AT&T Inc. $T Shares Purchased by Palouse Capital Management Inc.

Palouse Capital Management Inc. boosted its holdings in AT&T Inc. (NYSE:T) by 147.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 155,310 shares of the technology company’s stock after acquiring an additional 92,443 shares during the period. AT&T comprises about 2.0% of Palouse Capital Management Inc.’s investment portfolio, making the stock its 22nd biggest holding. Palouse Capital Management Inc.’s holdings in AT&T were worth $3,215,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of T. Vanguard Group Inc. increased its position in AT&T by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 664,055,700 shares of the technology company’s stock worth $16,495,144,000 after buying an additional 3,585,661 shares during the period. State Street Corp lifted its stake in AT&T by 2.6% in 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 during the last quarter. Bank of America Corp DE boosted its holdings in shares of AT&T by 4.6% during the first quarter. Bank of America Corp DE now owns 125,191,700 shares of the technology company’s stock valued at $3,629,307,000 after acquiring an additional 5,449,222 shares during the period. Norges Bank acquired a new position in shares of AT&T during the fourth quarter valued at $2,181,977,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of AT&T by 12.7% during the first quarter. Bank of New York Mellon Corp now owns 72,764,509 shares of the technology company’s stock valued at $2,109,443,000 after acquiring an additional 8,197,935 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T News Roundup

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

• Positive Sentiment: Network capacity upgrade: AT&T selected Ericsson to deploy 600 MHz dual-band radios using spectrum acquired from EchoStar. The investment is expected to improve wireless capacity, coverage, reliability and performance nationwide, potentially supporting customer satisfaction and retention. AT&T and Ericsson Enhance Wireless Capacity, Coverage, and Performance Nationwide
• Positive Sentiment: Quantum-computing collaboration: AT&T’s expanded relationship with D-Wave Quantum produced a reported 240-times improvement in a network-optimization application. While the commercial and financial impact is still uncertain, successful deployment could improve AT&T’s operational efficiency and demonstrate new enterprise uses for quantum computing. Will AT&T’s Expanded Quantum Deal Turn D-Wave Into a Scalable Enterprise Player?
• Positive Sentiment: Product expansion: AT&T launched the amiGO Jr. Tab 2, a $4.99-per-month kids’ tablet that runs on its 5G network. The niche product strengthens AT&T’s differentiated device lineup, though its direct effect on revenue is likely modest. AT&T’s Exclusive Kids Device Line Gets an Upgrade
• Negative Sentiment: Competitive pressure from SpaceX: SpaceX plans to combine Starlink satellite connectivity with terrestrial infrastructure to build a broader mobile service. The prospect of direct competition with AT&T, Verizon and T-Mobile pressured telecom stocks and could increase industry pricing, customer-acquisition and capital-spending challenges. SpaceX Plans Terrestrial Mobile Network to Rival AT&T

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on T shares. Wall Street Zen raised shares of AT&T from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. Oppenheimer lowered shares of AT&T from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 3rd. BNP Paribas Exane decreased their target price on shares of AT&T from $28.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. Morgan Stanley upped their target price on shares of AT&T from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Finally, Weiss Ratings upgraded shares of AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $29.19.

AT&T Price Performance

Shares of NYSE:T opened at $23.68 on Friday. AT&T Inc. has a 12 month low of $19.89 and a 12 month high of $29.79. The stock has a market cap of $162.24 billion, a price-to-earnings ratio of 7.84, a PEG ratio of 0.94 and a beta of 0.23. The stock’s 50 day moving average price is $22.56 and its 200 day moving average price is $25.23. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.97 and a quick ratio of 0.93.

AT&T (NYSE:T) last released its earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. The firm 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 revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities research analysts anticipate that AT&T Inc. will post 2.34 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were issued a $0.2775 dividend. The ex-dividend date was Friday, July 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.7%. AT&T’s dividend payout ratio is 36.75%.

About AT&T

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.