AT&T Inc. $T Shares Sold by Russell Investments Group Ltd.

Key Points

• Russell Investments Group reduced its AT&T stake by 3.3%, selling 355,986 shares and retaining 10.45 million shares worth approximately $217.7 million. Institutional investors collectively own 57.1% of the company.
• Analysts maintain a generally positive view, with AT&T carrying a “Moderate Buy” consensus rating and an average price target of $29.19, despite several recent target-price reductions.
• AT&T beat quarterly earnings expectations with EPS of $0.65 versus $0.59 estimated, while revenue rose 2.3% year over year. The company also pays a quarterly dividend of $0.2775, equal to an annualized yield of about 4.4%.

Russell Investments Group Ltd. reduced its position in AT&T Inc. (NYSE:T - Free Report) by 3.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,452,106 shares of the technology company's stock after selling 355,986 shares during the quarter. Russell Investments Group Ltd. owned about 0.15% of AT&T worth $217,718,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Rachor Investment Advisory Services LLC acquired a new stake in AT&T during the 4th quarter worth $25,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of AT&T in the fourth quarter valued at about $25,000. Cresta Advisors Ltd. acquired a new stake in shares of AT&T during the fourth quarter worth about $26,000. Blueline Advisors LLC acquired a new stake in shares of AT&T during the fourth quarter worth about $26,000. Finally, Winnow Wealth LLC grew its holdings in shares of AT&T by 362.8% during the fourth quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company's stock worth $26,000 after buying an additional 820 shares during the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on T shares. BNP Paribas Exane reduced their price objective on AT&T from $28.00 to $26.00 and set a "neutral" rating for the company in a research note on Thursday, April 23rd. Scotiabank decreased their price target on AT&T from $31.00 to $29.25 and set a "sector perform" rating for the company in a report on Wednesday, July 15th. Royal Bank Of Canada cut their price objective on shares of AT&T from $31.00 to $27.00 and set an "outperform" rating for the company in a research report on Monday, July 20th. Barclays lowered their target price on shares of AT&T from $26.00 to $24.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 8th. Finally, Wells Fargo & Company raised their price objective on shares of AT&T from $18.00 to $20.00 and gave the company an "underweight" rating in a research report on Thursday, July 23rd. 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. Based on data from MarketBeat, AT&T has an average rating of "Moderate Buy" and a consensus target price of $29.19.

AT&T Price Performance

AT&T stock opened at $25.21 on Friday. The company has a market cap of $172.75 billion, a P/E ratio of 8.35, a price-to-earnings-growth ratio of 1.02 and a beta of 0.23. AT&T Inc. has a one year low of $19.89 and a one year high of $29.79. The business has a fifty day moving average of $22.79 and a two-hundred day moving average of $25.27. 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 results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of $0.59 by $0.06. The business had revenue of $31.56 billion for 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 in the prior year, the company posted $0.54 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, analysts predict that AT&T Inc. will post 2.34 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were issued 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 yield of 4.4%. AT&T's dividend payout ratio (DPR) is 36.75%.

Key Stories Impacting AT&T

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

• Positive Sentiment: AT&T reportedly reduced expenses for coding and other advanced AI tasks by as much as 56% by routing workloads to lower-cost models and using open-source technology. The reported quality decline was only about 2%, suggesting a meaningful opportunity to improve efficiency and margins. AT&T Slashes AI Costs by Adopting Model Routers and Open Source
• Positive Sentiment: AT&T partnered with, and invested in, Hark to support AI-native consumer devices through network connectivity, device certification and infrastructure. The deal could create future wireless demand and position AT&T to participate in emerging AI hardware markets, although near-term financial benefits are unclear. Hark and AT&T Partner on Connectivity for Future AI Devices
• Positive Sentiment: Coverage points to continued momentum in AT&T’s Advanced Connectivity segment, supported by fiber expansion, customer convergence and rising demand for networks capable of handling AI workloads. Sustained execution could provide a growth catalyst beyond the company’s traditional wireless operations. T Rides on Strength in Advanced Connectivity Segment
• Neutral Sentiment: One analysis argues that AT&T is outperforming several telecom peers but that its valuation does not fully reflect that performance, potentially supporting further appreciation if operating results remain strong. The Peer-Group Mispricing Sitting On T Stock
• Negative Sentiment: Dividend-focused commentary notes that AT&T’s approximately 4.5% yield is attractive, but argues that growth will likely remain slow and that increasing average revenue per customer is an important—and limited—route to stronger results. Yielding 4.5%, Should Dividend Stock Investors Buy AT&T Stock?

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.

Want to see what other hedge funds are holding T? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AT&T Inc. (NYSE:T - Free Report).

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source