Generali Asset Management SPA SGR Sells 59,004 Shares of AT&T Inc. $T

Generali Asset Management SPA SGR lessened its position in AT&T Inc. (NYSE:T) by 13.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 386,305 shares of the technology company’s stock after selling 59,004 shares during the period. Generali Asset Management SPA SGR’s holdings in AT&T were worth $9,426,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the business. Robinswood Financial LLC acquired a new stake in AT&T during the 1st quarter worth approximately $29,000. Orion Capital Management LLC bought a new stake in AT&T during the 2nd quarter worth about $26,000. Addison Advisors LLC acquired a new position in AT&T during the second quarter valued at approximately $27,000. North Point Portfolio Managers Corp OH acquired a new stake in shares of AT&T in the 3rd quarter valued at approximately $34,000. Finally, Matrix Trust Co lifted its stake in AT&T by 331.8% in the second quarter. Matrix Trust Co now owns 1,494 shares of the technology company’s stock valued at $31,000 after acquiring an additional 1,148 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors.

Key AT&T News

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

• Positive Sentiment: Several analysts and financial commentators view AT&T as inexpensive relative to its earnings outlook. Supportive factors include continued customer additions, network investment, portfolio reshaping, buybacks and an approximately 5% dividend yield. One bullish analysis argues that Starlink Mobile is primarily a longer-term threat and maintains a $24 price target. AT&T Stock Looks Cheap Relative To Its Earnings Outlook AT&T: The SpaceX Panic Is A Gift
• Positive Sentiment: AT&T’s dividend remains a key attraction compared with the broader market, although investors are comparing its yield and sustainability with Verizon’s. The company’s prior quarterly results also showed earnings and revenue above consensus, with revenue up year over year. AT&T vs. Verizon: Which Telecom Stock Offers a Better Dividend?
• Neutral Sentiment: AT&T executives discussed dual listings and the development of Texas capital markets. The discussion could improve investor visibility over time but does not represent a material change to earnings or guidance. NYSE Texas President and AT&T on Dual Listings
• Negative Sentiment: Reports that eligible customers may receive as much as $5,000 to $7,500 in settlements tied to AT&T’s 2024 data breaches keep litigation and potential financial liabilities in focus. The reports primarily concern claim eligibility and payment timing, but the continuing publicity adds reputational and legal overhang. AT&T Customers Could Receive Up to $5,000 in Data Breach Settlement Case
• Negative Sentiment: Investor commentary continues to question whether SpaceX’s Starlink Mobile could intensify wireless competition and pressure pricing, customer retention and long-term dividend coverage. Other bearish commentary also highlights broader operational risks, contributing to caution around the stock. Is AT&T Stock a Great Dividend Investment or a Value Trap?

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on T shares. Sanford C. Bernstein cut shares of AT&T from an “outperform” rating to a “market perform” rating and set a $24.00 target price on the stock. in a report on Tuesday, October 13th. Weiss Ratings upgraded shares of AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 3rd. Scotiabank reduced their price target on AT&T from $27.50 to $26.50 and set a “sector perform” rating for the company in a report on Friday, October 9th. Morgan Stanley lowered their price target on AT&T from $28.00 to $25.00 and set an “overweight” rating on the stock in a research report on Thursday, October 22nd. Finally, Barclays decreased their target price on AT&T from $24.00 to $21.00 and set an “equal weight” rating on the stock in a report on Thursday, October 22nd. Twelve analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, AT&T presently has an average rating of “Moderate Buy” and an average target price of $28.55.

AT&T Stock Down 1.2%

NYSE T opened at $20.70 on Thursday. The company has a 50 day moving average of $24.52 and a 200-day moving average of $24.99. The company has a market cap of $139.41 billion, a price-to-earnings ratio of 11.19, a PEG ratio of 1.04 and a beta of 0.25. The company has a current ratio of 0.87, a quick ratio of 0.82 and a debt-to-equity ratio of 1.22. AT&T Inc. has a 1-year low of $19.89 and a 1-year high of $29.43.

AT&T (NYSE:T) last released its earnings results on Wednesday, October 21st. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.05. The company 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%. AT&T’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.54 EPS. On average, equities research analysts expect that AT&T Inc. will post 2.39 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Monday, October 12th will be issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend is Friday, October 9th. AT&T’s dividend payout ratio (DPR) is currently 60.00%.

AT&T 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.