MFG Wealth Management Inc. Raises Holdings in AT&T Inc. $T

Posted by Francis Steltz on Aug 8th, 2026

AT&T logo MFG Wealth Management Inc. raised its stake in AT&T Inc. (NYSE:T – Free Report) by 47.9% during the second quarter, Holdings Channel.com reports. The firm owned 104,514 shares of the technology company’s stock after purchasing an additional 33,847 shares during the quarter. AT&T accounts for about 1.5% of MFG Wealth Management Inc.’s portfolio, making the stock its 24th largest position. MFG Wealth Management Inc.’s holdings in AT&T were worth $2,163,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. IFM Investors Pty Ltd increased its position in shares of AT&T by 5.3% in the 1st quarter. IFM Investors Pty Ltd now owns 1,488,172 shares of the technology company’s stock valued at $43,142,000 after purchasing an additional 74,684 shares during the last quarter. Parr Mcknight Wealth Management Group LLC purchased a new stake in shares of AT&T during the 1st quarter worth $2,901,000. Annex Advisory Services LLC grew its stake in shares of AT&T by 749.1% during the fourth quarter. Annex Advisory Services LLC now owns 159,598 shares of the technology company’s stock worth $3,964,000 after purchasing an additional 140,802 shares in the last quarter. World Investment Advisors grew its stake in shares of AT&T by 85.0% during the fourth quarter. World Investment Advisors now owns 338,942 shares of the technology company’s stock worth $8,419,000 after purchasing an additional 155,728 shares in the last quarter. Finally, Cerity Partners LLC increased its holdings in AT&T by 3.7% in the fourth quarter. Cerity Partners LLC now owns 1,668,862 shares of the technology company’s stock valued at $41,449,000 after buying an additional 59,279 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Key Headlines Impacting AT&T

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

Positive Sentiment: Expanded spectrum strengthens AT&T’s network outlook. AT&T completed its $23 billion acquisition of wireless spectrum licenses from EchoStar on July 28. The additional roughly 50 MHz of low- and mid-band spectrum covers more than 400 U.S. markets and should help the company handle traffic growth, improve reliability and support 5G performance. AT&T (T) Bulks Up Its Spectrum As SpaceX Fears Ease
Positive Sentiment: Ericsson collaboration could accelerate customer benefits. Ericsson will provide 600 MHz dual-band radios to help AT&T deploy the newly acquired spectrum nationwide. The equipment is expected to improve coverage, capacity, call reliability and overall wireless performance, supporting AT&T’s competitiveness after recent pricing actions. AT&T and Ericsson Enhance Wireless Capacity, Coverage, and Performance Nationwide
Positive Sentiment: Quantum-computing partnership highlights enterprise innovation. AT&T’s work with D-Wave produced a reported 240-fold improvement in a network-optimization application, potentially demonstrating practical uses for quantum computing. While not yet a major earnings driver, the project supports AT&T’s technology credentials and could improve operational efficiency over time. D-Wave Quantum Just Got a 240x Boost From AT&T
Neutral Sentiment: New Plano headquarters signals a long-term corporate commitment. The former EDS “God Pod” in Plano is scheduled for demolition to make way for AT&T’s planned billion-dollar headquarters. The project may support employee consolidation and corporate visibility, but its direct effect on near-term financial results is limited. Old EDS “God Pod” to be Imploded for AT&T’s New Billion-Dollar HQ
Negative Sentiment: Large spending commitments remain a risk. The spectrum purchase and AT&T’s broader plans to invest more than $250 billion in network infrastructure over five years could pressure free cash flow and leverage. Recent wireless price increases may help offset costs, but they also risk customer pushback in a competitive market. Will AT&T’s Expanded Quantum Deal Turn D-Wave Into a Scalable Enterprise Player?

AT&T Price Performance

T stock opened at $23.80 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $163.10 billion, a P/E ratio of 7.88, a PEG ratio of 0.97 and a beta of 0.23. The business has a 50 day simple moving average of $22.54 and a 200-day simple moving average of $25.22. AT&T Inc. has a twelve month low of $19.89 and a twelve month high of $29.79.

AT&T (NYSE:T – Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.59 by $0.06. The firm had revenue of $31.56 billion during 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.54 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, equities analysts anticipate that AT&T Inc. will post 2.34 EPS for the current year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend was Friday, July 10th. AT&T’s dividend payout ratio is presently 36.75%.

Analysts Set New Price Targets

A number of research analysts have recently commented on T shares. TD Cowen increased their price objective on AT&T from $32.00 to $33.00 and gave the company a “hold” rating in a report on Thursday, July 23rd. Sanford C. Bernstein reiterated an “outperform” rating and issued a $25.00 price target on shares of AT&T in a research note on Monday, July 13th. Morgan Stanley raised their price objective on shares of AT&T from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Barclays dropped their target price on shares of AT&T from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 8th. Finally, Weiss Ratings raised shares of AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, AT&T has an average rating of “Moderate Buy” and an average target price of $29.19.

View Our Latest Analysis on T

About AT&T

(Free Report)

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.