Retirement Systems of Alabama cut its stake in AT&T Inc. (NYSE:T – Free Report) by 1.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,190,884 shares of the technology company’s stock after selling 26,937 shares during the period. Retirement Systems of Alabama’s holdings in AT&T were worth $45,351,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Barnes Pettey Financial Advisors LLC lifted its position in shares of AT&T by 34.8% during the 2nd quarter. Barnes Pettey Financial Advisors LLC now owns 10,725 shares of the technology company’s stock worth $222,000 after buying an additional 2,771 shares during the period. Meramec Financial Planners LLC grew its position in AT&T by 51.1% in the second quarter. Meramec Financial Planners LLC now owns 15,570 shares of the technology company’s stock valued at $322,000 after acquiring an additional 5,266 shares during the period. Victory Financial Group LLC raised its stake in AT&T by 7.3% during the second quarter. Victory Financial Group LLC now owns 14,537 shares of the technology company’s stock worth $301,000 after acquiring an additional 992 shares in the last quarter. Banco Santander S.A. raised its stake in AT&T by 467.7% during the second quarter. Banco Santander S.A. now owns 151,682 shares of the technology company’s stock worth $3,140,000 after acquiring an additional 124,962 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its holdings in shares of AT&T by 6.5% during the second quarter. Oregon Public Employees Retirement Fund now owns 854,027 shares of the technology company’s stock valued at $17,678,000 after acquiring an additional 52,300 shares during the period. Institutional investors own 57.10% of the company’s stock.
AT&T Stock Performance
Shares of NYSE:T opened at $24.89 on Friday. AT&T Inc. has a twelve month low of $19.89 and a twelve month high of $29.79. The firm has a market cap of $170.58 billion, a PE ratio of 8.24, a price-to-earnings-growth ratio of 1.00 and a beta of 0.23. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.93 and a current ratio of 0.97. The business has a fifty day moving average of $22.62 and a 200-day moving average of $25.25.
AT&T Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were paid a $0.2775 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.5%. AT&T’s payout ratio is currently 36.75%.
AT&T News Roundup
Here are the key news stories impacting AT&T this week:
- Positive Sentiment: AT&T is reinforcing its Hawaiian network and deploying disaster-response resources ahead of Tropical Storm Lala. The effort could strengthen customer trust and satisfaction, though the financial impact is likely modest unless it improves retention or attracts new subscribers. Can AT&T’s Disaster Connectivity Efforts Drive Customer Satisfaction?
- Positive Sentiment: AT&T’s chief marketing officer said customers with strong “brand love” are three times less likely to leave, 50% more likely to purchase a second product and less expensive to acquire. If sustained, those trends could lower churn and customer-acquisition costs while supporting revenue growth and profitability. AT&T’s CMO tied brand love to customer economics
- Positive Sentiment: One comparison concludes AT&T offers more upside potential than SpaceX based on stronger recent performance, a cheaper valuation and its 2026 growth outlook. This reinforces the value case behind AT&T’s low earnings multiple, although it does not represent a new company forecast. AT&T vs. SpaceX
- Neutral Sentiment: A post-earnings-sector review benchmarks AT&T against wireless, cable and satellite peers, offering broader context on its second-quarter performance but no clearly identified new catalyst in the available report. Wireless, Cable and Satellite Stocks Q2 Recap
- Negative Sentiment: Although AT&T has more than doubled over three years and still looks inexpensive on several valuation measures, its weaker recent performance and slower growth raise questions about how much further the shares can advance. AT&T Stock Still Looks a Bargain on Earnings but Weaker on Growth
- Negative Sentiment: SpaceX’s ambitions to capture a large share of internet traffic highlight a longer-term competitive threat to traditional connectivity providers, even though current comparisons favor AT&T’s valuation and outlook. SpaceX Internet Traffic Ambitions
Analysts Set New Price Targets
T has been the topic of several recent analyst reports. BNP Paribas Exane reduced their target price on shares of AT&T from $28.00 to $26.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. Oppenheimer cut shares of AT&T from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 3rd. Argus cut their price target on shares of AT&T from $33.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. Barclays decreased their price objective on shares of 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, Wells Fargo & Company raised their price objective on shares of AT&T from $18.00 to $20.00 and gave the stock an “underweight” rating in a report on Thursday, July 23rd. 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $29.19.
Read Our Latest Research Report on T
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.
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