GAMMA Investing LLC reduced its stake in shares of AT&T Inc. (NYSE:T – Free Report) by 13.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 191,694 shares of the technology company’s stock after selling 30,152 shares during the quarter. GAMMA Investing LLC’s holdings in AT&T were worth $3,968,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Rachor Investment Advisory Services LLC acquired a new position in AT&T during the 4th quarter worth $25,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of AT&T in the 4th quarter valued at $25,000. Cresta Advisors Ltd. acquired a new stake in shares of AT&T in the 4th quarter valued at $26,000. Blueline Advisors LLC bought a new stake in shares of AT&T during the fourth quarter worth $26,000. Finally, Winnow Wealth LLC raised 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 worth $26,000 after acquiring an additional 820 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.
Analysts Set New Price Targets
T has been the topic of several research reports. The Goldman Sachs Group set a $30.00 price target on AT&T in a research note on Wednesday, July 22nd. Sanford C. Bernstein reissued an “outperform” rating and set a $25.00 price objective on shares of AT&T in a report on Monday, July 13th. Weiss Ratings cut AT&T from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, July 20th. TD Cowen upped their target price on shares of AT&T from $32.00 to $33.00 and gave the company a “hold” rating in a research report on Thursday, July 23rd. Finally, BNP Paribas Exane reduced their target price on shares of AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, AT&T presently has an average rating of “Moderate Buy” and an average price target of $29.19.
Key Stories Impacting AT&T
Here are the key news stories impacting AT&T this week:
- Positive Sentiment: AT&T, Verizon, and T-Mobile jointly enabled Glide.id’s SIM-anchored cryptographic authentication technology, aimed at reducing AI-driven fraud and replacing vulnerable SMS-based logins. The initiative could strengthen the carriers’ role in mobile identity and security services. AT&T Teams Up With Verizon and T-Mobile on Glide.id Security
- Positive Sentiment: Zacks highlighted AT&T (T) as a value-oriented wireless stock that could benefit from long-term 5G adoption and sustained demand for connectivity. This supports the investment case based on AT&T’s relatively low valuation and income characteristics, although it is broad industry commentary rather than a company-specific catalyst. Why AT&T Is a Strong Value Stock
- Neutral Sentiment: AT&T completed the sale of euro- and sterling-denominated global notes, increasing access to European funding markets and supporting liquidity. However, the new debt also adds interest and refinancing obligations to a balance sheet that already carries meaningful leverage. AT&T Boosts European Funding With New Debt Issuance
- Negative Sentiment: SpaceX says Starlink Mobile plans to compete directly for customers of AT&T, Verizon, and T-Mobile. The service currently targets cellular dead zones and outage coverage, but SpaceX intends to develop it into a full wireless carrier. Greater satellite-based competition could pressure AT&T’s subscriber growth, pricing power, and network differentiation over time. SpaceX Says It’s Coming for AT&T, Verizon, and T-Mobile Customers
- Negative Sentiment: A separate industry analysis noted that T-Mobile remains independent after its proposed Deutsche Telekom consolidation fell away, allowing it to keep investing its substantial U.S. cash flow in 5G, broadband, and satellite partnerships. That leaves AT&T facing a well-funded, aggressive rival in the domestic wireless market. T-Mobile’s Strategic Win
AT&T Stock Performance
T stock opened at $23.34 on Wednesday. AT&T Inc. has a twelve month low of $19.89 and a twelve month high of $29.79. 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 $159.94 billion, a P/E ratio of 7.73, a price-to-earnings-growth ratio of 0.96 and a beta of 0.23. The business’s fifty day moving average is $22.62 and its 200-day moving average is $25.23.
AT&T (NYSE:T – Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The technology company reported $0.65 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 analysts’ expectations of $31.80 billion. AT&T had a return on equity of 12.86% and a net margin of 16.94%.The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities research analysts forecast that AT&T Inc. will post 2.34 EPS for the current year.
AT&T Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were issued a dividend of $0.2775 per share. The ex-dividend date was Friday, July 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.8%. AT&T’s dividend payout ratio (DPR) is 36.75%.
AT&T Company 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.
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