s dividend payout ratio is presently 36.75%.

Analyst Ratings Changes

A number of research analysts have issued reports on T shares. Wells Fargo & Company upped their target price on shares of AT&T from $18.00 to $20.00 and gave the company an “underweight” rating in a research report on Thursday, July 23rd. Argus lowered their price target on shares of AT&T from $33.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. Wolfe Research upgraded shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price target for the company in a research report on Thursday, July 23rd. KeyCorp reissued an “overweight” rating and set a $36.00 price target on shares of AT&T in a research note on Wednesday, October 7th. Finally, Scotiabank dropped their price target on shares of AT&T from $27.50 to $26.50 and set a “sector perform” rating for the company in a research note on Friday, October 9th. Eleven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $29.05.

AT&T News Roundup

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

• Positive Sentiment: Mexico exit supports U.S. investment: AT&T agreed to sell its Mexican wireless operations to Grupo Televisa and Fintech Holdings for approximately $2 billion. Management plans to redirect resources toward U.S. fiber and 5G, while the transaction should simplify AT&T’s international footprint and provide additional financial flexibility. AT&T Agrees To Exit Its Mexican Wireless Business
• Positive Sentiment: Fiber expansion remains a growth priority: AT&T’s $5.75 billion acquisition of Lumen Technologies’ consumer fiber business adds more than 1 million subscribers and reaches over 4 million locations. The deal could accelerate broadband expansion and strengthen AT&T’s ability to bundle fiber with wireless services. AT&T Does Buying Fiber Create More Value Than Building It?
• Positive Sentiment: AT&T expanded its customer-service guarantee, promising access to an expert within five minutes or a callback, with additional support for customers combining fiber and wireless services. The initiative could aid customer retention, although its direct financial impact is uncertain. AT&T Expands America’s Best Guarantee
• Neutral Sentiment: Construction of AT&T’s planned $1 billion-plus Plano headquarters campus is expected to begin December 1, with completion targeted for March 2029. The project reinforces its corporate presence but represents a substantial long-term capital commitment. AT&T Plano Headquarters Construction Eyed for December 1 Start
• Neutral Sentiment: Investors are awaiting third-quarter results on October 21. Beyond revenue and EPS, attention will likely center on wireless subscribers, broadband growth, cash flow, and management’s outlook. Countdown to AT&T Q3 Earnings
• Negative Sentiment: Bernstein downgraded AT&T to Market Perform amid concerns that SpaceX’s satellite connectivity could increase competitive pressure on traditional wireless operators. The downgrade adds near-term selling pressure ahead of earnings. AT&T Stock Downgraded Over SpaceX

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.