AT&T Inc. $T Stock Holdings Lifted by Opal Capital LLC

Opal Capital LLC grew its stake in shares of AT&T Inc. (NYSE:T) by 418.5% in the first quarter, Holdings Channel.com reports. The fund owned 40,040 shares of the technology company’s stock after buying an additional 32,317 shares during the quarter. Opal Capital LLC’s holdings in AT&T were worth $1,161,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of AT&T by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 664,055,700 shares of the technology company’s stock valued at $16,495,144,000 after purchasing an additional 3,585,661 shares during the last quarter. State Street Corp raised its holdings in AT&T by 2.6% during the 4th quarter. State Street Corp now owns 332,089,723 shares of the technology company’s stock worth $8,249,109,000 after buying an additional 8,314,678 shares during the period. Bank of America Corp DE lifted 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 valued at $2,974,403,000 after buying an additional 4,079,062 shares in the last quarter. Norges Bank purchased a new stake in AT&T during the fourth quarter valued at about $2,181,977,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of AT&T by 12.7% in the first quarter. Bank of New York Mellon Corp now owns 72,764,509 shares of the technology company’s stock worth $2,109,443,000 after buying an additional 8,197,935 shares during the period. 57.10% of the stock is owned by institutional investors.

More AT&T News

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

• Positive Sentiment: Nationwide spectrum acquisition completed: AT&T closed its approximately $23 billion purchase of wireless licenses from EchoStar. The deal adds roughly 50 MHz of spectrum—including 30 MHz of nationwide 3.45 GHz mid-band spectrum and 20 MHz of 600 MHz low-band spectrum—covering virtually every U.S. market. The additional capacity should support faster, more reliable 5G service and improve AT&T’s competitive position. AT&T Closes Acquisition of Spectrum Licenses from EchoStar
• Positive Sentiment: Potential operating efficiencies from D-Wave partnership: AT&T expanded its use of D-Wave Quantum’s (NASDAQ: QBTS) technology for network optimization, including outage detection, technician routing and traffic management. Initial testing reportedly reduced an optimization task from about one hour to 15 seconds. If scaled successfully, the technology could lower operating costs, improve outage response and make network investments more efficient. AT&T and D-Wave Expand Quantum Computing Agreement
• Neutral Sentiment: Financial backdrop remains supportive: AT&T recently exceeded quarterly EPS expectations, reporting $0.65 versus the $0.59 consensus, while revenue increased 2.3% year over year. Management also reiterated its financial outlook and capital-allocation plan. These results help reinforce confidence in the company’s dividend and ongoing network investments, although the spectrum transaction’s contribution to earnings will take time to develop.
• Negative Sentiment: Large capital commitment raises balance-sheet concerns: The $23 billion spectrum purchase is a significant investment for a highly capital-intensive, debt-laden telecom operator. The licenses should improve long-term capacity, but investors may remain concerned about financing costs, leverage and the need to generate sufficient returns from the additional spectrum.

Analyst Upgrades and Downgrades

T has been the topic of a number of recent analyst reports. Wolfe Research upgraded shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price target on the stock in a report on Thursday, July 23rd. Weiss Ratings cut shares of AT&T from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, July 20th. Wall Street Zen raised shares of AT&T from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. BNP Paribas Exane decreased their target price on AT&T from $28.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. Finally, Barclays dropped their price target on AT&T from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $29.19.

AT&T Trading Up 1.0%

Shares of NYSE:T opened at $24.67 on Wednesday. The firm has a fifty day moving average of $22.79 and a two-hundred day moving average of $25.24. 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 Inc. has a 12-month low of $19.89 and a 12-month high of $29.79. The firm has a market capitalization of $169.05 billion, a P/E ratio of 8.17, a price-to-earnings-growth ratio of 0.99 and a beta of 0.24.

AT&T (NYSE:T) last posted its quarterly 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 business 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%. AT&T’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 business posted $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, equities analysts expect that AT&T Inc. will post 2.34 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 10th will be paid a dividend of $0.2775 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.5%. AT&T’s dividend payout ratio (DPR) is 36.75%.

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.