BlackRock Inc. Sells 1,601,598 Shares of AT&T Inc. $T

BlackRock Inc. cut its stake in AT&T Inc. (NYSE:T - Free Report) by 0.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 559,396,053 shares of the technology company's stock after selling 1,601,598 shares during the period. BlackRock Inc. owned 8.16% of AT&T worth $11,579,498,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Fairway Wealth LLC bought a new stake in AT&T during the first quarter worth about $29,000. Robinswood Financial LLC bought a new stake in shares of AT&T in the 1st quarter worth approximately $29,000. Safe Harbor Fiduciary LLC bought a new stake in shares of AT&T in the 4th quarter worth approximately $25,000. Rachor Investment Advisory Services LLC purchased a new stake in shares of AT&T in the 4th quarter worth approximately $25,000. Finally, Cresta Advisors Ltd. bought a new position in AT&T during the 4th quarter valued at approximately $26,000. 57.10% of the stock is owned by institutional investors.

AT&T Price Performance

NYSE T opened at $25.33 on Friday. AT&T Inc. has a fifty-two week low of $19.89 and a fifty-two week high of $29.79. 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 company has a market capitalization of $173.57 billion, a PE ratio of 8.39, a price-to-earnings-growth ratio of 1.03 and a beta of 0.23. The business's fifty day moving average is $22.83 and its 200 day moving average is $25.27.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.59 by $0.06. The company had revenue of $31.56 billion during the quarter, compared to the consensus estimate 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 previous year, the company posted $0.54 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Sell-side analysts predict that AT&T Inc. will post 2.34 earnings per share for the current year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were paid 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 dividend yield of 4.4%. AT&T's dividend payout ratio is 36.75%.

More AT&T News

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

Analyst Ratings Changes

T has been the subject of a number of recent research reports. Sanford C. Bernstein reiterated an "outperform" rating and set a $25.00 price objective on shares of AT&T in a research note on Monday, July 13th. Wells Fargo & Company raised their price target on AT&T from $18.00 to $20.00 and gave the company an "underweight" rating in a report on Thursday, July 23rd. TD Cowen lifted their price target on AT&T from $32.00 to $33.00 and gave the stock a "hold" rating in a research report on Thursday, July 23rd. Scotiabank lowered their price objective on AT&T from $31.00 to $29.25 and set a "sector perform" rating on the stock in a research report on Wednesday, July 15th. Finally, Oppenheimer cut shares of AT&T from an "outperform" rating to a "market perform" rating in a research note on Wednesday, June 3rd. One investment 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 assigned a Sell rating to the stock. Based on data from MarketBeat, AT&T has an average rating of "Moderate Buy" and an average price target of $29.19.

AT&T 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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