California State Teachers Retirement System Has $4.58 Billion Position in AT&T Inc. $T

Key Points

• California State Teachers Retirement System increased its AT&T stake by 1,920.3% to 221.1 million shares, valued at approximately $4.58 billion and representing 3.23% of the company.
• Analysts maintain a generally positive outlook, with AT&T receiving a consensus “Moderate Buy” rating and an average price target of $29.19. The company recently exceeded quarterly EPS estimates, although revenue came in slightly below expectations.
• AT&T’s shares opened at $25.11, while the company continues to offer an annualized dividend of $1.11 per share, yielding about 4.4%.

California State Teachers Retirement System grew its position in shares of AT&T Inc. (NYSE:T - Free Report) by 1,920.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 221,126,798 shares of the technology company's stock after purchasing an additional 210,181,579 shares during the quarter. California State Teachers Retirement System owned approximately 3.23% of AT&T worth $4,577,325,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in T. Lifestyle Asset Management Inc. raised its holdings in AT&T by 3.6% in the 4th quarter. Lifestyle Asset Management Inc. now owns 10,511 shares of the technology company's stock valued at $261,000 after buying an additional 368 shares during the last quarter. Hillsdale Investment Management Inc. grew its holdings in AT&T by 1.2% during the 4th quarter. Hillsdale Investment Management Inc. now owns 31,970 shares of the technology company's stock worth $794,000 after acquiring an additional 370 shares during the last quarter. Bruce G. Allen Investments LLC increased its position in AT&T by 1.7% in the 4th quarter. Bruce G. Allen Investments LLC now owns 22,398 shares of the technology company's stock valued at $556,000 after acquiring an additional 374 shares during the period. Rockline Wealth Management LLC increased its position in AT&T by 3.8% in the 4th quarter. Rockline Wealth Management LLC now owns 10,445 shares of the technology company's stock valued at $259,000 after acquiring an additional 378 shares during the period. Finally, Camden National Bank raised its stake in shares of AT&T by 1.5% during the fourth quarter. Camden National Bank now owns 26,191 shares of the technology company's stock valued at $651,000 after acquiring an additional 382 shares during the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

T has been the topic of a number of recent research reports. Morgan Stanley lifted their price target on shares of AT&T from $25.00 to $27.00 and gave the stock an "overweight" rating in a report on Thursday, July 23rd. Weiss Ratings upgraded AT&T from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, August 3rd. Wall Street Zen raised AT&T from a "sell" rating to a "hold" rating in a research report on Saturday, June 20th. The Goldman Sachs Group set a $30.00 target price on AT&T in a report on Wednesday, July 22nd. Finally, Sanford C. Bernstein reiterated an "outperform" rating and issued a $25.00 price target on shares of AT&T in a research report on Monday, July 13th. 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 stock. According to MarketBeat, AT&T has an average rating of "Moderate Buy" and a consensus target price of $29.19.

AT&T Stock Down 1.9%

Shares of NYSE T opened at $25.11 on Thursday. The company has a market capitalization of $172.03 billion, a P/E ratio of 8.31, a price-to-earnings-growth ratio of 1.27 and a beta of 0.25. AT&T Inc. has a 52-week low of $19.89 and a 52-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's 50 day moving average price is $23.76 and its 200-day moving average price is $25.08.

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

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Friday, July 10th. AT&T's dividend payout ratio (DPR) is presently 36.75%.

More AT&T News

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

• Positive Sentiment: AT&T announced that it will become the first major U.S. telecommunications provider to offer business customers connectivity through Amazon Leo, Amazon’s low-Earth-orbit satellite broadband network. The service could extend AT&T’s connectivity reach in rural and hard-to-serve areas and complement its fiber and 5G networks, although commercial availability is not immediate. AT&T Becomes Amazon's First Major Satellite Broadband Telecom Customer
• Positive Sentiment: Chief Executive Officer John Stankey’s Goldman Sachs Communacopia + Technology Conference update highlighted AT&T’s fiber and 5G investments, multi-year growth strategy, and structural connectivity advantages. Management reiterated the financial outlook and capital-allocation plan issued with second-quarter results, reducing the risk of a near-term guidance reset. AT&T Goldman Sachs Conference Transcript
• Positive Sentiment: AT&T elected Fazal F. Merchant as an independent director and expanded its board to 11 members. His assignments to the Audit Committee and Corporate Development and Finance Committee may strengthen financial oversight and strategic review. AT&T Elects Fazal F. Merchant to Board
• Neutral Sentiment: The Galaxy S26 FE launch and flexible smartphone pricing, upgrade options, and customer benefits could support wireless additions and customer satisfaction, but the financial effect is not yet measurable. AT&T Smartphone Offers
• Negative Sentiment: VoIP-Pal filed a third amended antitrust complaint naming AT&T, Verizon, and T-Mobile. The case remains unresolved, and any eventual legal costs, remedies, or regulatory scrutiny could weigh on sentiment, although no immediate financial impact was disclosed. VoIP-Pal Amended Antitrust Complaint
• Negative Sentiment: Recent internet outages affecting customers in Texas, including the Dallas-Fort Worth and Houston areas, were reportedly resolved or followed by company statements that the network was operating normally. Even temporary disruptions can raise customer-retention and service-reliability concerns. AT&T Internet Outages

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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