NewEdge Advisors LLC Increases Position in AT&T Inc. $T

NewEdge Advisors LLC grew its position in shares of AT&T Inc. (NYSE:T) by 2.4% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,145,141 shares of the technology company’s stock after purchasing an additional 50,326 shares during the period. NewEdge Advisors LLC’s holdings in AT&T were worth $62,188,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of T. First Nebraska Trust Co purchased a new stake in AT&T during the first quarter worth about $665,000. Foguth Wealth Management LLC. boosted its stake in shares of AT&T by 54.1% in the first quarter. Foguth Wealth Management LLC. now owns 21,753 shares of the technology company’s stock valued at $631,000 after purchasing an additional 7,635 shares during the period. Financial Solutions Advisory Group Inc. purchased a new position in shares of AT&T in the first quarter valued at approximately $555,000. Asset Dedication LLC grew its holdings in shares of AT&T by 2.3% in the first quarter. Asset Dedication LLC now owns 59,412 shares of the technology company’s stock valued at $1,722,000 after purchasing an additional 1,328 shares in the last quarter. Finally, Cozad Asset Management Inc. grew its holdings in shares of AT&T by 4.9% in the first quarter. Cozad Asset Management Inc. now owns 24,994 shares of the technology company’s stock valued at $725,000 after purchasing an additional 1,175 shares in the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Scotiabank cut their target price on shares of AT&T from $31.00 to $29.25 and set a “sector perform” rating on the stock in a research note on Wednesday, July 15th. Morgan Stanley raised their price target on shares of AT&T from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Wells Fargo & Company upped their price objective on AT&T from $18.00 to $20.00 and gave the stock an “underweight” rating in a research report on Thursday, July 23rd. Weiss Ratings raised AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Finally, The Goldman Sachs Group set a $30.00 price objective on AT&T in a research note on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, AT&T presently has a consensus rating of “Moderate Buy” and an average target price of $29.19.

AT&T Trading Up 2.7%

Shares of NYSE:T opened at $23.68 on Friday. AT&T Inc. has a 52 week low of $19.89 and a 52 week high of $29.79. The company’s 50 day moving average is $22.56 and its two-hundred day moving average is $25.23. The company has a market cap of $162.24 billion, a PE ratio of 7.84, a P/E/G ratio of 0.94 and a beta of 0.23. 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 released its quarterly earnings data on Wednesday, July 22nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.06. The business had revenue of $31.56 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the company earned $0.54 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities analysts predict that AT&T Inc. will post 2.34 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend was Friday, July 10th. AT&T’s payout ratio is 36.75%.

Key Stories Impacting AT&T

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

• Positive Sentiment: Network capacity upgrade: AT&T selected Ericsson to deploy 600 MHz dual-band radios using spectrum acquired from EchoStar. The investment is expected to improve wireless capacity, coverage, reliability and performance nationwide, potentially supporting customer satisfaction and retention. AT&T and Ericsson Enhance Wireless Capacity, Coverage, and Performance Nationwide
• Positive Sentiment: Quantum-computing collaboration: AT&T’s expanded relationship with D-Wave Quantum produced a reported 240-times improvement in a network-optimization application. While the commercial and financial impact is still uncertain, successful deployment could improve AT&T’s operational efficiency and demonstrate new enterprise uses for quantum computing. Will AT&T’s Expanded Quantum Deal Turn D-Wave Into a Scalable Enterprise Player?
• Positive Sentiment: Product expansion: AT&T launched the amiGO Jr. Tab 2, a $4.99-per-month kids’ tablet that runs on its 5G network. The niche product strengthens AT&T’s differentiated device lineup, though its direct effect on revenue is likely modest. AT&T’s Exclusive Kids Device Line Gets an Upgrade
• Negative Sentiment: Competitive pressure from SpaceX: SpaceX plans to combine Starlink satellite connectivity with terrestrial infrastructure to build a broader mobile service. The prospect of direct competition with AT&T, Verizon and T-Mobile pressured telecom stocks and could increase industry pricing, customer-acquisition and capital-spending challenges. SpaceX Plans Terrestrial Mobile Network to Rival AT&T

AT&T Company 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.