AT&T Inc. $T Stock Holdings Lowered by Sound Income Strategies LLC

Sound Income Strategies LLC reduced its holdings in AT&T Inc. (NYSE:T) by 4.8% during the first quarter, Holdings Channel reports. The firm owned 631,067 shares of the technology company’s stock after selling 31,613 shares during the period. Sound Income Strategies LLC’s holdings in AT&T were worth $17,866,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in T. Fairway Wealth LLC acquired a new position in AT&T in the first quarter worth approximately $29,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of AT&T during the 4th quarter valued at $25,000. Rachor Investment Advisory Services LLC acquired a new stake in shares of AT&T during the 4th quarter valued at $25,000. Cresta Advisors Ltd. acquired a new stake in shares of AT&T during the 4th quarter valued at $26,000. Finally, Blueline Advisors LLC bought a new stake in shares of AT&T during the 4th quarter worth $26,000. 57.10% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. KeyCorp lifted their target price on AT&T from $30.00 to $36.00 and gave the stock an “overweight” rating in a report on Wednesday, March 25th. Weiss Ratings downgraded AT&T from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $31.00 price target on shares of AT&T in a research report on Wednesday, May 20th. Citigroup lifted their price target on AT&T from $29.00 to $31.50 and gave the stock a “buy” rating in a research note on Monday, March 23rd. Finally, Oppenheimer downgraded AT&T from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $30.55.

AT&T Trading Up 0.4%

AT&T stock opened at $20.57 on Friday. AT&T Inc. has a 52 week low of $19.89 and a 52 week high of $29.79. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.87 and a current ratio of 0.92. The firm has a market capitalization of $142.89 billion, a price-to-earnings ratio of 6.90, a P/E/G ratio of 0.83 and a beta of 0.24. The company has a 50 day moving average price of $23.99 and a 200 day moving average price of $25.55.

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

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Investors 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 yield of 5.4%. The ex-dividend date of this dividend is Friday, July 10th. AT&T’s payout ratio is presently 37.25%.

Trending Headlines about AT&T

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

• Positive Sentiment: AT&T expanded its Build-A-Plan service, letting customers bundle customized wireless plans with home internet options; the move could boost upselling, simplify customer acquisition, and strengthen competitive positioning. AT&T stock’s bad week just keeps getting worse
• Positive Sentiment: Investor interest has risen, with unusual call-option activity suggesting traders are positioning for a potential rebound or catalyst-driven move in AT&T shares.
• Neutral Sentiment: Several articles highlighted AT&T as a high-yield telecom name and a potential defensive holding for retirees, reinforcing the stock’s appeal as an income play rather than a fast-growth story.
• Negative Sentiment: Shares have been pressured by concerns over SpaceX’s long-term threat to wireless carriers, and at least one analyst downgrade cited that competitive risk as a reason for caution. Oppenheimer downgrades AT&T stock on SpaceX threat
• Negative Sentiment: Market commentary also noted recent weakness in AT&T alongside Verizon as telecom investors digest the possibility of new satellite-based competition.

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.