133,802 AT&T Inc. $T Shares Sold by Ledyard National Bank

Ledyard National Bank lessened its position in AT&T Inc. (NYSE:T) by 69.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 58,374 shares of the technology company’s stock after selling 133,802 shares during the quarter. Ledyard National Bank’s holdings in AT&T were worth $1,424,000 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 company. State Street Corp increased its holdings in shares of AT&T by 5.8% during the 2nd quarter. State Street Corp now owns 334,273,613 shares of the technology company’s stock worth $6,919,464,000 after acquiring an additional 18,468,679 shares during the last quarter. Bank of America Corp DE grew its position in shares of AT&T by 4.6% during the 1st quarter. Bank of America Corp DE now owns 125,191,700 shares of the technology company’s stock worth $3,629,307,000 after purchasing an additional 5,449,222 shares in the last quarter. Bank of New York Mellon Corp increased its stake in AT&T by 12.7% during the 1st 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 acquiring an additional 8,197,935 shares during the period. GQG Partners LLC acquired a new position in shares of AT&T in the 2nd quarter valued at approximately $1,223,364,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of AT&T by 2.5% in the 2nd 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 purchasing an additional 1,336,556 shares during the last quarter. 57.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on T shares. Weiss Ratings raised AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 3rd. TD Cowen reissued a “hold” rating and issued a $33.00 price objective on shares of AT&T in a research note on Thursday. Wells Fargo & Company increased their target price on shares of AT&T from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Thursday, July 23rd. JPMorgan Chase & Co. reduced their price objective on AT&T from $33.00 to $31.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, Sanford C. Bernstein cut shares of AT&T from an “outperform” rating to a “market perform” rating and set a $24.00 price objective for the company. in a report on Tuesday, October 13th. Twelve investment 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 data from MarketBeat, AT&T currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.55.

AT&T Price Performance

Shares of NYSE T opened at $22.73 on Friday. The stock has a fifty day simple moving average of $24.86 and a two-hundred day simple moving average of $24.25. AT&T Inc. has a 1-year low of $19.89 and a 1-year high of $29.43. The firm has a market cap of $155.72 billion, a price-to-earnings ratio of 7.52, a price-to-earnings-growth ratio of 1.04 and a beta of 0.25. The company has a current ratio of 0.87, a quick ratio of 0.93 and a debt-to-equity ratio of 1.22.

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 analysts’ consensus estimates of $0.60 by $0.05. The business had revenue of $32.32 billion during the quarter, compared to the consensus estimate of $31.69 billion. AT&T had a return on equity of 13.41% and a net margin of 10.19%. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period last year, the business posted $0.54 earnings per share. Analysts anticipate that AT&T Inc. will post 2.39 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently disclosed 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. This represents a $1.11 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date is Friday, October 9th. AT&T’s payout ratio is currently 36.75%.

Key AT&T News

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

• Positive Sentiment: AT&T reported third-quarter adjusted EPS of $0.65 and revenue of $32.32 billion, exceeding analyst estimates. Revenue increased roughly 5.2% year over year, supported by fiber and wireless growth. AT&T quarterly earnings results
• Positive Sentiment: Record Advanced Connectivity additions included 769,000 internet customers, 442,000 fiber additions and 379,000 postpaid phone additions. Management raised its 2026 adjusted EPS outlook to approximately $2.40 and plans roughly $10 billion in share repurchases. AT&T third-quarter results
• Positive Sentiment: Argus reaffirmed its buy rating with a $30 price target, while JPMorgan and KeyCorp maintained positive ratings despite reducing their targets to $31 and $33, respectively. Analyst ratings
• Neutral Sentiment: AT&T plans to reduce annual capital spending by about $1 billion in 2027–2028 while retaining its goal of reaching more than 60 million fiber locations by 2030. The lower spending supports cash flow but could raise questions about growth investment and fiber execution. AT&T fiber spending strategy
• Negative Sentiment: Investors are concerned that debt reduction is taking longer than expected. Net debt rose following the EchoStar spectrum transaction, and management now expects to return to its targeted net-debt-to-EBITDA range in 2029. A $2.6 billion noncash impairment tied to the Mexico wireless business also weighed on sentiment. AT&T debt and impairment analysis
• Negative Sentiment: Potential competition from SpaceX’s Starlink Mobile service is amplifying concerns about wireless subscriber growth, pricing and the need for additional customer incentives. Fiber introductory promotions are also pressuring pricing. Telecom stocks and Starlink concerns

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.