Dimensional Fund Advisors LP Purchases 54,362 Shares of AT&T Inc. $T

Key Points

• Dimensional Fund Advisors increased its AT&T stake slightly in the first quarter, buying 54,362 more shares and bringing its holdings to about 50.1 million shares valued at roughly $1.45 billion.
• AT&T reported better-than-expected quarterly results, with EPS of $0.57 versus $0.55 expected and revenue of $31.51 billion, while also raising FY2026 guidance to 2.25-2.35 EPS.
• The company announced a quarterly dividend of $0.2775 per share to be paid August 3, implying an annualized yield of about 5.1%, even as analysts remain mixed with a consensus rating of “Moderate Buy.”

Dimensional Fund Advisors LP grew its position in shares of AT&T Inc. (NYSE:T - Free Report) by 0.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,056,268 shares of the technology company's stock after purchasing an additional 54,362 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.72% of AT&T worth $1,451,033,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in AT&T by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 664,055,700 shares of the technology company's stock worth $16,495,144,000 after buying an additional 3,585,661 shares during the last quarter. State Street Corp grew its position in AT&T by 2.6% during the fourth quarter. State Street Corp now owns 332,089,723 shares of the technology company's stock valued at $8,249,109,000 after acquiring an additional 8,314,678 shares during the last quarter. Bank of America Corp DE grew its position in AT&T by 3.5% during the fourth quarter. Bank of America Corp DE now owns 119,742,478 shares of the technology company's stock valued at $2,974,403,000 after acquiring an additional 4,079,062 shares during the last quarter. Norges Bank purchased a new position in shares of AT&T during the fourth quarter worth approximately $2,181,977,000. Finally, Bank of New York Mellon Corp raised its stake in shares of AT&T by 12.7% during the first quarter. Bank of New York Mellon Corp now owns 72,764,509 shares of the technology company's stock worth $2,109,443,000 after acquiring an additional 8,197,935 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors.

AT&T Stock Down 0.1%

Shares of AT&T stock opened at $21.79 on Monday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.87 and a current ratio of 0.92. AT&T Inc. has a 52-week low of $19.89 and a 52-week high of $29.79. The company's 50 day moving average price is $22.98 and its 200-day moving average price is $25.30. The stock has a market capitalization of $151.38 billion, a price-to-earnings ratio of 7.31, a P/E/G ratio of 0.86 and a beta of 0.24.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The technology company reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.55 by $0.02. The company had revenue of $31.51 billion during the quarter, compared to analyst estimates of $31.29 billion. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The firm's revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.51 EPS. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities research analysts forecast that AT&T Inc. will post 2.32 EPS for the current year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 10th will be given a $0.2775 dividend. The ex-dividend date is Friday, July 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.1%. AT&T's payout ratio is presently 37.25%.

Analysts Set New Price Targets

Several research firms recently commented on T. BNP Paribas Exane reduced their target price on shares of AT&T from $28.00 to $26.00 and set a "neutral" rating on the stock in a report on Thursday, April 23rd. Wells Fargo & Company initiated coverage on shares of AT&T in a research note on Wednesday, July 8th. They issued an "underweight" rating and a $18.00 price target for the company. Morgan Stanley cut their price target on shares of AT&T from $30.00 to $25.00 and set an "overweight" rating for the company in a research report on Tuesday, July 7th. Citigroup raised their price objective on AT&T from $29.00 to $31.50 and gave the company a "buy" rating in a research note on Monday, March 23rd. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $31.00 price objective on shares of AT&T in a report on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $29.34.

AT&T News Summary

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

• Positive Sentiment: Analysts have recently raised earnings estimates for AT&T, and several firms maintain price targets well above the current share price, including a new $29.25 target from Scotiabank and a median target around $25.50. This suggests Wall Street still sees upside if execution stays on track. Analysts Set AT&T Inc. NYSE: T Target Price at $29.68
• Positive Sentiment: Erste Group Bank lifted its FY2026 and FY2027 EPS estimates for AT&T, reinforcing expectations that earnings remain stable and could support valuation ahead of the report.
• Positive Sentiment: AT&T said its AI-based network outage prevention system cut customer downtime by more than 12 million hours, highlighting improving network reliability and a potential operational advantage. AT&T built an AI system to prevent network outages. It reduced customer downtime by more than 12 million hours
• Positive Sentiment: Recent commentary ahead of earnings points to continued expansion in fiber, enterprise connectivity, and connected-car offerings, which could help offset slower growth in wireless.
• Neutral Sentiment: Investor and hedge-fund activity appears mixed: some large funds have added to AT&T, while others reduced exposure, suggesting the name remains widely watched but not universally favored.
• Neutral Sentiment: AT&T also disclosed modest lobbying activity tied to telecom regulation, broadband support, and spectrum issues. That is important for the business, but it is not a near-term earnings catalyst.
• Negative Sentiment: Competition in telecom remains intense, and several recent articles emphasize that AT&T still has questions to answer on growth and execution heading into earnings. That uncertainty is likely weighing on shares.
• Negative Sentiment: Some analyst targets remain below the current trading range, including recent calls from Wells Fargo and Scotiabank in the high teens to low $20s, showing that not all analysts believe the rally is fully justified.

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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