Intrust Bank NA Has $2.92 Million Stake in AT&T Inc. $T

Intrust Bank NA lowered its holdings in AT&T Inc. (NYSE:T) by 13.4% in the second quarter, Holdings Channel reports. The firm owned 141,277 shares of the technology company’s stock after selling 21,908 shares during the quarter. Intrust Bank NA’s holdings in AT&T were worth $2,924,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its position in shares of AT&T by 26.5% in the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock valued at $1,106,000 after acquiring an additional 10,188 shares during the last quarter. Osterweis Capital Management Inc. grew its stake in AT&T by 4,352.9% in the second quarter. Osterweis Capital Management Inc. now owns 6,234 shares of the technology company’s stock valued at $180,000 after purchasing an additional 6,094 shares in the last quarter. Main Street Financial Solutions LLC grew its stake in AT&T by 4.0% in the second quarter. Main Street Financial Solutions LLC now owns 26,796 shares of the technology company’s stock valued at $775,000 after purchasing an additional 1,022 shares in the last quarter. HUB Investment Partners LLC increased its position in shares of AT&T by 19.6% during the 2nd quarter. HUB Investment Partners LLC now owns 55,730 shares of the technology company’s stock worth $1,613,000 after purchasing an additional 9,115 shares during the last quarter. Finally, Peapack Gladstone Financial Corp increased its position in shares of AT&T by 1.8% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 207,063 shares of the technology company’s stock worth $5,992,000 after purchasing an additional 3,677 shares during the last quarter. 57.10% of the stock is owned by institutional investors.

Key AT&T News

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

• Positive Sentiment: AT&T reportedly reduced expenses for coding and other advanced AI tasks by as much as 56% by routing workloads to lower-cost models and using open-source technology. The reported quality decline was only about 2%, suggesting a meaningful opportunity to improve efficiency and margins. AT&T Slashes AI Costs by Adopting Model Routers and Open Source
• Positive Sentiment: AT&T partnered with, and invested in, Hark to support AI-native consumer devices through network connectivity, device certification and infrastructure. The deal could create future wireless demand and position AT&T to participate in emerging AI hardware markets, although near-term financial benefits are unclear. Hark and AT&T Partner on Connectivity for Future AI Devices
• Positive Sentiment: Coverage points to continued momentum in AT&T’s Advanced Connectivity segment, supported by fiber expansion, customer convergence and rising demand for networks capable of handling AI workloads. Sustained execution could provide a growth catalyst beyond the company’s traditional wireless operations. T Rides on Strength in Advanced Connectivity Segment
• Neutral Sentiment: One analysis argues that AT&T is outperforming several telecom peers but that its valuation does not fully reflect that performance, potentially supporting further appreciation if operating results remain strong. The Peer-Group Mispricing Sitting On T Stock
• Negative Sentiment: Dividend-focused commentary notes that AT&T’s approximately 4.5% yield is attractive, but argues that growth will likely remain slow and that increasing average revenue per customer is an important—and limited—route to stronger results. Yielding 4.5%, Should Dividend Stock Investors Buy AT&T Stock?

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on T shares. Argus cut their price objective on AT&T from $33.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. Oppenheimer downgraded shares of AT&T from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 3rd. BNP Paribas Exane dropped their price target on shares of AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Barclays cut their price target on shares of AT&T from $26.00 to $24.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 8th. Finally, Royal Bank Of Canada decreased their price objective on shares of AT&T from $31.00 to $27.00 and set an “outperform” rating for the company in a research report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.19.

AT&T Stock Up 0.4%

Shares of T opened at $25.21 on Friday. AT&T Inc. has a 52 week low of $19.89 and a 52 week high of $29.79. The firm has a market cap of $172.75 billion, a P/E ratio of 8.35, a price-to-earnings-growth ratio of 1.02 and a beta of 0.23. The firm’s 50-day simple moving average is $22.79 and its 200 day simple moving average is $25.27. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.93 and a current ratio of 0.97.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.06. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The firm had revenue of $31.56 billion for the quarter, compared to analysts’ expectations of $31.80 billion. During the same period in the prior year, the firm earned $0.54 EPS. The business’s revenue was up 2.3% on a year-over-year basis. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were paid a dividend of $0.2775 per share. The ex-dividend date was Friday, July 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.4%. AT&T’s dividend payout ratio (DPR) is 36.75%.

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.