Danica Pension Livsforsikringsaktieselskab Takes Position in AT&T Inc. $T

Key Points

• Danica Pension bought 57,588 AT&T shares worth approximately $1.19 million in the second quarter. Institutional investors collectively own 57.1% of the company.
• 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. Analysts maintain a “Moderate Buy” consensus with an average price target of $29.19.
• AT&T offers a 4.4% dividend yield and is benefiting from fiber expansion, advanced connectivity and AI-related initiatives, though potential competition from SpaceX and ongoing capital-spending pressures remain risks.

Danica Pension Livsforsikringsaktieselskab purchased a new position in AT&T Inc. (NYSE:T - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 57,588 shares of the technology company's stock, valued at approximately $1,192,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in T. Danske Bank A S purchased a new position in AT&T during the second quarter valued at approximately $98,409,000. Gables Capital Management Inc. purchased a new stake in AT&T in the 2nd quarter worth approximately $751,000. Investmark Advisory Group LLC lifted its position in AT&T by 1.4% in the 2nd quarter. Investmark Advisory Group LLC now owns 141,844 shares of the technology company's stock worth $2,936,000 after buying an additional 1,942 shares in the last quarter. Strategic Wealth Advisors LLC boosted its stake in shares of AT&T by 85.6% during the 2nd quarter. Strategic Wealth Advisors LLC now owns 1,717 shares of the technology company's stock valued at $36,000 after buying an additional 792 shares during the period. Finally, Mowery & Schoenfeld Wealth Management LLC boosted its stake in shares of AT&T by 78.1% during the 2nd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 1,906 shares of the technology company's stock valued at $39,000 after buying an additional 836 shares during the period. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T News Roundup

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 Stock Up 0.7%

T stock opened at $25.33 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06. AT&T Inc. has a 1 year low of $19.89 and a 1 year high of $29.79. The company has a fifty day simple moving average of $22.83 and a 200 day simple moving average of $25.27. The firm has a market cap of $173.57 billion, a PE ratio of 8.39, a PEG ratio of 1.03 and a beta of 0.23.

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

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Shareholders 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 dividend on an annualized basis and a dividend yield of 4.4%. AT&T's payout ratio is currently 36.75%.

Wall Street Analyst Weigh In

T has been the topic of a number of research reports. Wells Fargo & Company upped their price target on shares of AT&T from $18.00 to $20.00 and gave the stock an "underweight" rating in a research note on Thursday, July 23rd. The Goldman Sachs Group set a $30.00 price objective on AT&T in a research report on Wednesday, July 22nd. Sanford C. Bernstein reissued an "outperform" rating and set a $25.00 price objective on shares of AT&T in a research report on Monday, July 13th. Oppenheimer downgraded AT&T from an "outperform" rating to a "market perform" rating in a research note on Wednesday, June 3rd. Finally, Argus dropped their target price on AT&T from $33.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus 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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