AT&T Inc. $T Shares Sold by Sound Income Strategies LLC

Sound Income Strategies LLC lessened its stake in shares of AT&T Inc. (NYSE:T) by 3.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 860,380 shares of the technology company’s stock after selling 31,378 shares during the quarter. AT&T comprises approximately 1.2% of Sound Income Strategies LLC’s portfolio, making the stock its 17th biggest position. Sound Income Strategies LLC’s holdings in AT&T were worth $22,456,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. J. L. Bainbridge & Co. Inc. increased its stake in shares of AT&T by 1.7% during the second quarter. J. L. Bainbridge & Co. Inc. now owns 21,253 shares of the technology company’s stock worth $615,000 after acquiring an additional 355 shares during the period. Financial & Tax Architects LLC increased its position in AT&T by 4.9% during the 2nd quarter. Financial & Tax Architects LLC now owns 7,588 shares of the technology company’s stock worth $220,000 after purchasing an additional 356 shares during the period. Roberts Glore & Co. Inc. IL raised its stake in shares of AT&T by 2.0% during the 2nd quarter. Roberts Glore & Co. Inc. IL now owns 18,386 shares of the technology company’s stock worth $532,000 after buying an additional 357 shares in the last quarter. Investment Partners LTD. boosted its stake in shares of AT&T by 3.5% in the second quarter. Investment Partners LTD. now owns 10,464 shares of the technology company’s stock valued at $303,000 after buying an additional 357 shares in the last quarter. Finally, Parcion Private Wealth LLC grew its holdings in AT&T by 2.5% during the second quarter. Parcion Private Wealth LLC now owns 14,910 shares of the technology company’s stock worth $431,000 after acquiring an additional 364 shares during the period. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. The Goldman Sachs Group decreased their target price on shares of AT&T from $33.00 to $29.00 and set a “buy” rating on the stock in a research report on Friday. Weiss Ratings reissued a “buy (b)” rating on shares of AT&T in a report on Wednesday, October 8th. Barclays lowered their target price on shares of AT&T from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 23rd. Scotiabank set a $30.25 price target on shares of AT&T and gave the company a “sector perform” rating in a research report on Monday, October 6th. Finally, Wolfe Research lowered AT&T from an “outperform” rating to a “peer perform” rating in a research note on Monday, December 15th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, AT&T presently has an average rating of “Moderate Buy” and an average target price of $30.36.

More AT&T News

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

• Positive Sentiment: AT&T gained roughly $1.3B in annual revenue via December price hikes on wireless and internet plans — a near-term revenue and cash-flow tailwind that supports dividend coverage and debt reduction. AT&T gains $1.3B annual revenue
• Positive Sentiment: Investor commentary argues T is undervalued and positioned for secular growth from 5G, fiber and machine-to-machine/AI-driven demand — a fundamental bullish case that could support multiple expansion if execution continues. AT&T: The ‘Machine Economy’ Is The Real Driver
• Positive Sentiment: Recent market commentary noted a modest uptick in the stock amid a weaker broader market, suggesting short-term buying interest or rotation into yield names. AT&T (T) Rises As Market Takes a Dip
• Neutral Sentiment: Profile piece on AT&T’s CISO highlights executive background and cybersecurity focus — positive for corporate governance/PR but unlikely to move fundamentals on its own. AT&T exec manifested his CISO job
• Neutral Sentiment: Macro market note: week-end market strength mixed with housing softness — broader sentiment could influence cyclical flows into telecom/dividend names but is not AT&T-specific.
• Negative Sentiment: Goldman Sachs cut its price target on T from $33 to $29 while keeping a Buy rating — this reduces analyst-implied upside and may temper momentum among investors who track target changes. Goldman lowers price target
• Negative Sentiment: Two lawmakers raised concerns about EchoStar’s deals to sell spectrum to AT&T and SpaceX — regulatory scrutiny or delays could impede AT&T’s spectrum buildout plans and add execution risk for 5G expansion. Lawmakers raise concerns about Echostar deals
• Negative Sentiment: Ongoing data-breach settlement and claim deadlines (multiple state notices) keep potential legal exposure and reputational risk on the radar — possible cash settlements or litigation costs remain a downside catalyst. Were you affected by an AT&T data breach?

AT&T Stock Down 0.6%

Shares of NYSE T opened at $24.11 on Friday. The firm’s 50-day moving average is $25.22 and its two-hundred day moving average is $27.13. The company has a market capitalization of $170.95 billion, a PE ratio of 7.83, a price-to-earnings-growth ratio of 1.41 and a beta of 0.38. AT&T Inc. has a 12-month low of $21.38 and a 12-month high of $29.79. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.01 and a quick ratio of 0.96.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, October 22nd. The technology company reported $0.54 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.54. AT&T had a net margin of 17.87% and a return on equity of 12.72%. The business had revenue of $30.71 billion during the quarter, compared to analysts’ expectations of $30.85 billion. During the same period last year, the company posted $0.60 EPS. The company’s revenue was up 1.7% on a year-over-year basis. Equities analysts anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Monday, January 12th will be given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Monday, January 12th. AT&T’s dividend payout ratio (DPR) is currently 36.04%.

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.