Professional Advisory Services Inc. Sells 46,496 Shares of AT&T Inc. $T

Professional Advisory Services Inc. reduced its position in shares of AT&T Inc. (NYSE:T) by 4.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 954,616 shares of the technology company’s stock after selling 46,496 shares during the quarter. AT&T accounts for 2.7% of Professional Advisory Services Inc.’s investment portfolio, making the stock its 17th biggest holding. Professional Advisory Services Inc.’s holdings in AT&T were worth $23,293,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in T. Hamilton Capital LLC bought a new position in AT&T during the 3rd quarter worth $243,000. Independence Financial Advisors LLC bought a new position in AT&T during the 3rd quarter worth $215,000. Farther Finance Advisors LLC lifted its position in shares of AT&T by 29.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 495,838 shares of the technology company’s stock valued at $12,098,000 after acquiring an additional 114,056 shares during the period. CoreCap Advisors LLC grew its holdings in shares of AT&T by 4.3% during the 3rd quarter. CoreCap Advisors LLC now owns 73,446 shares of the technology company’s stock worth $1,792,000 after purchasing an additional 2,998 shares in the last quarter. Finally, Apeiron RIA LLC acquired a new position in AT&T in the third quarter valued at about $895,000. 57.10% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting AT&T

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

• Positive Sentiment: AT&T’s fiber joint venture with Global Infrastructure Partners and CPP Investments is viewed as a potential growth and balance-sheet catalyst. The platform is targeting more than 60 million locations by 2030, with AT&T retaining 50% ownership; expected cash proceeds could support debt reduction, network investment and shareholder returns. Is AT&T Still Undervalued As Its New Fiber Venture Expands Reach?
• Positive Sentiment: Unusually heavy call-option activity indicates that some traders are positioning for a rebound or further volatility, although options volume does not guarantee an improvement in the stock price.
• Neutral Sentiment: AT&T customers are receiving unexpected password-change alerts. Reports suggest customers should not panic yet, but the incident could increase scrutiny of the company’s account-security practices if it reflects a broader problem. AT&T Customers Are Getting Surprise Password Change Alerts
• Negative Sentiment: The FCC reportedly gave SpaceX a path to provide satellite-to-phone connectivity using spectrum acquired in a deal involving EchoStar. Investors viewed the move as a direct competitive threat to AT&T, Verizon and T-Mobile because SpaceX could extend mobile coverage without relying as heavily on traditional carrier networks. SpaceX Deal to Acquire Spectrum License Hammers Wireless Carrier Shares
• Negative Sentiment: Investors are also weighing the upcoming ex-dividend timing and elevated Treasury yields. Higher bond yields can make AT&T’s income-oriented shares less attractive, while the dividend adjustment can create mechanical selling pressure ahead of the October 12 record date. The next major operating catalyst is AT&T’s third-quarter earnings report, scheduled for October 21. AT&T Slides as Investors Weigh Ex-Dividend Timing and Rate Pressure
• Negative Sentiment: A court-approved $177 million data-breach settlement creates a financial and reputational overhang, although the direct cost appears modest relative to AT&T’s overall scale. AT&T’s $177 Million Data Breach Settlement Approved

Analysts Set New Price Targets

A number of brokerages have recently weighed in on T. Argus cut their price target on shares of AT&T from $33.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. Barclays dropped their price objective 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. Scotiabank lowered their target price on AT&T from $29.25 to $27.50 and set a “sector perform” rating for the company in a research note on Friday, October 2nd. Wolfe Research raised shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price objective for the company in a research note on Thursday, July 23rd. Finally, The Goldman Sachs Group set a $30.00 price target on shares of AT&T in a report on Wednesday, July 22nd. Twelve investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $29.16.

AT&T Trading Up 1.6%

T stock traded up $0.40 during trading on Thursday, hitting $24.86. The company had a trading volume of 52,713,376 shares, compared to its average volume of 47,985,754. The stock has a market cap of $170.38 billion, a PE ratio of 8.23, a PEG ratio of 1.22 and a beta of 0.25. The business has a 50-day moving average of $25.05 and a 200-day moving average of $24.66. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06. AT&T Inc. has a one year low of $19.89 and a one year high of $29.43.

AT&T (NYSE:T) last issued its quarterly earnings results 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. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The firm had revenue of $31.56 billion for the quarter, compared to the consensus estimate of $31.80 billion. During the same quarter in the previous year, the company earned $0.54 EPS. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Research analysts predict that AT&T Inc. will post 2.33 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Monday, October 12th will be paid 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 is Friday, October 9th. AT&T’s payout ratio is currently 36.75%.

AT&T 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.