Exchange Traded Concepts LLC Trims Stock Position in AT&T Inc. $T

Exchange Traded Concepts LLC trimmed its position in AT&T Inc. (NYSE:T) by 6.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,963,147 shares of the technology company’s stock after selling 136,282 shares during the quarter. Exchange Traded Concepts LLC’s holdings in AT&T were worth $55,439,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in T. Somerset Trust Co raised its position in shares of AT&T by 2.0% during the 3rd quarter. Somerset Trust Co now owns 59,830 shares of the technology company’s stock valued at $1,690,000 after buying an additional 1,156 shares during the period. Baldwin Wealth Partners LLC MA grew its position in AT&T by 35.0% in the third quarter. Baldwin Wealth Partners LLC MA now owns 15,222 shares of the technology company’s stock worth $430,000 after acquiring an additional 3,945 shares during the period. Brighton Jones LLC increased its stake in AT&T by 6.8% during the third quarter. Brighton Jones LLC now owns 65,066 shares of the technology company’s stock worth $1,837,000 after acquiring an additional 4,156 shares during the last quarter. Salvus Wealth Management LLC raised its position in AT&T by 19.1% in the third quarter. Salvus Wealth Management LLC now owns 13,585 shares of the technology company’s stock valued at $384,000 after purchasing an additional 2,180 shares during the period. Finally, Evanson Asset Management LLC raised its position in AT&T by 116.4% in the third quarter. Evanson Asset Management LLC now owns 18,648 shares of the technology company’s stock valued at $527,000 after purchasing an additional 10,030 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analyst Ratings Changes

T has been the subject of a number of research analyst reports. Loop Capital set a $29.00 price target on AT&T in a report on Friday. Scotiabank set a $30.25 target price on shares of AT&T and gave the stock a “sector perform” rating in a research note on Monday, October 6th. Raymond James Financial reiterated a “strong-buy” rating and set a $33.00 price target (up from $31.00) on shares of AT&T in a research report on Thursday, September 18th. Morgan Stanley reduced their price target on shares of AT&T from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 10th. Finally, Wells Fargo & Company lowered their price objective on shares of AT&T from $31.00 to $29.00 and set an “overweight” rating for the company in a research report on Thursday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $30.36.

AT&T Stock Down 0.6%

Shares of T opened at $24.11 on Monday. The company’s 50-day simple moving average is $25.22 and its 200-day simple moving average is $27.13. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.96 and a current ratio of 1.01. AT&T Inc. has a 1 year low of $21.38 and a 1 year high of $29.79. The stock has a market capitalization of $170.95 billion, a PE ratio of 7.83, a P/E/G ratio of 1.41 and a beta of 0.38.

AT&T (NYSE:T) last announced its earnings results on Wednesday, October 22nd. The technology company reported $0.54 earnings per share for the quarter, hitting the consensus estimate of $0.54. The firm had revenue of $30.71 billion for the quarter, compared to the consensus estimate of $30.85 billion. AT&T had a net margin of 17.87% and a return on equity of 12.72%. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 EPS. Analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Monday, January 12th will be given a dividend of $0.2775 per share. The ex-dividend date of this dividend is Monday, January 12th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.6%. AT&T’s dividend payout ratio is currently 36.04%.

Key Headlines Impacting AT&T

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

• Positive Sentiment: AT&T gained roughly $1.3B in annual revenue via December price hikes on wireless and internet plans — a near-term revenue and cash-flow tailwind that supports dividend coverage and debt reduction. AT&T gains $1.3B annual revenue
• Positive Sentiment: Investor commentary argues T is undervalued and positioned for secular growth from 5G, fiber and machine-to-machine/AI-driven demand — a fundamental bullish case that could support multiple expansion if execution continues. AT&T: The ‘Machine Economy’ Is The Real Driver
• Positive Sentiment: Recent market commentary noted a modest uptick in the stock amid a weaker broader market, suggesting short-term buying interest or rotation into yield names. AT&T (T) Rises As Market Takes a Dip
• Neutral Sentiment: Profile piece on AT&T’s CISO highlights executive background and cybersecurity focus — positive for corporate governance/PR but unlikely to move fundamentals on its own. AT&T exec manifested his CISO job
• Neutral Sentiment: Macro market note: week-end market strength mixed with housing softness — broader sentiment could influence cyclical flows into telecom/dividend names but is not AT&T-specific.
• Negative Sentiment: Goldman Sachs cut its price target on T from $33 to $29 while keeping a Buy rating — this reduces analyst-implied upside and may temper momentum among investors who track target changes. Goldman lowers price target
• Negative Sentiment: Two lawmakers raised concerns about EchoStar’s deals to sell spectrum to AT&T and SpaceX — regulatory scrutiny or delays could impede AT&T’s spectrum buildout plans and add execution risk for 5G expansion. Lawmakers raise concerns about Echostar deals
• Negative Sentiment: Ongoing data-breach settlement and claim deadlines (multiple state notices) keep potential legal exposure and reputational risk on the radar — possible cash settlements or litigation costs remain a downside catalyst. Were you affected by an AT&T data breach?

AT&T 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.