Professional Advisory Services Inc. Lowers Stock Holdings in AT&T Inc. $T

Professional Advisory Services Inc. cut its stake in AT&T Inc. (NYSE:T) by 4.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 954,616 shares of the technology company’s stock after selling 46,496 shares during the period. AT&T comprises approximately 2.7% of Professional Advisory Services Inc.’s holdings, making the stock its 17th largest holding. Professional Advisory Services Inc.’s holdings in AT&T were worth $23,293,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of T. Hamilton Capital LLC acquired a new position in AT&T in the third quarter worth $243,000. Independence Financial Advisors LLC acquired a new position in AT&T during the 3rd quarter worth about $215,000. Farther Finance Advisors LLC raised its stake in shares of AT&T by 29.9% in the third quarter. Farther Finance Advisors LLC now owns 495,838 shares of the technology company’s stock worth $12,098,000 after acquiring an additional 114,056 shares during the last quarter. CoreCap Advisors LLC lifted its position in shares of AT&T by 4.3% during the third quarter. CoreCap Advisors LLC now owns 73,446 shares of the technology company’s stock worth $1,792,000 after purchasing an additional 2,998 shares in the last quarter. Finally, Apeiron RIA LLC bought a new stake in shares of AT&T during the third quarter valued at approximately $895,000. Institutional investors own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on T. 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 report on Thursday, July 23rd. Royal Bank Of Canada dropped their price target on shares of AT&T from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Monday, July 20th. Argus lowered their target price on shares of AT&T from $33.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. Sanford C. Bernstein reissued an “outperform” rating and issued a $25.00 price target on shares of AT&T in a research note on Monday, July 13th. Finally, BNP Paribas Exane raised AT&T from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $26.00 to $30.00 in a research note on Monday, September 21st. Twelve equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $29.16.

Key Headlines Impacting AT&T

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

• Positive Sentiment: AT&T’s fiber joint venture with Global Infrastructure Partners and CPP Investments is viewed as a potential growth and balance-sheet catalyst. The platform is targeting more than 60 million locations by 2030, with AT&T retaining 50% ownership; expected cash proceeds could support debt reduction, network investment and shareholder returns. Is AT&T Still Undervalued As Its New Fiber Venture Expands Reach?
• Positive Sentiment: Unusually heavy call-option activity indicates that some traders are positioning for a rebound or further volatility, although options volume does not guarantee an improvement in the stock price.
• Neutral Sentiment: AT&T customers are receiving unexpected password-change alerts. Reports suggest customers should not panic yet, but the incident could increase scrutiny of the company’s account-security practices if it reflects a broader problem. AT&T Customers Are Getting Surprise Password Change Alerts
• Negative Sentiment: The FCC reportedly gave SpaceX a path to provide satellite-to-phone connectivity using spectrum acquired in a deal involving EchoStar. Investors viewed the move as a direct competitive threat to AT&T, Verizon and T-Mobile because SpaceX could extend mobile coverage without relying as heavily on traditional carrier networks. SpaceX Deal to Acquire Spectrum License Hammers Wireless Carrier Shares
• Negative Sentiment: Investors are also weighing the upcoming ex-dividend timing and elevated Treasury yields. Higher bond yields can make AT&T’s income-oriented shares less attractive, while the dividend adjustment can create mechanical selling pressure ahead of the October 12 record date. The next major operating catalyst is AT&T’s third-quarter earnings report, scheduled for October 21. AT&T Slides as Investors Weigh Ex-Dividend Timing and Rate Pressure
• Negative Sentiment: A court-approved $177 million data-breach settlement creates a financial and reputational overhang, although the direct cost appears modest relative to AT&T’s overall scale. AT&T’s $177 Million Data Breach Settlement Approved

AT&T Trading Up 1.6%

NYSE:T traded up $0.40 on Thursday, reaching $24.86. The company’s stock had a trading volume of 52,713,376 shares, compared to its average volume of 47,985,754. AT&T Inc. has a 1-year low of $19.89 and a 1-year high of $29.43. The business’s 50-day moving average price is $25.05 and its two-hundred day moving average price is $24.66. The firm has a market cap of $170.38 billion, a PE ratio of 8.23, a PEG ratio of 1.22 and a beta of 0.25. 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 issued 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 company had revenue of $31.56 billion during the quarter, compared to the consensus estimate of $31.80 billion. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The firm’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities research analysts anticipate that AT&T Inc. will post 2.33 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Monday, October 12th will be given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Friday, October 9th. AT&T’s dividend payout ratio is currently 36.75%.

About AT&T

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.