Secure Asset Management LLC cuts position in AT&T Inc. $T. Secure Asset Management LLC reduced its position in AT&T Inc. (NYSE:T - Free Report) by 38.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter. Stocks & Bonds A number of other institutional investors and hedge funds have also bought and sold shares of the business. Brighton Jones LLC grew its holdings in shares of AT&T by 26.5% during the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company's stock valued at $1,106,000 after purchasing an additional 10,188 shares during the last quarter. Osterweis Capital Management Inc. boosted its holdings in shares of AT&T by 4,352.9% during the second quarter. Osterweis Capital Management Inc. now owns 6,234 shares of the technology company's stock worth $180,000 after purchasing an additional 6,094 shares during the period. Main Street Financial Solutions LLC grew its stake in shares of AT&T by 4.0% in the second quarter. Main Street Financial Solutions LLC now owns 26,796 shares of the technology company's stock worth $775,000 after purchasing an additional 1,022 shares during the last quarter. HUB Investment Partners LLC grew its stake in shares of AT&T by 19.6% in the second quarter. HUB Investment Partners LLC now owns 55,730 shares of the technology company's stock worth $1,613,000 after purchasing an additional 9,115 shares during the last quarter. Finally, Peapack Gladstone Financial Corp grew its position in shares of AT&T by 1.8% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 207,063 shares of the technology company's stock worth $5,992,000 after buying an additional 3,677 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors. Key AT&T news. Here are the key news stories impacting AT&T this week: * 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. * 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 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. * 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. * 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. * 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. Wall Street analyst weigh in. Discover more Hedge Funds Classified ads service Archive access older Several research analysts have commented on the stock. Weiss Ratings upgraded shares of AT&T from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, August 3rd. TD Cowen lifted their target price on shares of AT&T from $32.00 to $33.00 and gave the company a "hold" rating in a research note on Thursday, July 23rd. Wells Fargo & Company boosted their price target on shares of AT&T from $18.00 to $20.00 and gave the company an "underweight" rating in a research report on Thursday, July 23rd. Royal Bank Of Canada decreased 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 note on Monday, July 20th. Finally, The Goldman Sachs Group set a $30.00 price target on shares of AT&T in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $29.19. AT&T trading up 0.5%. NYSE T opened at $26.03 on Wednesday. The firm has a market capitalization of $178.37 billion, a PE ratio of 8.62, a P/E/G ratio of 1.28 and a beta of 0.25. The stock's 50 day moving average is $23.29 and its 200 day moving average is $25.19. AT&T Inc. has a twelve month low of $19.89 and a twelve month high of $29.79. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 1.06. AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.59 by $0.06. The business had revenue of $31.56 billion during the quarter, compared to the consensus estimate of $31.80 billion. AT&T had a return on equity of 12.86% and a net margin of 16.94%.The firm's quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Research analysts forecast that AT&T Inc. will post 2.34 earnings per share for the current fiscal year. AT&T dividend announcement. The company also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Friday, July 10th. AT&T's dividend payout ratio is 36.75%. Stocks & Bonds 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. Want to see what other hedge funds are holding T? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AT&T Inc. (NYSE:T - Free Report). Receive News & Ratings for AT&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T and related companies with MarketBeat.com's FREE daily email newsletter.

Lowe's launches major effort to help close America's skilled trades gap. Lowe's Foundation is partnering with Nvidia, General Motors, AT&T, Bank of America and others. The AI revolution is creating a surge in blue collar jobs for American workers, with tech giants like Meta, BlackRock, and Google investing millions in training for skilled trades. Lowe's announced a new partnership on Tuesday with dozens of companies that aims to address America's shortage of skilled workers by helping to train and develop 1 million tradespeople over the next decade. The Lowe's Foundation is partnering with Nvidia, General Motors, AT&T, Bank of America and more through the Building Futures Skilled Trades Coalition, which aims to train and certify 1 million skilled tradespeople by 2035. The cross-sector coalition - billed as the nation's largest - includes more than 75 businesses, educators, workforce organizations and industry leaders. Janice Dupré, executive vice president of human resources and chair of the Lowe's Foundation, told FOX Business that Lowe's first launched an initiative four years ago that aimed to train 250,000 workers for roles in skilled trades that it was clear that the "problem is so much bigger." She noted that the U.S. economy is facing a shortage of 2 million workers in the skilled trades, which is having an estimated impact of $1 trillion per year. "No one entity can solve this. The Lowe's Foundation is uniquely positioned because of our success and experience that we've had over the nearly four years," Dupré said. "I believe collectively, with all these wonderful partners coming together, we're going to solve this for the country." Lowe's announced a coalition with over 75 companies and other partners aiming to train 1 million skilled tradespeople by 2035. (Chet Strange/Bloomberg via Getty Images) Dupré said that the flow of new workers into the industry has lagged as younger, working-age adults increasingly opted to pursue college degrees rather than enter skilled trades in recent decades. As a result, "There's no workforce waiting in the wings for us to fill these jobs that we so desperately need in this country." "The skilled trades are continuing to be depleted because for every five people that retire in the skilled trades, only two people are getting introduced into the profession," Dupré said. "It's just eroded over time where students have been encouraged to go get their college degree, and no one's taking over the family business." "These are the people that build the homes that we all live in. They restore communities when a disaster has happened, and then they support the infrastructure that our economy and our country so desperately needs right now," she added. Workers can learn to become electricians and other skilled trades through the partnership. (Welcomia/iStock Getty Images Plus) Dupré noted that partnerships training skilled tradespeople can offer a pathway to in-demand, higher-paying work that can be completed in less time and with less debt than careers that require a college degree. "When you look at a lot of these skilled trades programs, some of them can take 90 days of training and certification. Some of them that are more in-depth could take up to six months. Very low-cost models are what we have seen in our partnerships that we have that we're funding," she explained. "These are careers you can get into with very low debt. But when you look at master plumbers and electricians, these folks are making six-figures," Dupré added. "These are not low-paying jobs, these are high-demand jobs." | Ticker | Security | Last | Change | Change % | | LOW | LOWE'S COMPANIES INC. 204.70 | -3.35 | -1.61% | | NVDA | NVIDIA CORP. 220.78 | +3.23 | +1.48% | | GM | GENERAL MOTORS CO. 86.32 | +0.05 | +0.06% | | BAC | BANK OF AMERICA CORP. 61.94 | -0.38 | -0.61% | | T | AT&T INC. 25.89 | -0.12 | -0.46% | | Powered By | The rise of artificial intelligence (AI) has drawn new attention to the skilled trades as hands-on roles can be less sensitive to automation. Dupré noted that while "AI is going to transform work no matter what it touches - skilled trades, corporate jobs, and it's going to have an impact, so we're all going to have to figure out a brand new way of working." "But what's uniquely beneficial in the skilled trades is that it remains hands-on," she said, noting that plumbers, electricians and construction workers have to physically perform that work. Lowe's launched an initiative nearly four years ago aimed at training 250,000 skilled tradespeople, which helped the company realize the scale of demand for those workers. (Angus Mordant/Bloomberg via Getty Images) Dupré added that AI buildout itself is spurring demand for skilled trades workers amid the need for data centers and other infrastructure to power it. Furthermore, AI tools can serve skilled trades workers by helping them research issues they may encounter in the course of their work. "We don't think of AI as necessarily replacing, we think AI can actually enhance the skilled trades because it'll make it easier for people to get hands-on experience, but also being able to leverage AI to give them quicker solutions," she said, calling the skilled trades a "people business."