Arizona State Retirement System Has $50.68 Million Stock Holdings in AT&T Inc. $T

Key Points

• Arizona State Retirement System trimmed its AT&T stake by 2.9% in Q4, selling 61,208 shares and now holds 2,040,155 shares valued at $50.68 million.
• AT&T beat Q1 estimates, reporting $31.51 billion in revenue and $0.57 EPS with strong wireless and broadband subscriber adds, and it reiterated FY2026 EPS guidance of $2.25–$2.35.
• Dividend and institutional activity: AT&T declared a $0.2775 quarterly dividend (annualized $1.11, ~4.2% yield), institutional investors own about 57.1% of the stock, and several funds materially changed positions (e.g., Public Sector Pension Investment Board +140.8%).

Arizona State Retirement System trimmed its holdings in AT&T Inc. (NYSE:T - Free Report) by 2.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,040,155 shares of the technology company's stock after selling 61,208 shares during the period. Arizona State Retirement System's holdings in AT&T were worth $50,677,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in T. Csenge Advisory Group raised its holdings in shares of AT&T by 20.3% in the third quarter. Csenge Advisory Group now owns 189,293 shares of the technology company's stock valued at $5,346,000 after purchasing an additional 31,935 shares during the last quarter. Rhumbline Advisers grew its position in AT&T by 0.4% in the 3rd quarter. Rhumbline Advisers now owns 12,810,872 shares of the technology company's stock worth $361,779,000 after purchasing an additional 49,727 shares in the last quarter. Wealthfront Advisers LLC grew its position in AT&T by 4.9% in the 3rd quarter. Wealthfront Advisers LLC now owns 1,411,031 shares of the technology company's stock worth $39,848,000 after purchasing an additional 66,448 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in AT&T by 1.4% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,133,054 shares of the technology company's stock valued at $512,077,000 after buying an additional 248,567 shares during the last quarter. Finally, Public Sector Pension Investment Board increased its stake in AT&T by 140.8% in the 3rd quarter. Public Sector Pension Investment Board now owns 2,888,630 shares of the technology company's stock valued at $81,575,000 after buying an additional 1,689,073 shares during the last quarter. 57.10% of the stock is owned by institutional investors.

Trending Headlines about AT&T

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

• Positive Sentiment: Q1 beat — AT&T reported $31.51B revenue and $0.57 adjusted EPS, topping estimates, with strong postpaid and broadband adds that validate the bundling/convergence strategy. Read More.
• Positive Sentiment: Subscriber momentum — The company added more wireless subscribers and ~584k internet subscribers in Q1, with nearly 45% of advanced internet customers bundling wireless, supporting future ARPU and retention. Read More.
• Positive Sentiment: Fiber strategy endorsement — Multiple write-ups highlight broadband/fiber as a durable growth driver and a reason to favor the stock for income-plus-growth investors. Read More.
• Positive Sentiment: Income case remains intact — Coverage notes AT&T’s ~4.4% dividend yield and steady cash returns make it attractive for yield-focused portfolios despite near-term noise. Read More.
• Neutral Sentiment: Guidance reiterated — AT&T kept FY2026 EPS guidance at $2.25–$2.35 and reiterated capital return plans, which calms downside surprise risk but stops upside from an upgraded outlook. Read More.
• Neutral Sentiment: Analyst note — Scotiabank trimmed its price target slightly to $31.00 but keeps a "sector perform" view, signaling mixed-but-not-bearish sentiment. Read More.
• Negative Sentiment: Free cash flow and capex concerns — Investors focused on a year-over-year FCF decline (about $2.5B vs ~$3.1B prior year) tied to higher network investment (fiber capex), which pressured the stock despite the beat. Read More.
• Negative Sentiment: Analyst downgrade/target cut — BNP Paribas Exane cut its price target to $26 and set a "neutral" rating, a near-term headwind for sentiment given the lower implied upside. Read More.
• Negative Sentiment: Longer-term risks flagged — Some commentators warn that legacy revenue erosion and wireless margin pressures could constrain multi-year upside despite fiber gains. Read More.

AT&T Price Performance

Shares of NYSE T opened at $26.62 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.86 and a debt-to-equity ratio of 1.05. The stock has a fifty day simple moving average of $27.76 and a two-hundred day simple moving average of $26.05. AT&T Inc. has a 1-year low of $22.95 and a 1-year high of $29.79. The firm has a market cap of $185.87 billion, a price-to-earnings ratio of 8.93, a price-to-earnings-growth ratio of 0.95 and a beta of 0.34.

AT&T (NYSE:T - Get Free Report) last issued its earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.02. AT&T had a return on equity of 12.49% and a net margin of 16.94%.The firm had revenue of $31.51 billion for the quarter, compared to analyst estimates of $31.29 billion. During the same period in the previous year, the company posted $0.51 earnings per share. The business's revenue was up 2.9% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Analysts anticipate that AT&T Inc. will post 2.3 earnings per share for the current year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 10th will be paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Friday, April 10th. AT&T's payout ratio is currently 36.39%.

Analyst Ratings Changes

T has been the topic of a number of research analyst reports. Weiss Ratings restated a "buy (b-)" rating on shares of AT&T in a research note on Monday, December 29th. Oppenheimer increased their price target on AT&T from $29.00 to $32.00 and gave the company an "outperform" rating in a research report on Wednesday, March 11th. Wells Fargo & Company dropped their price target on AT&T from $29.00 to $27.00 and set an "overweight" rating on the stock in a report on Monday, January 26th. Barclays cut their price objective on AT&T from $28.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 13th. Finally, Scotiabank decreased their target price on AT&T from $31.50 to $31.00 and set a "sector perform" rating for the company in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $30.70.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.