AT&T Inc. $T Shares Sold by The Manufacturers Life Insurance Company

Key Points

• The Manufacturers Life Insurance Company reduced its AT&T stake by 21.3% in the second quarter, selling 1.34 million shares and retaining 4.95 million shares worth approximately $102.4 million. Institutional investors and hedge funds own 57.1% of the company.
• AT&T reported quarterly EPS of $0.65, beating estimates of $0.59, while revenue rose 2.3% year over year to $31.56 billion but fell short of expectations. The company reaffirmed fiscal 2026 EPS guidance of $2.25–$2.35.
• Analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $29.19. AT&T shares opened at $26.05, and the company’s $0.2775 quarterly dividend implies a 4.3% annualized yield.

The Manufacturers Life Insurance Company trimmed its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 21.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,947,640 shares of the technology company's stock after selling 1,338,592 shares during the period. The Manufacturers Life Insurance Company owned 0.07% of AT&T worth $102,416,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Safe Harbor Fiduciary LLC purchased a new stake in shares of AT&T in the fourth quarter worth about $25,000. Blueline Advisors LLC purchased a new stake in shares of AT&T during the 4th quarter valued at about $26,000. Winnow Wealth LLC grew its position in AT&T by 362.8% in the fourth quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company's stock valued at $26,000 after acquiring an additional 820 shares in the last quarter. Orion Capital Management LLC purchased a new stake in shares of AT&T during the second quarter valued at approximately $26,000. Finally, Addison Advisors LLC acquired a new position in shares of AT&T during the second quarter worth $27,000. 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: 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

Analyst Ratings Changes

A number of research firms recently weighed in on T. Argus lowered their price target on shares of AT&T from $33.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, July 23rd. Sanford C. Bernstein reissued an "outperform" rating and issued a $25.00 price objective on shares of AT&T in a research report on Monday, July 13th. Oppenheimer downgraded AT&T from an "outperform" rating to a "market perform" rating in a research note on Wednesday, June 3rd. The Goldman Sachs Group set a $30.00 target price on AT&T in a research report on Wednesday, July 22nd. Finally, TD Cowen lifted their target price on AT&T from $32.00 to $33.00 and gave the stock a "hold" rating in a research report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $29.19.

AT&T Stock Up 1.9%

T stock opened at $26.05 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06. The firm has a 50 day simple moving average of $23.97 and a 200-day simple moving average of $25.07. The company has a market capitalization of $178.48 billion, a P/E ratio of 8.62, a PEG ratio of 1.27 and a beta of 0.25. AT&T Inc. has a twelve month low of $19.89 and a twelve month high of $29.79.

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 (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.06. The firm 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 firm's quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, equities research analysts predict that AT&T Inc. will post 2.34 earnings per share for the current fiscal year.

AT&T Dividend Announcement

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

About AT&T

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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