Bank of New York Mellon Corp Increases Stake in AT&T Inc. $T

Bank of New York Mellon Corp grew its stake in AT&T Inc. (NYSE:T - Free Report) by 3.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 75,323,574 shares of the technology company's stock after acquiring an additional 2,559,065 shares during the quarter. Bank of New York Mellon Corp owned about 1.10% of AT&T worth $1,559,198,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. Rachor Investment Advisory Services LLC acquired a new stake in shares of AT&T during the 4th quarter worth approximately $25,000. Safe Harbor Fiduciary LLC acquired a new position in shares of AT&T in the 4th quarter valued at $25,000. Cresta Advisors Ltd. acquired a new position in shares of AT&T in the 4th quarter valued at $26,000. Blueline Advisors LLC purchased a new position in shares of AT&T during the 4th quarter worth $26,000. Finally, Winnow Wealth LLC grew its holdings in shares of AT&T by 362.8% during the 4th quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company's stock worth $26,000 after purchasing an additional 820 shares during the period. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Price Performance

T stock opened at $25.33 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.93 and a current ratio of 0.97. The firm has a market cap of $173.57 billion, a P/E ratio of 8.39, a PEG ratio of 1.02 and a beta of 0.23. The stock's 50 day moving average price is $22.83 and its 200 day moving average price is $25.27. AT&T Inc. has a 1 year low of $19.89 and a 1 year high of $29.79.

AT&T (NYSE:T - Get Free Report) last released its 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. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The firm had revenue of $31.56 billion during the quarter, compared to analysts' expectations of $31.80 billion. During the same period in the previous year, the company earned $0.54 EPS. AT&T's revenue for the quarter was up 2.3% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, sell-side analysts expect that AT&T Inc. will post 2.34 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were given a $0.2775 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.4%. AT&T's dividend payout ratio (DPR) is currently 36.75%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Wall Street Zen upgraded shares of AT&T from a "sell" rating to a "hold" rating in a research report on Saturday, June 20th. Royal Bank Of Canada cut their target price on AT&T from $31.00 to $27.00 and set an "outperform" rating on the stock in a research report on Monday, July 20th. Weiss Ratings upgraded AT&T from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, August 3rd. Scotiabank lowered their price target 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. Finally, Oppenheimer cut AT&T from an "outperform" rating to a "market perform" rating in a research note on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, AT&T currently has an average rating of "Moderate Buy" and a consensus price target of $29.19.

Key Stories Impacting AT&T

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

• Positive Sentiment: AT&T’s post-earnings momentum remains constructive: the company reported quarterly EPS of $0.65 versus the $0.59 consensus estimate, while revenue increased 2.3% year over year. Analysts are watching whether earnings estimates and the stock’s advance can continue. AT&T Up 9.5% Since Last Earnings Report
• Positive Sentiment: AT&T’s Advanced Connectivity business is gaining traction through fiber expansion, customer convergence and rising demand for AI-related network capacity. This supports the company’s longer-term growth outlook and helps offset slower legacy operations. AT&T Rides on Strength in Advanced Connectivity
• Positive Sentiment: A partnership with Hark gives AT&T exposure to emerging AI-native consumer devices. AT&T will invest in Hark and provide connectivity, certification and infrastructure support, potentially creating incremental traffic and device-related revenue opportunities. Hark and AT&T Partner on Connectivity for Future AI Devices
• Positive Sentiment: AT&T reportedly reduced the cost of coding and other AI tasks by as much as 56% by using model-routing tools and open-source systems, with only a modest decline in output quality. Lower internal AI costs could support productivity and margins. AT&T Slashes AI Costs by Adopting Model Routers and Open Source
• Neutral Sentiment: Analysts continue to highlight AT&T as a highly ranked value and income stock, with a roughly 4.5% dividend yield and a low earnings multiple. However, the company’s growth is expected to remain moderate, making customer revenue increases important. AT&T Is a Top-Ranked Value Stock
• Negative Sentiment: Bernstein cautions that SpaceX’s potential telecom ambitions could intensify competition for AT&T, Verizon and T-Mobile. Meanwhile, heavy capital spending, elevated interest rates and industry balance-sheet pressures remain risks. Bernstein Remains Bullish on SpaceX

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