Empirical Finance LLC Buys 32,024 Shares of AT&T Inc. $T

Empirical Finance LLC grew its stake in AT&T Inc. (NYSE:T) by 11.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 311,629 shares of the technology company’s stock after buying an additional 32,024 shares during the quarter. Empirical Finance LLC’s holdings in AT&T were worth $6,451,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in T. Nykredit A S purchased a new position in shares of AT&T during the 2nd quarter valued at about $195,151,000. Brown Lisle Cummings Inc. increased its holdings in AT&T by 13.2% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 52,960 shares of the technology company’s stock worth $1,096,000 after acquiring an additional 6,170 shares in the last quarter. Amundi increased its holdings in AT&T by 1.5% in the 2nd quarter. Amundi now owns 36,679,519 shares of the technology company’s stock worth $759,266,000 after acquiring an additional 527,044 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in AT&T during the 2nd quarter worth approximately $63,985,000. Finally, California State Teachers Retirement System raised its stake in AT&T by 1,920.3% during the 2nd quarter. California State Teachers Retirement System now owns 221,126,798 shares of the technology company’s stock worth $4,577,325,000 after acquiring an additional 210,181,579 shares during the period. Institutional investors own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on T shares. The Goldman Sachs Group set a $30.00 price target on shares of AT&T in a research report on Wednesday, July 22nd. Scotiabank lowered their price objective on AT&T from $31.00 to $29.25 and set a “sector perform” rating on the stock in a research report on Wednesday, July 15th. Wall Street Zen raised AT&T from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Morgan Stanley increased their target price on AT&T from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Finally, TD Cowen lifted their target price on AT&T from $32.00 to $33.00 and gave the company a “hold” rating in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, AT&T has a consensus rating of “Moderate Buy” and an average price target of $29.19.

Key Stories Impacting AT&T

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

• Positive Sentiment: CEO John Stankey will speak at the Goldman Sachs Communacopia + Technology Conference on September 9, offering investors an update on AT&T’s multiyear growth strategy. The company plans to highlight its fiber and 5G investments and reiterated its previously issued financial outlook and capital-allocation plan, reducing the risk of a negative guidance surprise. John Stankey to Update Shareholders at Goldman Sachs Communacopia + Technology Conference
• Positive Sentiment: AT&T is expanding its smartphone lineup with Samsung’s Galaxy S26 FE, flexible pricing and upgrade options. The offering could support customer satisfaction, device upgrades and wireless retention, although the financial benefit will depend on subscriber adoption and promotional costs. Can AT&T’s Latest Smartphone Offers Boost Customer Satisfaction?
• Neutral Sentiment: AT&T provided technical support for Dallas’ Republican midterm convention. The event is not expected to materially affect earnings, but political involvement could draw additional public attention to the company.
• Negative Sentiment: VoIP-Pal filed a third amended antitrust complaint naming AT&T, Verizon and T-Mobile in federal court. The streamlined case adds legal and reputational uncertainty, though the filing itself does not establish liability or indicate an immediate financial impact. VoIP-Pal Files Third Amended Complaint Against AT&T, Verizon, and T-Mobile
• Negative Sentiment: Internet outages were reported in parts of Texas, including Dallas–Fort Worth and Houston. Service was subsequently reported as operating normally, limiting the likely financial effect, but repeated disruptions could hurt customer satisfaction and increase churn concerns.

AT&T Price Performance

Shares of NYSE:T traded down $0.07 during midday trading on Tuesday, reaching $25.61. 39,858,464 shares of the company were exchanged, compared to its average volume of 49,200,719. The stock has a market cap of $175.49 billion, a PE ratio of 8.48, a price-to-earnings-growth ratio of 1.27 and a beta of 0.25. The business’s fifty day moving average is $23.57 and its two-hundred day moving average is $25.11. AT&T Inc. has a one year low of $19.89 and a one year high of $29.79. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. The company 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 previous year, the firm posted $0.54 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, analysts predict 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. Investors of record on Friday, July 10th were given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date was Friday, July 10th. AT&T’s payout ratio 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.