Aberdeen Group plc Boosts Stock Position in AT&T Inc. $T

Key Points

• Aberdeen Group increased its AT&T position by 4.1% in the second quarter, adding 210,710 shares to hold 5.34 million shares valued at approximately $110.5 million. Institutional investors collectively own 57.1% of the stock.
• Analyst sentiment remains a “Moderate Buy”, with an average price target of $29.19, although several brokerages recently lowered their targets or ratings.
• AT&T’s latest quarterly results showed adjusted EPS of $0.65, beating estimates, while revenue rose 2.3% year over year but fell slightly short of expectations. The company also offers a quarterly dividend of $0.2775, equivalent to a 4.5% annualized yield.

Aberdeen Group plc raised its holdings in AT&T Inc. (NYSE:T - Free Report) by 4.1% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,340,103 shares of the technology company's stock after acquiring an additional 210,710 shares during the quarter. Aberdeen Group plc owned approximately 0.08% of AT&T worth $110,540,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in T. Fairway Wealth LLC bought a new position in AT&T in the first quarter worth approximately $29,000. Robinswood Financial LLC bought a new stake in shares of AT&T in the first quarter valued at about $29,000. Safe Harbor Fiduciary LLC purchased a new stake in AT&T in the fourth quarter worth about $25,000. Rachor Investment Advisory Services LLC purchased a new position in AT&T during the 4th quarter valued at about $25,000. Finally, Cresta Advisors Ltd. purchased a new position in AT&T during the 4th quarter valued at about $26,000. 57.10% of the stock is currently owned by institutional investors.

Key AT&T News

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

Several brokerages have recently weighed in on T. Oppenheimer cut shares of AT&T from an "outperform" rating to a "market perform" rating in a research report on Wednesday, June 3rd. Royal Bank Of Canada cut their price objective on shares of AT&T from $31.00 to $27.00 and set an "outperform" rating on the stock in a report on Monday, July 20th. Scotiabank reduced their price objective on shares of AT&T from $31.00 to $29.25 and set a "sector perform" rating for the company in a research note on Wednesday, July 15th. Barclays lowered their target price on AT&T from $26.00 to $24.00 and set an "equal weight" rating for the company in a report on Wednesday, July 8th. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating and set a $25.00 target price on shares of AT&T in a research report on Monday, July 13th. One research 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 MarketBeat, AT&T currently has an average rating of "Moderate Buy" and an average price target of $29.19.

AT&T Stock Up 0.0%

Shares of AT&T stock opened at $24.89 on Monday. The firm's 50 day moving average price is $22.62 and its 200-day moving average price is $25.26. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 1.06. AT&T Inc. has a 52-week low of $19.89 and a 52-week high of $29.79. The company has a market cap of $170.58 billion, a P/E ratio of 8.24, a PEG ratio of 1.01 and a beta of 0.23.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $31.56 billion during the quarter, compared to analyst estimates 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 was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.54 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, sell-side analysts predict that AT&T Inc. will post 2.34 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were given 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 dividend payout ratio (DPR) is presently 36.75%.

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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