Nwam LLC Reduces Stock Position in AT&T Inc. $T

Nwam LLC cut its holdings in AT&T Inc. (NYSE:T) by 22.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,802 shares of the technology company’s stock after selling 24,408 shares during the period. Nwam LLC’s holdings in AT&T were worth $1,714,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of T. State Street Corp increased its holdings in shares of AT&T by 2.6% in the 4th quarter. State Street Corp now owns 332,089,723 shares of the technology company’s stock valued at $8,249,109,000 after acquiring an additional 8,314,678 shares during the last quarter. Bank of America Corp DE lifted its stake in AT&T by 4.6% during the first quarter. Bank of America Corp DE now owns 125,191,700 shares of the technology company’s stock worth $3,629,307,000 after purchasing an additional 5,449,222 shares during the last quarter. Norges Bank purchased a new stake in AT&T during the fourth quarter worth approximately $2,181,977,000. Bank of New York Mellon Corp boosted its holdings in AT&T by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 75,323,574 shares of the technology company’s stock valued at $1,559,198,000 after purchasing an additional 2,559,065 shares in the last quarter. Finally, GQG Partners LLC purchased a new position in AT&T in the second quarter valued at approximately $1,223,364,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. 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 research report on Monday, July 20th. Oppenheimer lowered shares of AT&T from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 3rd. Wells Fargo & Company boosted their price target on shares of AT&T from $18.00 to $20.00 and gave the company an “underweight” rating in a research report on Thursday, July 23rd. Wolfe Research upgraded 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, Barclays dropped their price objective on AT&T from $26.00 to $24.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $29.19.

Key AT&T News

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

• Positive Sentiment: Investor reaction to AT&T’s CFO transition was reportedly favorable, contributing to a broader rally in several blue-chip stocks after CFO changes. The market may view the move as a potential catalyst for improved execution or capital allocation. CFO Turnover at AT&T, Caterpillar, and Pfizer Sparked Rallies
• Positive Sentiment: AT&T’s operating performance is improving: second-quarter consolidated operating income rose 8.3% year over year to $7.04 billion, while adjusted EBITDA increased 5.2% to $12.34 billion. Growth is being attributed to 5G and fiber scale, cost savings, and bundled services. AT&T Benefits From Margin Expansion
• Positive Sentiment: AT&T is being highlighted as an attractive income stock as investors seek cash flow and dividend yields amid concerns about elevated AI-related valuations. Its post-media strategy centers on fiber expansion and 5G connectivity. Three Stocks for Investors Who Still Believe Cash Is King
• Neutral Sentiment: Analysts remain moderately optimistic, but AT&T has underperformed other telecom-services stocks. The comparison suggests investors may want clearer evidence that its growth and margin improvements can persist. How Is AT&T’s Stock Performance Compared to Telecom Services Stocks
• Neutral Sentiment: AT&T’s valuation and dividend profile remain central to the investment case versus Verizon, with AT&T emphasizing fiber and 5G while Verizon benefits from a larger wireless base and recent fiber acquisitions. Better Telecom Stock: AT&T vs. Verizon Communications
• Negative Sentiment: Although AT&T’s dividend is viewed as more stable after its 2022 payout cut, its safety remains an investor concern. Sustaining the dividend will depend on continued cash-flow growth, disciplined capital spending, and debt management. Is AT&T’s Dividend Finally Safe Again?

AT&T Price Performance

T stock opened at $26.03 on Wednesday. The company has a market capitalization of $178.37 billion, a P/E ratio of 8.62, a PEG ratio of 1.28 and a beta of 0.25. AT&T Inc. has a twelve month low of $19.89 and a twelve month high of $29.79. The business has a 50 day simple moving average of $23.29 and a 200-day simple moving average of $25.19. 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 (NYSE:T) last announced its 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. The business had revenue of $31.56 billion for the quarter, compared to analyst estimates of $31.80 billion. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period last year, the firm posted $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, equities analysts anticipate that AT&T Inc. will post 2.34 EPS for the current year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Friday, July 10th. AT&T’s dividend payout ratio (DPR) is presently 36.75%.

About AT&T

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.