AT&T Inc. $T Shares Sold by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP cut its AT&T stake by 20.9% in the second quarter, selling 517,391 shares and retaining 1.96 million shares valued at approximately $40.5 million. Institutional investors collectively own 57.1% of AT&T.
• AT&T reported quarterly EPS of $0.65, exceeding estimates of $0.59, while revenue rose 2.3% year over year to $31.56 billion. The company also maintains a quarterly dividend of $0.2775, equivalent to a 4.3% annualized yield.
• AT&T shares recently traded at $26.05, and analysts hold a “Moderate Buy” consensus rating with an average price target of $29.19, despite several firms lowering or raising individual targets.

Corient Private Wealth LP decreased its stake in AT&T Inc. (NYSE:T - Free Report) by 20.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,955,919 shares of the technology company's stock after selling 517,391 shares during the period. Corient Private Wealth LP's holdings in AT&T were worth $40,488,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in T. State Street Corp lifted its stake in AT&T by 2.6% in the fourth quarter. State Street Corp now owns 332,089,723 shares of the technology company's stock valued at $8,249,109,000 after buying an additional 8,314,678 shares during the last quarter. California State Teachers Retirement System grew its position in shares of AT&T by 1,920.3% during the second quarter. California State Teachers Retirement System now owns 221,126,798 shares of the technology company's stock worth $4,577,325,000 after acquiring an additional 210,181,579 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of AT&T by 4.6% in the 1st quarter. Bank of America Corp DE now owns 125,191,700 shares of the technology company's stock worth $3,629,307,000 after acquiring an additional 5,449,222 shares during the period. Norges Bank bought a new stake in AT&T in the 4th quarter valued at about $2,181,977,000. Finally, Bank of New York Mellon Corp boosted its stake in AT&T by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 75,323,574 shares of the technology company's stock valued at $1,559,198,000 after purchasing an additional 2,559,065 shares during the period. Institutional investors and hedge funds own 57.10% of the company's stock.

AT&T Stock Up 1.9%

Shares of T stock opened at $26.05 on Friday. AT&T Inc. has a 1 year low of $19.89 and a 1 year high of $29.79. The stock has a market cap of $178.48 billion, a PE ratio of 8.62, a price-to-earnings-growth ratio of 1.29 and a beta of 0.25. The business's fifty day moving average is $23.97 and its 200-day moving average is $25.07. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.93 and a current ratio of 0.97.

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 analysts' consensus estimates of $0.59 by $0.06. The company had revenue of $31.56 billion for 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%.The company's quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.54 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities analysts expect that AT&T Inc. will post 2.34 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were given a $0.2775 dividend. The ex-dividend date was Friday, July 10th. This represents a $1.11 annualized dividend and a yield of 4.3%. AT&T's payout ratio is 36.75%.

Key AT&T News

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

• Positive Sentiment: AT&T is offering up to $1,200 off the new iPhone 18 Pro, iPhone 18 Pro Max and iPhone Duo for customers who trade in eligible devices. The promotion could support upgrades, wireless subscriber additions and customer retention, reinforcing AT&T’s position during Apple’s product launch cycle. However, the cost of handset subsidies could limit near-term margin benefits. AT&T iPhone 18 promotion
• Positive Sentiment: CEO John Stankey described SpaceX’s Starlink as complementary rather than purely threatening to AT&T. A partnership-oriented approach could help AT&T extend coverage to rural and remote areas while preserving its core wireless, fiber and enterprise-network businesses. AT&T CEO discusses Starlink
• Positive Sentiment: Recent investor commentary argues that the market may be overstating the competitive threat from Starlink. Fiber expansion, wireless-fiber convergence and stronger customer stickiness are viewed as potential long-term drivers, while AT&T’s low earnings multiple may not fully reflect those opportunities. Analysis of AT&T and Starlink competition
• Neutral Sentiment: AT&T’s presentations at industry conferences and its CEO’s comments on the new Apple iPhone Duo are keeping management’s views on wireless, fiber, cloud and network demand in focus, but the available reports do not identify a major new financial outlook change. AT&T Bank of America conference presentation
• Neutral Sentiment: The election of Fazal F. Merchant to AT&T’s board adds finance and corporate-development experience, but is unlikely to materially change the near-term investment thesis. AT&T board appointment
• Negative Sentiment: Comparison coverage of AT&T and Nokia highlights that both companies must convert AI-related telecom spending, 5G, cloud and fiber investment into sustainable growth. The discussion underscores execution and competitive risks if AT&T’s growth continues to appear modest relative to technology-sector opportunities. AT&T versus Nokia comparison

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Royal Bank Of Canada dropped their price target on shares of AT&T from $31.00 to $27.00 and set an "outperform" rating on the stock in a research note on Monday, July 20th. Scotiabank reduced their price objective on AT&T from $31.00 to $29.25 and set a "sector perform" rating for the company in a research report on Wednesday, July 15th. Morgan Stanley increased their price objective on AT&T from $25.00 to $27.00 and gave the stock an "overweight" rating in a report on Thursday, July 23rd. Oppenheimer cut AT&T from an "outperform" rating to a "market perform" rating in a research report on Wednesday, June 3rd. Finally, Wells Fargo & Company lifted their target price on AT&T from $18.00 to $20.00 and gave the company an "underweight" rating in a research note on Thursday, July 23rd. One 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 given a Sell rating to the company's stock. Based on data from MarketBeat, AT&T has an average rating of "Moderate Buy" and a consensus target price of $29.19.

AT&T Profile

AT&T Inc NYSE: T is a telecommunications company that provides wireless communications, broadband internet, voice, and related connectivity services. Its offerings include mobile phone and data plans, fiber-optic internet, fixed wireless access, traditional voice services, and networking solutions for businesses and government customers.

The company serves consumers, businesses, and public-sector organizations primarily across the United States. AT&T also provides wireless services in Mexico and operates extensive communications networks that support mobile connectivity, internet access, data transmission, and enterprise communications.

AT&T traces its history to the development of the Bell System and has evolved through a series of reorganizations and acquisitions.

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