AT&T Inc. $T Shares Sold by Jackson Square Capital LLC

Key Points

• Jackson Square Capital trimmed its AT&T stake by 51.0% in Q4, selling 163,869 shares and leaving 157,450 shares valued at $3.91 million.
• Several large institutions materially increased positions—including Amundi, Woodline Partners, SG Americas, CalPERS and Invesco—leaving institutional ownership at about 57.1%, signaling mixed large-scale reallocations around T.
• AT&T beat quarterly EPS estimates ($0.52 vs. $0.46), set FY2026 guidance of 2.25–2.35 EPS, declared a $0.2775 quarterly dividend (annual $1.11, ~4.1% yield), and carries a consensus analyst rating of “Moderate Buy” with a $30.74 target.

Jackson Square Capital LLC trimmed its position in AT&T Inc. (NYSE:T - Free Report) by 51.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 157,450 shares of the technology company's stock after selling 163,869 shares during the quarter. Jackson Square Capital LLC's holdings in AT&T were worth $3,911,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of T. Amundi raised its holdings in shares of AT&T by 67.5% in the 3rd quarter. Amundi now owns 42,295,492 shares of the technology company's stock valued at $1,094,184,000 after purchasing an additional 17,040,328 shares in the last quarter. Woodline Partners LP raised its holdings in shares of AT&T by 931.4% in the 3rd quarter. Woodline Partners LP now owns 8,027,708 shares of the technology company's stock valued at $226,702,000 after purchasing an additional 7,249,373 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of AT&T by 222.7% in the 4th quarter. SG Americas Securities LLC now owns 6,846,868 shares of the technology company's stock valued at $170,076,000 after purchasing an additional 4,725,382 shares in the last quarter. California Public Employees Retirement System raised its holdings in shares of AT&T by 23.2% in the 3rd quarter. California Public Employees Retirement System now owns 24,472,780 shares of the technology company's stock valued at $691,111,000 after purchasing an additional 4,613,259 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of AT&T by 8.6% in the 3rd quarter. Invesco Ltd. now owns 57,823,362 shares of the technology company's stock valued at $1,632,932,000 after purchasing an additional 4,584,316 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T News Summary

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

• Positive Sentiment: Frost & Sullivan and other recognitions highlight AT&T’s leadership in public-safety connectivity and FirstNet, reinforcing its competitive moat in mission-critical services; management’s multi-year restructuring (business segmentation, operational changes, HQ move to Plano) could improve margins and execution over time. AT&T’s Public Safety Award And Restructuring Shape Future Connectivity Story
• Positive Sentiment: AT&T appears on lists of defensive names holding up during market stress due to steady cash flow, a ~4% yield and modest payout ratio — an attractive income/defensive option for yield-seeking investors. The Market Is Selling Everything, But These 5 Stocks Aren't Breaking Down
• Neutral Sentiment: Comparisons with Verizon note nuance: AT&T’s balance-sheet cleanup and restructuring could make its dividend relatively safer over time, but the peer landscape means investors should evaluate coverage and cash flow trends rather than yield alone. Verizon vs. AT&T: One Telecom Dividend Is on Shaky Ground
• Negative Sentiment: Macro-driven rotation pushed investors out of defensive telecoms into higher-beta names after a drop in oil on hopes of a U.S.-Iran ceasefire; that flow dynamic is cited as the immediate driver of intraday selling pressure in AT&T shares. Why AT&T Shares Are Falling Wednesday
• Negative Sentiment: Competitive risk from SpaceX/Starlink developments — industry commentary frames Starlink as a potential competitor or disruptor to traditional wireless players, adding a strategic risk vector investors may price into telecom multiples. SpaceX Just Gave Bad News to AT&T, Verizon, and T-Mobile Investors
• Negative Sentiment: Large institutional portfolio moves and Q4 2025 hedge-fund rebalancing (notably significant reductions by some big managers) suggest ongoing active reallocation away from T by certain institutions — a factor that can amplify downward pressure during market sell-offs. Lobbying Update: $20,000 of AT&T SERVICES INC. lobbying was just disclosed

AT&T Price Performance

Shares of NYSE:T opened at $27.34 on Thursday. The company's fifty day moving average price is $27.97 and its 200 day moving average price is $26.18. AT&T Inc. has a 12 month low of $22.95 and a 12 month high of $29.79. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.91 and a quick ratio of 0.86. The firm has a market capitalization of $190.90 billion, a P/E ratio of 8.96, a P/E/G ratio of 1.06 and a beta of 0.34.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings results on Wednesday, January 28th. The technology company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.46 by $0.06. AT&T had a net margin of 17.47% and a return on equity of 12.33%. The firm had revenue of $33.47 billion for the quarter, compared to analyst estimates of $32.91 billion. During the same period last year, the business earned $0.43 EPS. AT&T's revenue for the quarter was up 3.6% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, sell-side analysts predict that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.1%. The ex-dividend date is Friday, April 10th. AT&T's dividend payout ratio (DPR) is currently 36.39%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on T shares. Citigroup raised their price objective on shares of AT&T from $29.00 to $31.50 and gave the company a "buy" rating in a report on Monday, March 23rd. KeyCorp raised their price objective on shares of AT&T from $30.00 to $36.00 and gave the company an "overweight" rating in a report on Wednesday, March 25th. Weiss Ratings restated a "buy (b-)" rating on shares of AT&T in a report on Monday, December 29th. The Goldman Sachs Group reduced their price objective on shares of AT&T from $33.00 to $29.00 and set a "buy" rating on the stock in a report on Friday, December 19th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $31.00 price target on shares of AT&T in a research note on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $30.74.

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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