Secure Asset Management LLC Sells 21,778 Shares of AT&T Inc. $T

Secure Asset Management LLC cut its stake in shares of AT&T Inc. (NYSE:T) by 38.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,985 shares of the technology company’s stock after selling 21,778 shares during the quarter. Secure Asset Management LLC’s holdings in AT&T were worth $724,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in T. Fairway Wealth LLC bought a new position in shares of AT&T during the first quarter worth about $29,000. Robinswood Financial LLC bought a new position in AT&T during the 1st quarter worth approximately $29,000. Safe Harbor Fiduciary LLC bought a new position in AT&T during the 4th quarter worth approximately $25,000. Cresta Advisors Ltd. bought a new stake in shares of AT&T in the 4th quarter valued at $26,000. Finally, Blueline Advisors LLC bought a new stake in shares of AT&T in the 4th quarter valued at $26,000. Institutional investors own 57.10% of the company’s stock.

More AT&T News

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

• Positive Sentiment: Investor reaction to AT&T’s CFO transition was reportedly favorable, contributing to a broader rally in several blue-chip stocks after CFO changes. The market may view the move as a potential catalyst for improved execution or capital allocation. CFO Turnover at AT&T, Caterpillar, and Pfizer Sparked Rallies
• Positive Sentiment: AT&T’s operating performance is improving: second-quarter consolidated operating income rose 8.3% year over year to $7.04 billion, while adjusted EBITDA increased 5.2% to $12.34 billion. Growth is being attributed to 5G and fiber scale, cost savings, and bundled services. AT&T Benefits From Margin Expansion
• Positive Sentiment: AT&T is being highlighted as an attractive income stock as investors seek cash flow and dividend yields amid concerns about elevated AI-related valuations. Its post-media strategy centers on fiber expansion and 5G connectivity. Three Stocks for Investors Who Still Believe Cash Is King
• Neutral Sentiment: Analysts remain moderately optimistic, but AT&T has underperformed other telecom-services stocks. The comparison suggests investors may want clearer evidence that its growth and margin improvements can persist. How Is AT&T’s Stock Performance Compared to Telecom Services Stocks
• Neutral Sentiment: AT&T’s valuation and dividend profile remain central to the investment case versus Verizon, with AT&T emphasizing fiber and 5G while Verizon benefits from a larger wireless base and recent fiber acquisitions. Better Telecom Stock: AT&T vs. Verizon Communications
• Negative Sentiment: Although AT&T’s dividend is viewed as more stable after its 2022 payout cut, its safety remains an investor concern. Sustaining the dividend will depend on continued cash-flow growth, disciplined capital spending, and debt management. Is AT&T’s Dividend Finally Safe Again?

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on T. 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 research note 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 research note on Thursday, July 23rd. Royal Bank Of Canada reduced 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 report on Monday, July 20th. Morgan Stanley lifted their price target on AT&T from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Finally, Scotiabank reduced their target price on shares of AT&T from $31.00 to $29.25 and set a “sector perform” rating for the company in a research note on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $29.19.

AT&T Trading Up 0.5%

Shares of AT&T stock opened at $26.03 on Wednesday. The stock’s 50-day simple moving average is $23.29 and its 200 day simple moving average is $25.19. 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. The stock has a market capitalization of $178.37 billion, a P/E ratio of 8.62, a P/E/G ratio of 1.28 and a beta of 0.25.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, July 22nd. The technology company reported $0.65 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%. AT&T’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period last year, the firm earned $0.54 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, research analysts anticipate that AT&T Inc. will post 2.34 EPS for the current year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Friday, July 10th. AT&T’s dividend payout ratio is presently 36.75%.

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.