Erste Asset Management GmbH Cuts Stock Holdings in AT&T Inc. $T

Erste Asset Management GmbH lowered its holdings in AT&T Inc. (NYSE:T - Free Report) by 67.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 446,561 shares of the technology company's stock after selling 926,708 shares during the quarter. Erste Asset Management GmbH's holdings in AT&T were worth $9,753,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of T. Fairway Wealth LLC bought a new stake in AT&T during the first quarter valued at about $29,000. Robinswood Financial LLC bought a new position in AT&T in the first quarter worth about $29,000. Safe Harbor Fiduciary LLC bought a new position in AT&T in the fourth quarter worth about $25,000. Rachor Investment Advisory Services LLC purchased a new stake in shares of AT&T during the fourth quarter valued at about $25,000. Finally, Cresta Advisors Ltd. purchased a new stake in shares of AT&T during the fourth quarter valued at about $26,000. 57.10% of the stock is currently owned by institutional investors.

AT&T Trading Up 1.3%

Shares of NYSE:T opened at $24.89 on Friday. AT&T Inc. has a 52-week low of $19.89 and a 52-week high of $29.79. The stock has a market cap of $170.58 billion, a price-to-earnings ratio of 8.24, a PEG ratio of 1.00 and a beta of 0.23. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 1.06. The business has a 50-day moving average price of $22.62 and a 200-day moving average price of $25.25.

AT&T (NYSE:T - Get Free Report) last released its earnings results on Wednesday, July 22nd. The technology company reported $0.65 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 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 company's revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities analysts predict that AT&T Inc. will post 2.34 EPS for the current year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.5%. The ex-dividend date was Friday, July 10th. AT&T's payout ratio is presently 36.75%.

AT&T News Summary

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

• Positive Sentiment: AT&T is reinforcing its Hawaiian network and deploying disaster-response resources ahead of Tropical Storm Lala. The effort could strengthen customer trust and satisfaction, though the financial impact is likely modest unless it improves retention or attracts new subscribers. Can AT&T's Disaster Connectivity Efforts Drive Customer Satisfaction?
• Positive Sentiment: AT&T’s chief marketing officer said customers with strong “brand love” are three times less likely to leave, 50% more likely to purchase a second product and less expensive to acquire. If sustained, those trends could lower churn and customer-acquisition costs while supporting revenue growth and profitability. AT&T’s CMO tied brand love to customer economics
• Positive Sentiment: One comparison concludes AT&T offers more upside potential than SpaceX based on stronger recent performance, a cheaper valuation and its 2026 growth outlook. This reinforces the value case behind AT&T’s low earnings multiple, although it does not represent a new company forecast. AT&T vs. SpaceX
• Neutral Sentiment: A post-earnings-sector review benchmarks AT&T against wireless, cable and satellite peers, offering broader context on its second-quarter performance but no clearly identified new catalyst in the available report. Wireless, Cable and Satellite Stocks Q2 Recap
• Negative Sentiment: Although AT&T has more than doubled over three years and still looks inexpensive on several valuation measures, its weaker recent performance and slower growth raise questions about how much further the shares can advance. AT&T Stock Still Looks a Bargain on Earnings but Weaker on Growth
• Negative Sentiment: SpaceX’s ambitions to capture a large share of internet traffic highlight a longer-term competitive threat to traditional connectivity providers, even though current comparisons favor AT&T’s valuation and outlook. SpaceX Internet Traffic Ambitions

Analyst Ratings Changes

T has been the topic of a number of analyst reports. The Goldman Sachs Group set a $30.00 price objective on shares of AT&T in a research report on Wednesday, July 22nd. Morgan Stanley increased their target price on shares of AT&T from $25.00 to $27.00 and gave the company an "overweight" rating in a research report on Thursday, July 23rd. TD Cowen raised their target price on shares of AT&T from $32.00 to $33.00 and gave the company a "hold" rating in a research note on Thursday, July 23rd. Wolfe Research raised shares of AT&T from a "peer perform" rating to an "outperform" rating and set a $29.00 price target on the stock in a report on Thursday, July 23rd. Finally, Oppenheimer downgraded AT&T from an "outperform" rating to a "market perform" rating in a research report on Wednesday, June 3rd. One investment 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 company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $29.19.

About AT&T

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source