AT&T Inc. $T Shares Sold by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. decreased its stake in shares of AT&T Inc. (NYSE:T) by 32.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 58,064 shares of the technology company’s stock after selling 27,807 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in AT&T were worth $1,225,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in AT&T by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 664,055,700 shares of the technology company’s stock valued at $16,495,144,000 after buying an additional 3,585,661 shares in the last quarter. State Street Corp raised its holdings in shares of 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 acquiring an additional 8,314,678 shares during the period. Bank of America Corp DE raised its holdings in shares of AT&T by 4.6% during the 1st quarter. Bank of America Corp DE now owns 125,191,700 shares of the technology company’s stock worth $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 4th quarter valued at about $2,181,977,000. Finally, Bank of New York Mellon Corp boosted its position in shares of AT&T by 12.7% during the 1st 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 last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on T shares. Wolfe Research raised shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $29.00 price objective for the company in a report on Thursday, July 23rd. Weiss Ratings raised shares of AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 3rd. The Goldman Sachs Group set a $30.00 target price on shares of AT&T in a report on Wednesday, July 22nd. Royal Bank Of Canada dropped their price target on shares of AT&T from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Monday, July 20th. Finally, Wall Street Zen upgraded shares of AT&T from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, AT&T currently has an average rating of “Moderate Buy” and a consensus target price of $29.19.

AT&T News Summary

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

• Positive Sentiment: Valuation remains attractive. AT&T has more than doubled over three years, but its recent pullback leaves it trading at relatively inexpensive earnings and other valuation multiples. The combination of a low valuation and expected 2026 earnings growth could provide further upside. AT&T Stock Still Looks A Bargain On Earnings But Weaker On Growth
• Positive Sentiment: AT&T compares favorably with other connectivity investments. Zacks points to stronger recent performance, a cheaper valuation and a more established 2026 growth outlook than SpaceX, despite competitive pressures. AT&T vs. SpaceX: Which Connectivity Stock Has More Upside Now?
• Positive Sentiment: Open-weight artificial intelligence could improve efficiency. AT&T is adopting open AI models to reduce token costs, protect proprietary data and improve security. If successfully implemented, the strategy could lower operating expenses and support automation. Why AT&T Is Betting Big on Open-Weight AI
• Neutral Sentiment: Fundamental execution is improving but uneven. Fiber expansion, wireless gains and bundled services support growth, while the latest quarterly EPS beat estimates and revenue increased year over year. However, revenue was below consensus, leaving investors focused on whether growth can accelerate.
• Negative Sentiment: Growth risks could limit upside. Analysts note that much of AT&T’s recent investment case depends on modest growth, while high capital expenditures, substantial debt and intense competition from wireless, fiber and satellite providers could pressure returns. Should Investors Buy T Stock as Earnings Estimates Improve?
• Negative Sentiment: SpaceX’s ambitions highlight a competitive threat. Elon Musk’s projection that SpaceX could handle most internet traffic underscores the long-term risk posed by satellite connectivity, although the impact on AT&T’s core business is uncertain. Elon Musk Predicts 90% of Internet Traffic Will Flow Through His Company

AT&T Stock Up 1.4%

Shares of NYSE:T opened at $24.59 on Friday. The firm has a market capitalization of $168.49 billion, a PE ratio of 8.14, a price-to-earnings-growth ratio of 0.99 and a beta of 0.23. AT&T Inc. has a 1 year low of $19.89 and a 1 year high of $29.79. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.97 and a quick ratio of 0.93. The firm’s 50-day moving average is $22.58 and its two-hundred day moving average is $25.25.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.59 by $0.06. The business had revenue of $31.56 billion during the quarter, compared to analyst estimates of $31.80 billion. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The business’s revenue for the quarter 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. Analysts predict that AT&T Inc. will post 2.34 EPS for the current year.

AT&T Dividend Announcement

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. This represents a $1.11 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Friday, July 10th. AT&T’s dividend payout ratio (DPR) is currently 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.