Empirical Finance LLC Purchases 32,024 Shares of AT&T Inc. $T

Empirical Finance LLC increased its position in AT&T Inc. (NYSE:T) by 11.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 311,629 shares of the technology company’s stock after acquiring an additional 32,024 shares during the period. Empirical Finance LLC’s holdings in AT&T were worth $6,451,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in T. California State Teachers Retirement System increased its holdings in shares of AT&T by 1,920.3% in the 2nd quarter. California State Teachers Retirement System now owns 221,126,798 shares of the technology company’s stock worth $4,577,325,000 after purchasing an additional 210,181,579 shares in the last quarter. Bank of America Corp DE purchased a new position in shares of AT&T in the second quarter worth $2,310,898,000. Norges Bank bought a new position in shares of AT&T during the fourth quarter valued at $2,181,977,000. GQG Partners LLC bought a new position in shares of AT&T during the second quarter valued at $1,223,364,000. Finally, Legal & General Group Plc purchased a new stake in shares of AT&T during the second quarter valued at $960,695,000. 57.10% of the stock is owned by institutional investors.

AT&T Stock Performance

Shares of NYSE T traded down $0.07 during midday trading on Tuesday, hitting $25.61. 39,858,464 shares of the company’s stock traded hands, compared to its average volume of 49,200,719. AT&T Inc. has a 1 year low of $19.89 and a 1 year high of $29.79. The stock has a market capitalization of $175.49 billion, a price-to-earnings ratio of 8.48, a price-to-earnings-growth ratio of 1.27 and a beta of 0.25. 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 firm has a fifty day moving average of $23.57 and a 200 day moving average of $25.11.

AT&T (NYSE:T) 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 company had revenue of $31.56 billion for 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%. The firm’s revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, analysts forecast that AT&T Inc. will post 2.34 earnings per share for the current year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were given a $0.2775 dividend. The ex-dividend date was Friday, July 10th. This represents a $1.11 annualized dividend and a yield of 4.3%. AT&T’s dividend payout ratio (DPR) is presently 36.75%.

Analyst Upgrades and Downgrades

T has been the subject of several research analyst reports. Wells Fargo & Company lifted their price objective on AT&T from $18.00 to $20.00 and gave the stock an “underweight” rating in a report on Thursday, July 23rd. Wall Street Zen upgraded shares of AT&T from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Barclays dropped their price target on shares of AT&T from $26.00 to $24.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 8th. Morgan Stanley boosted their price objective on shares of AT&T from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Finally, TD Cowen increased their price objective on shares of AT&T from $32.00 to $33.00 and gave the company a “hold” rating in a research report on Thursday, July 23rd. One research 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, AT&T has a consensus rating of “Moderate Buy” and a consensus price target of $29.19.

Key Stories Impacting AT&T

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

• Positive Sentiment: CEO John Stankey will speak at the Goldman Sachs Communacopia + Technology Conference on September 9, offering investors an update on AT&T’s multiyear growth strategy. The company plans to highlight its fiber and 5G investments and reiterated its previously issued financial outlook and capital-allocation plan, reducing the risk of a negative guidance surprise. John Stankey to Update Shareholders at Goldman Sachs Communacopia + Technology Conference
• Positive Sentiment: AT&T is expanding its smartphone lineup with Samsung’s Galaxy S26 FE, flexible pricing and upgrade options. The offering could support customer satisfaction, device upgrades and wireless retention, although the financial benefit will depend on subscriber adoption and promotional costs. Can AT&T’s Latest Smartphone Offers Boost Customer Satisfaction?
• Neutral Sentiment: AT&T provided technical support for Dallas’ Republican midterm convention. The event is not expected to materially affect earnings, but political involvement could draw additional public attention to the company.
• Negative Sentiment: VoIP-Pal filed a third amended antitrust complaint naming AT&T, Verizon and T-Mobile in federal court. The streamlined case adds legal and reputational uncertainty, though the filing itself does not establish liability or indicate an immediate financial impact. VoIP-Pal Files Third Amended Complaint Against AT&T, Verizon, and T-Mobile
• Negative Sentiment: Internet outages were reported in parts of Texas, including Dallas–Fort Worth and Houston. Service was subsequently reported as operating normally, limiting the likely financial effect, but repeated disruptions could hurt customer satisfaction and increase churn concerns.

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.