32,897 Shares of AT&T Inc. $T Acquired by Fortress Financial Solutions LLC

Fortress Financial Solutions LLC acquired a new stake in shares of AT&T Inc. (NYSE:T) during the third quarter, HoldingsChannel reports. The fund acquired 32,897 shares of the technology company’s stock, valued at approximately $803,000.

Other hedge funds also recently bought and sold shares of the company. IFM Investors Pty Ltd increased its holdings in shares of AT&T by 5.3% in the first quarter. IFM Investors Pty Ltd now owns 1,488,172 shares of the technology company’s stock worth $43,142,000 after buying an additional 74,684 shares during the period. Parr Mcknight Wealth Management Group LLC bought a new stake in shares of AT&T in the 1st quarter valued at about $2,901,000. Sound Income Strategies LLC lifted its stake in shares of AT&T by 19.8% in the 3rd quarter. Sound Income Strategies LLC now owns 754,818 shares of the technology company’s stock valued at $18,772,000 after acquiring an additional 124,997 shares during the last quarter. Orographic Financial Advisors LLC purchased a new stake in AT&T during the 1st quarter valued at about $3,449,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. boosted its holdings in AT&T by 34.5% during the 2nd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 1,075,110 shares of the technology company’s stock valued at $22,255,000 after acquiring an additional 275,985 shares during the period. Institutional investors own 57.10% of the company’s stock.

AT&T News Roundup

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

• Positive Sentiment: AT&T agreed to sell its Mexican wireless business to a consortium of Grupo Televisa and Fintech Holdings for $2 billion in cash, plus potential contractual and contingent benefits. The transaction is expected to close in the first quarter of 2027, subject to regulatory approval, and should allow AT&T to concentrate capital on U.S. fiber and 5G expansion. AT&T to Sell AT&T Mexico to Grupo Televisa and Fintech Holdings
• Positive Sentiment: Analysts and earnings previews point to potential earnings growth and a possible consensus-beating quarterly report. AT&T previously exceeded EPS expectations, and the company’s full-year 2026 guidance remains $2.25 to $2.35 per share, supporting the investment case at a low valuation multiple. AT&T Earnings Expected to Grow
• Positive Sentiment: The Mexico divestiture reinforces management’s changing priorities: rather than emphasizing debt reduction alone, AT&T is increasingly highlighting focused capital allocation and investment in its U.S. connectivity businesses. The stock trades at roughly 7.4 times earnings versus about 22.5 times for the S&P 500, which may attract value and income investors. Why You Should Think About AT&T Differently Now?
• Neutral Sentiment: A court approved a $177 million settlement covering two 2024 AT&T data breaches. The payment creates a legal cost and reputational overhang, although the settlement resolves the associated claims. AT&T Settlement Payout
• Negative Sentiment: Bernstein downgraded AT&T and reduced telecom-sector price targets, citing potential disruption from SpaceX’s expanding wireless ambitions. Competitive pressure could challenge subscriber growth and pricing across the industry. AT&T Stock Rises Despite a Downgrade on SpaceX Competition

Analysts Set New Price Targets

T has been the topic of several recent research reports. Wall Street Zen upgraded AT&T from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. The Goldman Sachs Group set a $30.00 price target on AT&T in a research note on Wednesday, July 22nd. Wells Fargo & Company boosted their price objective on AT&T from $18.00 to $20.00 and gave the company an “underweight” rating in a research report on Thursday, July 23rd. Barclays dropped their price objective on AT&T from $26.00 to $24.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 8th. Finally, TD Cowen increased their price objective on AT&T from $32.00 to $33.00 and gave the company a “hold” rating in a research note on Thursday, July 23rd. Eleven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, AT&T has an average rating of “Moderate Buy” and a consensus target price of $29.05.

AT&T Trading Up 0.9%

AT&T stock traded up $0.22 during trading hours on Wednesday, reaching $23.07. The stock had a trading volume of 57,736,876 shares, compared to its average volume of 48,580,367. The stock has a market cap of $158.06 billion, a PE ratio of 7.64, a PEG ratio of 1.12 and a beta of 0.25. AT&T Inc. has a 52 week low of $19.89 and a 52 week high of $29.43. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.97 and a quick ratio of 0.93. The company has a fifty day simple moving average of $24.99 and a 200-day simple moving average of $24.53.

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, beating analysts’ consensus estimates of $0.59 by $0.06. The firm had revenue of $31.56 billion for 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% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Analysts forecast that AT&T Inc. will post 2.33 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Monday, October 12th will be paid a $0.2775 dividend. The ex-dividend date of this dividend is Friday, October 9th. This represents a $1.11 annualized dividend and a dividend yield of 4.8%. AT&T’s dividend payout ratio (DPR) is presently 36.75%.

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.