AT&T Inc. $T Shares Sold by Strs Ohio

Strs Ohio trimmed its position in AT&T Inc. (NYSE:T) by 4.7% during the first quarter, HoldingsChannel.com reports. The firm owned 1,853,891 shares of the technology company’s stock after selling 91,284 shares during the quarter. Strs Ohio’s holdings in AT&T were worth $53,744,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in AT&T by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 664,055,700 shares of the technology company’s stock worth $16,495,144,000 after purchasing an additional 3,585,661 shares in the last quarter. State Street Corp lifted its position in AT&T by 2.6% during the fourth quarter. State Street Corp now owns 332,089,723 shares of the technology company’s stock valued at $8,249,109,000 after buying an additional 8,314,678 shares in the last quarter. Bank of America Corp DE grew its stake in AT&T by 3.5% during the fourth quarter. Bank of America Corp DE now owns 119,742,478 shares of the technology company’s stock worth $2,974,403,000 after buying an additional 4,079,062 shares during the period. Norges Bank purchased a new stake in AT&T during the fourth quarter worth approximately $2,181,977,000. Finally, Capital Research Global Investors grew its stake in AT&T by 0.6% during the third quarter. Capital Research Global Investors now owns 65,607,835 shares of the technology company’s stock worth $1,852,765,000 after buying an additional 370,455 shares during the period. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Stock Up 0.4%

Shares of NYSE:T opened at $20.57 on Friday. The company has a market capitalization of $142.89 billion, a price-to-earnings ratio of 6.90, a price-to-earnings-growth ratio of 0.83 and a beta of 0.24. The company has a 50 day moving average of $23.99 and a two-hundred day moving average of $25.55. AT&T Inc. has a 52-week low of $19.89 and a 52-week high of $29.79. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 1.05.

AT&T (NYSE:T) last posted its earnings results on Wednesday, April 22nd. The technology company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. The business had revenue of $31.51 billion for the quarter, compared to analysts’ expectations of $31.29 billion. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.51 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, analysts forecast that AT&T Inc. will post 2.31 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 10th will be given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend is Friday, July 10th. AT&T’s dividend payout ratio is presently 37.25%.

Key Headlines Impacting AT&T

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

• Positive Sentiment: AT&T expanded its Build-A-Plan service, letting customers bundle customized wireless plans with home internet options; the move could boost upselling, simplify customer acquisition, and strengthen competitive positioning. AT&T stock’s bad week just keeps getting worse
• Positive Sentiment: Investor interest has risen, with unusual call-option activity suggesting traders are positioning for a potential rebound or catalyst-driven move in AT&T shares.
• Neutral Sentiment: Several articles highlighted AT&T as a high-yield telecom name and a potential defensive holding for retirees, reinforcing the stock’s appeal as an income play rather than a fast-growth story.
• Negative Sentiment: Shares have been pressured by concerns over SpaceX’s long-term threat to wireless carriers, and at least one analyst downgrade cited that competitive risk as a reason for caution. Oppenheimer downgrades AT&T stock on SpaceX threat
• Negative Sentiment: Market commentary also noted recent weakness in AT&T alongside Verizon as telecom investors digest the possibility of new satellite-based competition.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on T. Scotiabank cut their target price on shares of AT&T from $31.50 to $31.00 and set a “sector perform” rating on the stock in a research note on Thursday, April 23rd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $31.00 price target on shares of AT&T in a research report on Wednesday, May 20th. BNP Paribas Exane lowered their price target on AT&T from $28.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. Weiss Ratings lowered AT&T from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. Finally, Arete Research upgraded AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price objective on the stock in a research note on Tuesday, March 10th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.55.

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.