Foster Victor Wealth Advisors 13F: Adds $1.3M to AT&T (T) Stake

Foster Victor Wealth Advisors boosted its holdings in AT&T Inc. (NYSE: T) by picking up 54,321 additional shares during the period. The fund disclosed the trade in a Form 13F filing with the Securities and Exchange Commission on October 21, 2026. The purchase lifted the firm's total ownership to 586,155 shares.

T AT&T Inc.

$22.43 ▼ -4.31% year to date

1M 3M YTD

Daily close · Oct 22, 2026

What Changed in Foster Victor Wealth Advisors's AT&T Inc. Position

Before the adjustment, the firm held 531,834 shares of the telecommunications provider. The 10.2% increase brought its total stake to 586,155 shares. SEC records peg the value of the holding at $13.59 million as of the filing date.

Other Institutional Activity in AT&T Inc.

Large investors continue to shift their positions in the telecom giant. Newport Trust Company, LLC trimmed its holdings by 753,830 shares, ending with 178,729,595 shares valued at about $4.0 billion.

AT&T Inc. Stock Down 4.2%

AT&T shares recently changed hands at $22.43, up 2.4% from the stock's closing price of $21.91 on the day of the filing. The price sits below both its 50-day moving average of $24.85 and its 200-day moving average of $25.08. The stock has traded between a 52-week low of $19.89 and a high of $29.44.

Recent Earnings

AT&T reported $127.24 billion in trailing-twelve-month revenue alongside earnings of $1.87 per share. The company operates with a net margin of 16.9% and a return on equity of 18.3%.

Dividend

Income-focused investors collect an annual dividend rate of $1.11 per share, translating to a dividend yield of 4.74%. The company allocates 36.6% of its earnings toward dividend payments.

Analysts Set New Price Targets

Several research firms have updated their outlooks on the telecom provider in recent months. Wolfe Research upgraded the stock to an Outperform rating with a $29.00 price target on July 23, 2026. BNP Paribas followed on September 21, 2026, by upgrading the stock to Outperform and raising its target from $26.00 to $30.00. Morgan Stanley maintained an Overweight rating and lifted its target to $28.00 on September 28, 2026. Scotiabank issued two updates, maintaining a Sector Perform rating while adjusting its target from $29.25 to $27.50 on October 2, 2026, and later moving it to $26.50 on October 9, 2026. Overall, analysts hold a consensus buy rating on the stock with a mean price target of $28.59 across 23 opinions.

About AT&T Inc.

Headquartered in Dallas, Texas, AT&T provides wireless voice, data communications, and broadband services to customers worldwide. The company operates communication networks and retail stores that sell mobile devices and connected hardware. Its steady connectivity services generate massive recurring cash flows that support its dividend payout.

Bottom Line

Institutional investors like Foster Victor Wealth Advisors continue to adjust large portfolios against a backdrop of shifting telecom valuations. Market watchers will closely follow upcoming financial reports and institutional filings to track how major funds position themselves in the stock going forward.