Dai ichi Life Insurance Company Ltd cut its position in shares of AT&T Inc. (NYSE:T – Free Report) by 7.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 846,516 shares of the technology company’s stock after selling 70,610 shares during the quarter. AT&T accounts for 0.7% of Dai ichi Life Insurance Company Ltd’s portfolio, making the stock its 27th largest position. Dai ichi Life Insurance Company Ltd’s holdings in AT&T were worth $24,540,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Rockbridge Investment Management LCC purchased a new position in AT&T during the 1st quarter worth approximately $485,000. FCA Corp TX raised its stake in AT&T by 9.0% during the 1st quarter. FCA Corp TX now owns 51,040 shares of the technology company’s stock valued at $1,480,000 after purchasing an additional 4,205 shares during the period. Compound Planning Inc. lifted its holdings in shares of AT&T by 15.4% in the first quarter. Compound Planning Inc. now owns 165,163 shares of the technology company’s stock valued at $4,788,000 after purchasing an additional 22,043 shares in the last quarter. Klingman & Associates LLC lifted its holdings in shares of AT&T by 7.4% in the first quarter. Klingman & Associates LLC now owns 22,163 shares of the technology company’s stock valued at $643,000 after purchasing an additional 1,521 shares in the last quarter. Finally, Modern Wealth Management LLC boosted its position in shares of AT&T by 3.3% in the first quarter. Modern Wealth Management LLC now owns 91,934 shares of the technology company’s stock worth $2,603,000 after buying an additional 2,935 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on T shares. Scotiabank lowered their price target on AT&T from $31.00 to $29.25 and set a “sector perform” rating on the stock in a report on Wednesday, July 15th. TD Cowen increased 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. Wall Street Zen upgraded AT&T from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. Barclays lowered their target price on AT&T from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 8th. Finally, Oppenheimer downgraded AT&T from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, AT&T presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.19.
AT&T Trading Up 4.8%
AT&T stock opened at $24.05 on Friday. The company’s fifty day simple moving average is $22.79 and its 200-day simple moving average is $25.23. The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 1.06. AT&T Inc. has a 12 month low of $19.89 and a 12 month high of $29.79. The stock has a market cap of $167.14 billion, a P/E ratio of 7.97, a P/E/G ratio of 0.90 and a beta of 0.24.
AT&T (NYSE:T – Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The business had revenue of $31.56 billion for the quarter, compared to the consensus estimate of $31.80 billion. During the same period in the prior year, the business posted $0.54 earnings per share. AT&T’s revenue for the quarter 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. As a group, sell-side analysts forecast that AT&T Inc. will post 2.32 EPS for the current fiscal year.
AT&T Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 10th will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Friday, July 10th. AT&T’s dividend payout ratio is presently 36.75%.
Key Headlines Impacting AT&T
Here are the key news stories impacting AT&T this week:
- Positive Sentiment: AT&T reported better-than-expected Q2 adjusted earnings of $0.65 per share, helped by strong wireless subscriber growth, reinforcing confidence in its core business. Stock Market Today, July 22: AT&T Beats Earnings on Strong Wireless Subscriber Growth
- Positive Sentiment: Wolfe Research upgraded AT&T after the earnings release, saying the stock looks attractive following the quarter and that fears around SpaceX competition may be overstated. Wolfe Research Just Upgraded AT&T Stock. Here’s Why.
- Positive Sentiment: Analysts highlighted AT&T’s fiber-led growth path, with fiber, wireless convergence, and copper shutdowns supporting margin gains, buybacks, and an intact 2026 outlook. T Q2 Earnings Call Points to Fiber-Led Growth Path
- Neutral Sentiment: AT&T saw unusually heavy call-option buying, which suggests traders are positioning for further upside after the earnings-driven rally. Wolfe Research Just Upgraded AT&T Stock. Here’s Why.
- Negative Sentiment: One headline about an AT&T internet outage could weigh on sentiment by reminding investors of service reliability risks, though it appears to be a limited operational issue. ATT internet outage for some. AT and T outage Thursday
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.
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