4,754,038 Shares in AT&T Inc. $T Purchased by Danske Bank A S

Danske Bank A S purchased a new position in AT&T Inc. (NYSE:T - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 4,754,038 shares of the technology company's stock, valued at approximately $98,409,000. Danske Bank A S owned approximately 0.07% of AT&T at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Fairway Wealth LLC acquired a new position in shares of AT&T in the 1st quarter worth approximately $29,000. Robinswood Financial LLC bought a new stake in shares of AT&T in the 1st quarter worth approximately $29,000. Safe Harbor Fiduciary LLC acquired a new stake in AT&T during the fourth quarter valued at approximately $25,000. Rachor Investment Advisory Services LLC acquired a new stake in AT&T during the fourth quarter valued at approximately $25,000. Finally, Cresta Advisors Ltd. acquired a new stake in AT&T during the fourth quarter valued at approximately $26,000. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Price Performance

NYSE T opened at $25.33 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. AT&T Inc. has a 1 year low of $19.89 and a 1 year high of $29.79. The company has a market cap of $173.57 billion, a PE ratio of 8.39, a PEG ratio of 1.03 and a beta of 0.23. The stock's 50-day moving average price is $22.83 and its two-hundred day moving average price is $25.27.

AT&T (NYSE:T - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.59 by $0.06. The company had revenue of $31.56 billion during the quarter, compared to analysts' expectations of $31.80 billion. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The business's revenue for the quarter was up 2.3% on a year-over-year basis. During the same period last year, the company posted $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, analysts predict that AT&T Inc. will post 2.34 EPS for the current year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were given a $0.2775 dividend. 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 36.75%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. The Goldman Sachs Group set a $30.00 target price on shares of AT&T in a report on Wednesday, July 22nd. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $25.00 price target on shares of AT&T in a report on Monday, July 13th. Royal Bank Of Canada cut their price objective on AT&T from $31.00 to $27.00 and set an "outperform" rating for the company in a research report on Monday, July 20th. TD Cowen raised 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. Finally, Scotiabank decreased their target price 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. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $29.19.

AT&T News Summary

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

• Positive Sentiment: AT&T’s post-earnings momentum remains constructive: the company reported quarterly EPS of $0.65 versus the $0.59 consensus estimate, while revenue increased 2.3% year over year. Analysts are watching whether earnings estimates and the stock’s advance can continue. AT&T Up 9.5% Since Last Earnings Report
• Positive Sentiment: AT&T’s Advanced Connectivity business is gaining traction through fiber expansion, customer convergence and rising demand for AI-related network capacity. This supports the company’s longer-term growth outlook and helps offset slower legacy operations. AT&T Rides on Strength in Advanced Connectivity
• Positive Sentiment: A partnership with Hark gives AT&T exposure to emerging AI-native consumer devices. AT&T will invest in Hark and provide connectivity, certification and infrastructure support, potentially creating incremental traffic and device-related revenue opportunities. Hark and AT&T Partner on Connectivity for Future AI Devices
• Positive Sentiment: AT&T reportedly reduced the cost of coding and other AI tasks by as much as 56% by using model-routing tools and open-source systems, with only a modest decline in output quality. Lower internal AI costs could support productivity and margins. AT&T Slashes AI Costs by Adopting Model Routers and Open Source
• Neutral Sentiment: Analysts continue to highlight AT&T as a highly ranked value and income stock, with a roughly 4.5% dividend yield and a low earnings multiple. However, the company’s growth is expected to remain moderate, making customer revenue increases important. AT&T Is a Top-Ranked Value Stock
• Negative Sentiment: Bernstein cautions that SpaceX’s potential telecom ambitions could intensify competition for AT&T, Verizon and T-Mobile. Meanwhile, heavy capital spending, elevated interest rates and industry balance-sheet pressures remain risks. Bernstein Remains Bullish on SpaceX

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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