PensionDanmark Pensionsforsikringsaktieselskab increased its position in AT&T Inc. (NYSE:T – Free Report) by 7.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,489,387 shares of the technology company’s stock after buying an additional 107,264 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in AT&T were worth $30,830,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in T. Brighton Jones LLC lifted its position in AT&T by 26.5% during the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock valued at $1,106,000 after buying an additional 10,188 shares in the last quarter. Osterweis Capital Management Inc. raised its stake in shares of AT&T by 4,352.9% in the 2nd quarter. Osterweis Capital Management Inc. now owns 6,234 shares of the technology company’s stock valued at $180,000 after acquiring an additional 6,094 shares during the period. Main Street Financial Solutions LLC raised its stake in shares of AT&T by 4.0% in the 2nd quarter. Main Street Financial Solutions LLC now owns 26,796 shares of the technology company’s stock valued at $775,000 after acquiring an additional 1,022 shares during the period. HUB Investment Partners LLC lifted its holdings in shares of AT&T by 19.6% during the 2nd quarter. HUB Investment Partners LLC now owns 55,730 shares of the technology company’s stock valued at $1,613,000 after acquiring an additional 9,115 shares in the last quarter. Finally, Peapack Gladstone Financial Corp lifted its holdings in shares of AT&T by 1.8% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 207,063 shares of the technology company’s stock valued at $5,992,000 after acquiring an additional 3,677 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.
Trending Headlines about AT&T
Here are the key news stories impacting AT&T this week:
- Positive Sentiment: Network capacity upgrade: AT&T selected Ericsson to deploy 600 MHz dual-band radios using spectrum acquired from EchoStar. The investment is expected to improve wireless capacity, coverage, reliability and performance nationwide, potentially supporting customer satisfaction and retention. AT&T and Ericsson Enhance Wireless Capacity, Coverage, and Performance Nationwide
- Positive Sentiment: Quantum-computing collaboration: AT&T’s expanded relationship with D-Wave Quantum produced a reported 240-times improvement in a network-optimization application. While the commercial and financial impact is still uncertain, successful deployment could improve AT&T’s operational efficiency and demonstrate new enterprise uses for quantum computing. Will AT&T’s Expanded Quantum Deal Turn D-Wave Into a Scalable Enterprise Player?
- Positive Sentiment: Product expansion: AT&T launched the amiGO Jr. Tab 2, a $4.99-per-month kids’ tablet that runs on its 5G network. The niche product strengthens AT&T’s differentiated device lineup, though its direct effect on revenue is likely modest. AT&T’s Exclusive Kids Device Line Gets an Upgrade
- Negative Sentiment: Competitive pressure from SpaceX: SpaceX plans to combine Starlink satellite connectivity with terrestrial infrastructure to build a broader mobile service. The prospect of direct competition with AT&T, Verizon and T-Mobile pressured telecom stocks and could increase industry pricing, customer-acquisition and capital-spending challenges. SpaceX Plans Terrestrial Mobile Network to Rival AT&T
Wall Street Analyst Weigh In
Read Our Latest Report on AT&T
AT&T Trading Up 2.7%
Shares of NYSE T opened at $23.68 on Friday. 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 stock has a market capitalization of $162.24 billion, a P/E ratio of 7.84, a PEG ratio of 0.94 and a beta of 0.23. AT&T Inc. has a 52-week low of $19.89 and a 52-week high of $29.79. The stock’s 50 day moving average price is $22.56 and its two-hundred day moving average price is $25.23.
AT&T (NYSE:T – Get Free Report) last issued its earnings results on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. The company had revenue of $31.56 billion during the quarter, compared to the consensus estimate of $31.80 billion. AT&T had a return on equity of 12.86% and a net margin of 16.94%.AT&T’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, analysts anticipate that AT&T Inc. will post 2.34 earnings per share for the current fiscal year.
AT&T Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were issued a dividend of $0.2775 per share. 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 payout ratio is 36.75%.
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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