AT&T Inc. $T Holdings Reduced by Sterling Capital Management LLC

Sterling Capital Management LLC trimmed its stake in AT&T Inc. (NYSE:T) by 8.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 384,513 shares of the technology company’s stock after selling 35,257 shares during the period. Sterling Capital Management LLC’s holdings in AT&T were worth $9,382,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in T. State Street Corp grew its position in AT&T by 5.8% during 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. Bank of America Corp DE raised its holdings in AT&T by 4.6% in the 1st quarter. Bank of America Corp DE now owns 125,191,700 shares of the technology company’s stock valued at $3,629,307,000 after acquiring an additional 5,449,222 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of AT&T by 12.7% in the 1st quarter. Bank of New York Mellon Corp now owns 72,764,509 shares of the technology company’s stock worth $2,109,443,000 after acquiring an additional 8,197,935 shares during the period. GQG Partners LLC bought a new position in AT&T in the second quarter worth $1,223,364,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in AT&T by 2.5% in the second 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 period. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analyst Ratings Changes

T has been the subject of a number of analyst reports. Royal Bank Of Canada reduced their price objective on shares of AT&T from $31.00 to $27.00 and set an “outperform” rating for the company in a report on Monday, July 20th. 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 report on Friday, October 9th. BNP Paribas Exane upgraded shares of AT&T from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $26.00 to $30.00 in a research note on Monday, September 21st. Wells Fargo & Company raised their price target on shares of AT&T from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Thursday, July 23rd. Finally, Wolfe Research upgraded AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price objective on the stock in a research note on Thursday, July 23rd. Twelve equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, AT&T has an average rating of “Moderate Buy” and an average target price of $28.55.

AT&T Price Performance

NYSE:T traded down $1.77 during mid-day trading on Friday, reaching $20.96. 99,657,364 shares of the company were exchanged, compared to its average volume of 47,801,004. The company has a quick ratio of 0.93, a current ratio of 0.87 and a debt-to-equity ratio of 1.22. The stock has a market cap of $141.23 billion, a PE ratio of 11.33, a PEG ratio of 1.14 and a beta of 0.25. AT&T Inc. has a 12 month low of $19.89 and a 12 month high of $29.43. The company has a fifty day moving average of $24.78 and a 200 day moving average of $24.23.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, October 21st. The technology company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.05. AT&T had a net margin of 10.19% and a return on equity of 13.41%. The business had revenue of $32.32 billion during the quarter, compared to analyst estimates of $31.69 billion. During the same quarter last year, the business posted $0.54 earnings per share. AT&T’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, research analysts anticipate that AT&T Inc. will post 2.38 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Monday, October 12th will be paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend is Friday, October 9th. AT&T’s dividend payout ratio is 36.75%.

Key Headlines Impacting AT&T

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

• Positive Sentiment: AT&T reported third-quarter adjusted earnings of $0.65 per share and revenue of $32.32 billion, exceeding consensus estimates of $0.60 and $31.69 billion, respectively. Revenue increased roughly 5% year over year. AT&T Stock Sinks on Subscriber and SpaceX Worries
• Positive Sentiment: Analysts continue to see long-term value in the stock. Argus reaffirmed a Buy rating with a $30 price target, while JPMorgan maintained an Overweight rating at $31; Erste Group also modestly raised its 2026 EPS estimate to $2.35. Argus AT&T rating
• Neutral Sentiment: Citi estimates that SpaceX’s Starlink wireless service may not launch nationally until 2029 or later, but reported talks to secure access to as many as 80,000 U.S. cell sites could accelerate the competitive timeline. Starlink Is Years Away From Competing With AT&T
• Negative Sentiment: SpaceX’s potential entry as a fourth nationwide wireless carrier raised fears of greater pricing pressure, subscriber losses and higher network costs for AT&T, Verizon and T-Mobile. Tower operators benefited because SpaceX may become a major tenant, while telecom carriers sold off. AT&T Slides on SpaceX Cell-Site Talks
• Negative Sentiment: Investors also remain concerned about AT&T’s subscriber trends, elevated leverage and margin pressure. The company’s plan to reduce planned capital spending by roughly $1 billion in 2027–28 while maintaining its 2030 fiber goal may support cash flow, but introductory pricing could weigh on fiber economics. AT&T Q3 Earnings Call and Fiber Strategy

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.