AT&T Inc. $T Stock: Griffith & Werner Inc. Raises Stake

Griffith & Werner Inc. lifted its stake in AT&T Inc. (NYSE:T) by 13.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 301,669 shares of the technology company’s stock after purchasing an additional 35,282 shares during the quarter. AT&T accounts for approximately 2.4% of Griffith & Werner Inc.’s holdings, making the stock its 14th biggest position. Griffith & Werner Inc.’s holdings in AT&T were worth $7,361,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of T. Bank of America Corp DE bought a new stake in AT&T during the 2nd quarter valued at about $2,310,898,000. GQG Partners LLC purchased a new position in AT&T in the second quarter worth about $1,223,364,000. Legal & General Group Plc bought a new position in shares of AT&T in the second quarter worth approximately $960,695,000. State Street Corp lifted its stake in shares of AT&T by 5.8% in the second quarter. State Street Corp now owns 334,273,613 shares of the technology company’s stock worth $6,919,464,000 after buying an additional 18,468,679 shares in the last quarter. Finally, Nykredit A S bought a new position in shares of AT&T in the second quarter worth approximately $259,954,000. Institutional investors own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

T has been the subject of several analyst reports. Citigroup reduced their price target on shares of AT&T from $31.50 to $28.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. The Goldman Sachs Group set a $27.00 price objective on shares of AT&T in a report on Wednesday, October 21st. Deutsche Bank Aktiengesellschaft lowered their price objective on AT&T from $32.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, October 27th. BNP Paribas Exane upgraded AT&T from a “neutral” rating to an “outperform” rating and increased their target price for the company from $26.00 to $30.00 in a research note on Monday, September 21st. Finally, Sanford C. Bernstein downgraded AT&T from an “outperform” rating to a “market perform” rating and set a $24.00 target price on the stock. in a research note on Tuesday, October 13th. Twelve analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, AT&T presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.56.

AT&T Stock Down 0.1%

T stock opened at $21.61 on Monday. AT&T Inc. has a fifty-two week low of $19.89 and a fifty-two week high of $29.43. The business’s 50-day moving average is $23.96 and its two-hundred day moving average is $24.91. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.82 and a current ratio of 0.87. The company has a market cap of $145.60 billion, a price-to-earnings ratio of 11.68, a P/E/G ratio of 1.07 and a beta of 0.30.

AT&T (NYSE:T) last announced its earnings results on Wednesday, October 21st. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.05. The business had revenue of $32.32 billion for the quarter, compared to analysts’ expectations of $31.69 billion. AT&T had a return on equity of 13.41% and a net margin of 10.19%. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period last year, the firm posted $0.54 earnings per share. As a group, analysts forecast that AT&T Inc. will post 2.39 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 2nd. Investors of record on Monday, October 12th were issued a $0.2775 dividend. The ex-dividend date of this dividend was Friday, October 9th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.1%. AT&T’s dividend payout ratio (DPR) is presently 60.00%.

AT&T News Summary

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

• Positive Sentiment: AT&T and AST SpaceMobile completed what AT&T describes as the first successful handoff between a terrestrial cellular network and a direct-to-device satellite connection using standard smartphones. The technology could eventually help extend coverage beyond traditional network reach, though the reports do not indicate near-term revenue impact. Article: Is AT&T Undervalued As Its Satellite Handoff Opens A New Coverage Question?
• Neutral Sentiment: AT&T plans to move all consumer-facing customer support to U.S.-based operations by 2027 and use AI to assist agents and automate routine inquiries. The change may improve service or align with policy trends, but its cost and financial effects are not specified. Article: AT&T Sets 2027 Deadline For All U.S. Based Consumer Support
• Negative Sentiment: A Zacks analysis says AT&T shares have fallen 11.8% over the past year, lagging the wireless industry and broader market benchmarks despite fiber and wireless growth. It cites rising debt and competitive pressures as concerns that could offset the stock’s valuation appeal. Article: AT&T Stock Falls 11.8% in a Year: Should You Buy the Dip?
• Negative Sentiment: A dividend-stock comparison puts Verizon’s yield at 6.1% and AT&T’s below that, which may make AT&T less appealing to investors focused mainly on income. Separately, an article on dividend safety notes that debt refinancing at higher rates can compete with cash available for dividends; the supplied summary does not specify AT&T’s individual risk assessment. Article: Better Dividend Stock: Verizon vs. AT&T

AT&T Company Profile

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.