Commonwealth Equity Services LLC Sells 146,385 Shares of AT&T Inc. $T

Commonwealth Equity Services LLC trimmed its holdings in AT&T Inc. (NYSE:T) by 5.0% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 2,794,186 shares of the technology company’s stock after selling 146,385 shares during the quarter. Commonwealth Equity Services LLC’s holdings in AT&T were worth $68,178,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Hibernia Wealth Partners LLC increased its holdings in shares of AT&T by 4.5% during the first quarter. Hibernia Wealth Partners LLC now owns 9,105 shares of the technology company’s stock valued at $264,000 after acquiring an additional 392 shares in the last quarter. M.E. Allison & CO. Inc. grew its position in AT&T by 0.5% during the second quarter. M.E. Allison & CO. Inc. now owns 76,978 shares of the technology company’s stock valued at $1,593,000 after buying an additional 397 shares during the period. Accredited Investors Inc. lifted its position in AT&T by 3.5% during the first quarter. Accredited Investors Inc. now owns 11,901 shares of the technology company’s stock valued at $345,000 after purchasing an additional 400 shares in the last quarter. Welch & Forbes LLC increased its holdings in AT&T by 0.3% in the 1st quarter. Welch & Forbes LLC now owns 133,287 shares of the technology company’s stock worth $3,864,000 after acquiring an additional 432 shares in the last quarter. Finally, Bank & Trust Co boosted its holdings in AT&T by 0.9% in the 3rd quarter. Bank & Trust Co now owns 52,105 shares of the technology company’s stock worth $1,271,000 after buying an additional 440 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

T has been the topic of several research reports. Scotiabank reduced their target price on AT&T from $27.50 to $26.50 and set a “sector perform” rating on the stock in a report on Friday, October 9th. Bank of America cut shares of AT&T to an “underperform” rating in a research report on Tuesday, August 4th. Sanford C. Bernstein downgraded shares of AT&T from an “outperform” rating to a “market perform” rating and set a $24.00 price target on the stock. in a research note on Tuesday, October 13th. Daiwa Securities Group dropped their price objective on shares of AT&T from $25.00 to $23.00 and set a “neutral” rating for the company in a research note on Thursday, July 23rd. Finally, Moffett Nathanson reduced their price objective on AT&T from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 22nd. Twelve equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, AT&T currently has a consensus rating of “Hold” and an average target price of $27.56.

Key Stories Impacting AT&T

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 Stock Down 0.9%

T stock traded down $0.21 during trading on Friday, reaching $21.61. 40,034,569 shares of the company traded hands, compared to its average volume of 57,463,700. The business has a 50 day simple moving average of $23.96 and a 200 day simple moving average of $24.91. AT&T Inc. has a 12 month low of $19.89 and a 12 month high of $29.43. 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 capitalization of $145.60 billion, a price-to-earnings ratio of 11.68, a price-to-earnings-growth ratio of 1.06 and a beta of 0.30.

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, topping analysts’ consensus estimates of $0.60 by $0.05. The business had revenue of $32.32 billion for the quarter, compared to analyst estimates of $31.69 billion. AT&T had a return on equity of 13.41% and a net margin of 10.19%. The company’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.54 earnings per share. On average, equities research analysts anticipate that AT&T Inc. will post 2.39 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 2nd. Investors of record on Monday, October 12th were given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 5.1%. The ex-dividend date was Friday, October 9th. AT&T’s dividend payout ratio is 60.00%.

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.