Neville Rodie & Shaw Inc. Has $316,000 Stake in AT&T Inc. $T

Neville Rodie & Shaw Inc. trimmed its stake in AT&T Inc. (NYSE:T) by 60.9% during the second quarter, Holdings Channel reports. The fund owned 15,250 shares of the technology company’s stock after selling 23,787 shares during the quarter. Neville Rodie & Shaw Inc.’s holdings in AT&T were worth $316,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Hobart Private Capital LLC boosted its position in AT&T by 7.8% during the second quarter. Hobart Private Capital LLC now owns 15,611 shares of the technology company’s stock worth $323,000 after purchasing an additional 1,132 shares during the period. Somerset Trust Co raised its position in shares of AT&T by 8.2% in the second quarter. Somerset Trust Co now owns 68,519 shares of the technology company’s stock valued at $1,418,000 after purchasing an additional 5,198 shares during the period. Cedar Mountain Advisors LLC lifted its stake in shares of AT&T by 27.6% in the second quarter. Cedar Mountain Advisors LLC now owns 9,167 shares of the technology company’s stock worth $190,000 after buying an additional 1,982 shares during the last quarter. CX Institutional boosted its holdings in shares of AT&T by 0.7% during the 2nd quarter. CX Institutional now owns 129,164 shares of the technology company’s stock worth $2,674,000 after buying an additional 895 shares during the period. Finally, Eastern Bank grew its stake in AT&T by 0.6% in the 2nd quarter. Eastern Bank now owns 87,939 shares of the technology company’s stock valued at $1,820,000 after buying an additional 539 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T News Summary

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

• Positive Sentiment: AT&T, Verizon, and T-Mobile jointly enabled Glide.id’s SIM-anchored cryptographic authentication technology, aimed at reducing AI-driven fraud and replacing vulnerable SMS-based logins. The initiative could strengthen the carriers’ role in mobile identity and security services. AT&T Teams Up With Verizon and T-Mobile on Glide.id Security
• Positive Sentiment: Zacks highlighted AT&T (T) as a value-oriented wireless stock that could benefit from long-term 5G adoption and sustained demand for connectivity. This supports the investment case based on AT&T’s relatively low valuation and income characteristics, although it is broad industry commentary rather than a company-specific catalyst. Why AT&T Is a Strong Value Stock
• Neutral Sentiment: AT&T completed the sale of euro- and sterling-denominated global notes, increasing access to European funding markets and supporting liquidity. However, the new debt also adds interest and refinancing obligations to a balance sheet that already carries meaningful leverage. AT&T Boosts European Funding With New Debt Issuance
• Negative Sentiment: SpaceX says Starlink Mobile plans to compete directly for customers of AT&T, Verizon, and T-Mobile. The service currently targets cellular dead zones and outage coverage, but SpaceX intends to develop it into a full wireless carrier. Greater satellite-based competition could pressure AT&T’s subscriber growth, pricing power, and network differentiation over time. SpaceX Says It’s Coming for AT&T, Verizon, and T-Mobile Customers
• Negative Sentiment: A separate industry analysis noted that T-Mobile remains independent after its proposed Deutsche Telekom consolidation fell away, allowing it to keep investing its substantial U.S. cash flow in 5G, broadband, and satellite partnerships. That leaves AT&T facing a well-funded, aggressive rival in the domestic wireless market. T-Mobile’s Strategic Win

AT&T Trading Down 1.1%

Shares of T stock opened at $23.34 on Wednesday. The firm has a fifty day moving average of $22.62 and a 200-day moving average of $25.23. The stock has a market cap of $159.94 billion, a price-to-earnings ratio of 7.73, a P/E/G ratio of 0.96 and a beta of 0.23. AT&T Inc. has a 52-week low of $19.89 and a 52-week high of $29.79. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.93 and a current ratio of 0.97.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, July 22nd. The technology company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.06. The company had revenue of $31.56 billion for the quarter, compared to analyst estimates of $31.80 billion. AT&T had a return on equity of 12.86% and a net margin of 16.94%.The company’s revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.54 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, equities research analysts forecast that AT&T Inc. will post 2.34 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend was Friday, July 10th. AT&T’s dividend payout ratio (DPR) is currently 36.75%.

Analysts Set New Price Targets

T has been the topic of several recent analyst reports. Wells Fargo & Company lifted their target price on shares of AT&T from $18.00 to $20.00 and gave the stock an “underweight” rating in a 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 on the stock in a research note on Wednesday, July 8th. Wolfe Research raised AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price objective for the company in a research report on Thursday, July 23rd. TD Cowen raised their target price on AT&T from $32.00 to $33.00 and gave the company a “hold” rating in a report on Thursday, July 23rd. Finally, BNP Paribas Exane dropped their price target on AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $29.19.

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.