Comerica Bank Sells 108,470 Shares of AT&T Inc. $T

Key Points

• Comerica Bank reduced its AT&T stake by 5.6%, selling 108,470 shares in Q4 and now owns 1,829,174 shares valued at about $45.44 million.
• AT&T beat Q1 expectations with record broadband results, reaffirmed FY 2026 guidance (EPS 2.250–2.350), and emphasized fiber/convergence as a structural growth driver.
• The company pays a quarterly dividend of $0.2775 (annualized yield ~4.2%), and analysts’ consensus is a “Moderate Buy” with a price target near $30.70.

Comerica Bank lessened its position in shares of AT&T Inc. (NYSE:T - Free Report) by 5.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,829,174 shares of the technology company's stock after selling 108,470 shares during the period. Comerica Bank's holdings in AT&T were worth $45,437,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of T. Brighton Jones LLC increased its holdings in AT&T by 26.5% during the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company's stock worth $1,106,000 after acquiring an additional 10,188 shares during the period. Osterweis Capital Management Inc. increased its holdings in AT&T by 4,352.9% during the 2nd quarter. Osterweis Capital Management Inc. now owns 6,234 shares of the technology company's stock worth $180,000 after acquiring an additional 6,094 shares during the period. Main Street Financial Solutions LLC increased its holdings in AT&T by 4.0% during the 2nd quarter. Main Street Financial Solutions LLC now owns 26,796 shares of the technology company's stock worth $775,000 after acquiring an additional 1,022 shares during the period. HUB Investment Partners LLC increased its holdings in AT&T by 19.6% during the 2nd quarter. HUB Investment Partners LLC now owns 55,730 shares of the technology company's stock worth $1,613,000 after acquiring an additional 9,115 shares during the period. Finally, Peapack Gladstone Financial Corp increased its holdings in AT&T by 1.8% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 207,063 shares of the technology company's stock worth $5,992,000 after acquiring an additional 3,677 shares during the period. Institutional investors own 57.10% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on T. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of AT&T in a report on Monday, December 29th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $33.00 target price on shares of AT&T in a report on Thursday, January 29th. Wells Fargo & Company cut their price target on shares of AT&T from $29.00 to $27.00 and set an "overweight" rating for the company in a research note on Monday, January 26th. Sanford C. Bernstein cut their price target on shares of AT&T from $31.00 to $30.00 and set an "outperform" rating for the company in a research note on Friday, January 16th. Finally, Scotiabank cut their price target on shares of AT&T from $31.50 to $31.00 and set a "sector perform" rating for the company in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $30.70.

Key AT&T News

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

• Positive Sentiment: Q1 beat and broadband strength: AT&T beat EPS and revenue expectations, reported record broadband results and reaffirmed FY guidance — a near‑term catalyst that lifted shares after the print. Former Dividend Aristocrat AT&T Posts Strong Earnings
• Positive Sentiment: Fiber/convergence growth story: Management emphasized a fiber expansion and convergence strategy on the earnings call — a structural growth driver that improves ARPU and lowers churn over time. AT&T Earnings Call: Fiber Push Drives Growth Outlook
• Positive Sentiment: New consumer-facing test vs. T‑Mobile: AT&T is quietly piloting a service aimed at competing with T‑Mobile’s offerings — a potential retention/ACV tailwind if scaled. AT&T quietly tests new service that rivals T-Mobile
• Neutral Sentiment: Defensive valuation and income appeal: Analysts and outlets are highlighting AT&T as a defensive, cash‑generating telecom with an attractive yield for income investors — supportive for longer‑term demand even absent growth surprises. AT&T Inc. (T): Defensive Thesis Growing Strong
• Neutral Sentiment: Analyst price‑target moves: A couple of shops trimmed targets (BNP Paribas Exane, Scotiabank) or moved ratings; these are influencing near‑term sentiment but show mixed conviction about upside. Price Target Coverage
• Negative Sentiment: Wireless churn and subscriber worries: Reports and commentaries flagged elevated wireless customer losses and retention pressure — an immediate negative because wireless is the core profit engine and churn risks margin/ARPU trends. AT&T Falls On Wireless Subscriber 'Churn' Worries
• Negative Sentiment: Longer‑term structural concerns: Opinion pieces warn that competition and retention issues could cap upside for years unless wireless trends improve — a caution for growth‑oriented holders. AT&T's Biggest Problem Could Stall The Stock For Years

AT&T Price Performance

T stock opened at $26.21 on Monday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.92 and a quick ratio of 0.87. AT&T Inc. has a one year low of $22.95 and a one year high of $29.79. The stock has a market cap of $183.00 billion, a PE ratio of 8.79, a P/E/G ratio of 0.98 and a beta of 0.34. The firm has a 50 day simple moving average of $27.71 and a two-hundred day simple moving average of $26.05.

AT&T (NYSE:T - Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.02. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The business had revenue of $31.51 billion during the quarter, compared to analysts' expectations of $31.29 billion. During the same quarter in the previous year, the company earned $0.51 EPS. The business's quarterly revenue was up 2.9% compared to the same quarter last year. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, analysts predict that AT&T Inc. will post 2.31 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 10th will be paid a $0.2775 dividend. The ex-dividend date of this dividend is Friday, April 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.2%. AT&T's dividend payout ratio is 37.25%.

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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