State Street Corp Has $6.92 Billion Stock Holdings in AT&T Inc. $T

State Street Corp increased its position in shares of AT&T Inc. (NYSE:T) by 5.8% during the 2nd quarter, Holdings Channel reports. The fund owned 334,273,613 shares of the technology company’s stock after buying an additional 18,468,679 shares during the quarter. State Street Corp’s holdings in AT&T were worth $6,919,464,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Blueline Advisors LLC acquired a new stake in shares of AT&T during the fourth quarter worth about $26,000. Winnow Wealth LLC increased its position in shares of AT&T by 362.8% during the fourth quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company’s stock worth $26,000 after acquiring an additional 820 shares in the last quarter. Orion Capital Management LLC bought a new stake in AT&T in the 2nd quarter valued at $26,000. Addison Advisors LLC bought a new position in AT&T during the 2nd quarter worth about $27,000. Finally, Fairway Wealth LLC bought a new stake in shares of AT&T in the first quarter valued at about $29,000. Institutional investors own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Argus decreased their price target on shares of AT&T from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, July 23rd. TD Cowen upped their price objective on AT&T from $32.00 to $33.00 and gave the stock a “hold” rating in a research note on Thursday, July 23rd. Wall Street Zen upgraded shares of AT&T from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. The Goldman Sachs Group set a $30.00 price target on AT&T in a research report on Wednesday, July 22nd. Finally, Weiss Ratings raised AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 3rd. Twelve analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.20.

AT&T Stock Performance

Shares of T traded down $0.30 during mid-day trading on Tuesday, hitting $25.15. 14,590,465 shares of the company’s stock were exchanged, compared to its average volume of 48,766,477. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 1.06. The firm has a market cap of $172.35 billion, a price-to-earnings ratio of 8.32, a price-to-earnings-growth ratio of 1.26 and a beta of 0.25. The stock’s 50-day simple moving average is $24.55 and its 200-day simple moving average is $24.95. AT&T Inc. has a 52 week low of $19.89 and a 52 week high of $29.43.

AT&T (NYSE:T) last released its earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. AT&T had a return on equity of 12.86% and a net margin of 16.94%.The firm had revenue of $31.56 billion during the quarter, compared to the consensus estimate of $31.80 billion. During the same period in the prior year, the company posted $0.54 EPS. The company’s revenue was up 2.3% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, equities research analysts expect that AT&T Inc. will post 2.34 EPS for the current year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.4%. The ex-dividend date was Friday, July 10th. AT&T’s dividend payout ratio is currently 36.75%.

AT&T Company Profile

AT&T Inc (NYSE:T) is a telecommunications company that provides wireless communications, broadband internet, voice, and related connectivity services. Its offerings include mobile phone and data plans, fiber-optic internet, fixed wireless access, traditional voice services, and networking solutions for businesses and government customers.

The company serves consumers, businesses, and public-sector organizations primarily across the United States. AT&T also provides wireless services in Mexico and operates extensive communications networks that support mobile connectivity, internet access, data transmission, and enterprise communications.

AT&T traces its history to the development of the Bell System and has evolved through a series of reorganizations and acquisitions.