76,483 AT&T Inc. $T Shares Purchased by Kestra Advisory Services LLC

Kestra Advisory Services LLC grew its position in shares of AT&T Inc. (NYSE:T) by 5.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,446,582 shares of the technology company’s stock after acquiring an additional 76,483 shares during the period. Kestra Advisory Services LLC’s holdings in AT&T were worth $35,297,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Orion Capital Management LLC purchased a new position in shares of AT&T during the second quarter valued at approximately $26,000. Addison Advisors LLC bought a new position in shares of AT&T during the second quarter valued at approximately $27,000. Robinswood Financial LLC purchased a new stake in AT&T in the first quarter worth $29,000. Matrix Trust Co raised its holdings in AT&T by 331.8% in the 2nd quarter. Matrix Trust Co now owns 1,494 shares of the technology company’s stock worth $31,000 after purchasing an additional 1,148 shares in the last quarter. Finally, North Point Portfolio Managers Corp OH bought a new position in AT&T in the 3rd quarter worth $34,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about AT&T

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

• Positive Sentiment: AT&T and AST SpaceMobile completed what AT&T describes as the first successful handoff between a terrestrial cellular network and a direct-to-device satellite connection using standard smartphones. The technology could eventually help extend coverage beyond traditional network reach, though the reports do not indicate near-term revenue impact. Article: Is AT&T Undervalued As Its Satellite Handoff Opens A New Coverage Question?
• Neutral Sentiment: AT&T plans to move all consumer-facing customer support to U.S.-based operations by 2027 and use AI to assist agents and automate routine inquiries. The change may improve service or align with policy trends, but its cost and financial effects are not specified. Article: AT&T Sets 2027 Deadline For All U.S. Based Consumer Support
• Negative Sentiment: A Zacks analysis says AT&T shares have fallen 11.8% over the past year, lagging the wireless industry and broader market benchmarks despite fiber and wireless growth. It cites rising debt and competitive pressures as concerns that could offset the stock’s valuation appeal. Article: AT&T Stock Falls 11.8% in a Year: Should You Buy the Dip?
• Negative Sentiment: A dividend-stock comparison puts Verizon’s yield at 6.1% and AT&T’s below that, which may make AT&T less appealing to investors focused mainly on income. Separately, an article on dividend safety notes that debt refinancing at higher rates can compete with cash available for dividends; the supplied summary does not specify AT&T’s individual risk assessment. Article: Better Dividend Stock: Verizon vs. AT&T

AT&T Stock Down 0.9%

AT&T stock traded down $0.21 during mid-day trading on Friday, hitting $21.61. The company had a trading volume of 40,034,569 shares, compared to its average volume of 57,463,700. The company has a current ratio of 0.87, a quick ratio of 0.82 and a debt-to-equity ratio of 1.22. The stock’s 50 day moving average price is $23.96 and its two-hundred day moving average price is $24.91. AT&T Inc. has a 12 month low of $19.89 and a 12 month high of $29.43. The company has a market capitalization of $145.60 billion, a PE ratio of 11.68, a price-to-earnings-growth ratio of 1.06 and a beta of 0.30.

AT&T (NYSE:T) last issued its earnings results on Wednesday, October 21st. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.05. The firm had revenue of $32.32 billion for the quarter, compared to the consensus estimate of $31.69 billion. AT&T had a net margin of 10.19% and a return on equity of 13.41%. The business’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.54 earnings per share. As a group, sell-side analysts anticipate that AT&T Inc. will post 2.39 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 2nd. Shareholders of record on Monday, October 12th were given a $0.2775 dividend. The ex-dividend date of this dividend was Friday, October 9th. This represents a $1.11 dividend on an annualized basis and a yield of 5.1%. AT&T’s payout ratio is 60.00%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on T shares. Sanford C. Bernstein cut AT&T from an “outperform” rating to a “market perform” rating and set a $24.00 target price for the company. in a research note on Tuesday, October 13th. The Goldman Sachs Group set a $27.00 price target on AT&T in a research note on Wednesday, October 21st. Moffett Nathanson reduced their price target on AT&T from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 22nd. Citigroup decreased their price objective on AT&T from $31.50 to $28.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. Finally, 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. Twelve analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.56.

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.