State Street Corp Acquires 8,314,678 Shares of AT&T Inc. $T

State Street Corp grew its holdings in AT&T Inc. (NYSE:T) by 2.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 332,089,723 shares of the technology company’s stock after purchasing an additional 8,314,678 shares during the period. State Street Corp’s holdings in AT&T were worth $8,249,109,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in AT&T by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 664,055,700 shares of the technology company’s stock worth $16,495,144,000 after acquiring an additional 3,585,661 shares during the last quarter. Norges Bank bought a new stake in shares of AT&T during the 4th quarter valued at about $2,181,977,000. Capital Research Global Investors boosted its position in shares of AT&T by 0.6% during the 3rd quarter. Capital Research Global Investors now owns 65,607,835 shares of the technology company’s stock valued at $1,852,765,000 after purchasing an additional 370,455 shares in the last quarter. Invesco Ltd. boosted its position in shares of AT&T by 8.6% during the 3rd quarter. Invesco Ltd. now owns 57,823,362 shares of the technology company’s stock valued at $1,632,932,000 after purchasing an additional 4,584,316 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of AT&T by 1.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 50,375,637 shares of the technology company’s stock valued at $1,251,331,000 after purchasing an additional 482,321 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on T shares. Wall Street Zen lowered AT&T from a “hold” rating to a “sell” rating in a research report on Saturday, May 30th. Citigroup upped their target price on AT&T from $29.00 to $31.50 and gave the company a “buy” rating in a research report on Monday, March 23rd. Weiss Ratings lowered AT&T from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. BNP Paribas Exane cut their target price on AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Finally, Arete Research raised AT&T from a “sell” rating to a “neutral” rating and set a $28.00 price target on the stock in a research note on Tuesday, March 10th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, AT&T has an average rating of “Moderate Buy” and a consensus target price of $30.55.

AT&T Price Performance

T opened at $23.54 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 1.05. AT&T Inc. has a 52-week low of $22.32 and a 52-week high of $29.79. The company has a 50 day moving average of $25.32 and a two-hundred day moving average of $25.86. The company has a market cap of $163.56 billion, a P/E ratio of 7.90, a P/E/G ratio of 0.96 and a beta of 0.21.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.02. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The company had revenue of $31.51 billion during the quarter, compared to the consensus estimate of $31.29 billion. During the same period in the previous year, the firm earned $0.51 earnings per share. AT&T’s revenue for the quarter was up 2.9% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, analysts expect that AT&T Inc. will post 2.31 earnings per share for the current year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Friday, April 10th were paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.7%. The ex-dividend date was Friday, April 10th. AT&T’s payout ratio is currently 37.25%.

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.