Jeppson Wealth Management LLC Sells 26,124 Shares of AT&T Inc. $T

Jeppson Wealth Management LLC lessened its stake in shares of AT&T Inc. (NYSE:T) by 13.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 167,671 shares of the technology company’s stock after selling 26,124 shares during the period. AT&T comprises approximately 1.1% of Jeppson Wealth Management LLC’s investment portfolio, making the stock its 18th largest holding. Jeppson Wealth Management LLC’s holdings in AT&T were worth $4,091,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. State Street Corp boosted its holdings in shares of AT&T by 5.8% in the 2nd quarter. State Street Corp now owns 334,273,613 shares of the technology company’s stock valued at $6,919,464,000 after buying an additional 18,468,679 shares during the last quarter. Bank of America Corp DE increased its holdings in AT&T by 4.6% during the first quarter. Bank of America Corp DE now owns 125,191,700 shares of the technology company’s stock worth $3,629,307,000 after buying an additional 5,449,222 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in AT&T by 12.7% during the first quarter. Bank of New York Mellon Corp now owns 72,764,509 shares of the technology company’s stock worth $2,109,443,000 after buying an additional 8,197,935 shares during the last quarter. GQG Partners LLC bought a new stake in AT&T during the second quarter worth $1,223,364,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in AT&T by 2.5% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 55,616,152 shares of the technology company’s stock valued at $1,151,254,000 after acquiring an additional 1,336,556 shares during the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T News Roundup

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

• Positive Sentiment: Wall Street analysts maintain an average price target of approximately $29.05, implying considerable upside from recent levels and signaling that the stock’s valuation and dividend remain attractive to some brokers. AT&T Inc. Stock Has Average Target Price of $29.05 According to Brokerages
• Positive Sentiment: AT&T expanded its customer service guarantee, including a commitment to provide technical support within five minutes or less. The initiative could improve customer satisfaction and retention as the company competes with Verizon and T-Mobile. AT&T expands promises to customers as it trails rivals
• Positive Sentiment: AT&T, the NBA and WNBA launched a fourth-generation High-Speed Arena Network under a multiyear partnership extension. The project reinforces AT&T’s connectivity brand and could support enterprise and venue-networking relationships. AT&T, NBA and WNBA Launch Next-Generation Network
• Neutral Sentiment: Analysts expect third-quarter earnings per share of about $0.60 and revenue of approximately $31.65 billion. Options markets are pricing in an unusually large post-earnings move, highlighting elevated event risk in either direction. Why Is the Options Market Expecting a Major Post-Earnings Reaction?
• Neutral Sentiment: AT&T’s planned $2 billion sale of its Mexico wireless business may simplify operations and provide capital, but investors will watch how proceeds are allocated and whether the transaction affects growth. AT&T Gears Up for Q3 Earnings
• Negative Sentiment: SpaceX’s reported $8 billion spectrum deal has intensified concerns about future competition in wireless services. The development contributed to weakness across major telecom stocks as investors reassessed competitive risks. SpaceX’s Spectrum Deal Hits Telecom Stocks

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. 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. Morgan Stanley raised their target price on shares of AT&T from $27.00 to $28.00 and gave the company an “overweight” rating in a research note on Monday, September 28th. Wells Fargo & Company lifted their price target on AT&T from $18.00 to $20.00 and gave the stock an “underweight” rating in a report on Thursday, July 23rd. Sanford C. Bernstein downgraded AT&T from an “outperform” rating to a “market perform” rating and set a $24.00 price target on the stock. in a research report on Tuesday, October 13th. Finally, 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. Eleven analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, AT&T currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.05.

AT&T Stock Performance

NYSE:T opened at $23.23 on Tuesday. The stock has a 50 day simple moving average of $24.96 and a 200 day simple moving average of $24.37. The stock has a market cap of $159.20 billion, a P/E ratio of 7.69, a PEG ratio of 1.14 and a beta of 0.25. AT&T Inc. has a 1-year low of $19.89 and a 1-year high of $29.43. 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 issued its quarterly earnings data on Wednesday, July 22nd. The technology company reported $0.65 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 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 for the quarter was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.54 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Research analysts anticipate that AT&T Inc. will post 2.33 earnings per share for the current year.

AT&T Announces Dividend

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