AT&T Inc. $T Shares Sold by University of Texas Texas AM Investment Management Co.

Key Points

• University of Texas Texas AM Investment Management Co. cut its AT&T stake by 33.7% in the second quarter, selling 56,043 shares and retaining 110,211 shares worth approximately $2.28 million. Institutional investors and hedge funds collectively own 57.1% of AT&T.
• 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 forecasts. The company reaffirmed fiscal 2026 EPS guidance of $2.25–$2.35.
• AT&T maintains a quarterly dividend of $0.2775 per share, equivalent to $1.11 annually and a 4.5% yield. Analysts have a consensus “Moderate Buy” rating and an average price target of $29.19.

University of Texas Texas AM Investment Management Co. reduced its position in AT&T Inc. (NYSE:T - Free Report) by 33.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 110,211 shares of the technology company's stock after selling 56,043 shares during the period. University of Texas Texas AM Investment Management Co.'s holdings in AT&T were worth $2,281,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of T. Tsfg LLC lifted its stake in shares of AT&T by 3.6% during the 4th quarter. Tsfg LLC now owns 10,656 shares of the technology company's stock worth $265,000 after purchasing an additional 366 shares during the period. Lifestyle Asset Management Inc. grew its position in shares of AT&T by 3.6% in the fourth quarter. Lifestyle Asset Management Inc. now owns 10,511 shares of the technology company's stock valued at $261,000 after purchasing an additional 368 shares during the period. Hillsdale Investment Management Inc. increased its stake in AT&T by 1.2% in the fourth quarter. Hillsdale Investment Management Inc. now owns 31,970 shares of the technology company's stock valued at $794,000 after purchasing an additional 370 shares during the last quarter. Bruce G. Allen Investments LLC increased its stake in AT&T by 1.7% in the fourth quarter. Bruce G. Allen Investments LLC now owns 22,398 shares of the technology company's stock valued at $556,000 after purchasing an additional 374 shares during the last quarter. Finally, Rockline Wealth Management LLC lifted its position in AT&T by 3.8% during the fourth quarter. Rockline Wealth Management LLC now owns 10,445 shares of the technology company's stock worth $259,000 after buying an additional 378 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Price Performance

Shares of AT&T stock opened at $24.94 on Wednesday. The business's fifty day moving average price is $22.71 and its 200 day moving average price is $25.28. AT&T Inc. has a twelve month low of $19.89 and a twelve month high of $29.79. 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 stock has a market capitalization of $170.87 billion, a P/E ratio of 8.26, a PEG ratio of 1.01 and a beta of 0.23.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.59 by $0.06. The company had revenue of $31.56 billion during the quarter, compared to analyst estimates of $31.80 billion. AT&T had a return on equity of 12.86% and a net margin of 16.94%.The firm's revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, research analysts anticipate that AT&T Inc. will post 2.34 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Friday, July 10th. AT&T's dividend payout ratio is 36.75%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on T. Argus decreased their price target on AT&T from $33.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, July 23rd. Wall Street Zen upgraded shares of AT&T from a "sell" rating to a "hold" rating in a report on Saturday, June 20th. Weiss Ratings raised shares of AT&T from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, August 3rd. Sanford C. Bernstein restated an "outperform" rating and issued a $25.00 target price on shares of AT&T in a report on Monday, July 13th. Finally, Oppenheimer lowered shares of AT&T from an "outperform" rating to a "market perform" rating in a research report on Wednesday, June 3rd. 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 assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $29.19.

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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