M&T Bank Corp Has $1.25 Million Stock Position in AT&T Inc. $T

Key Points

• M&T Bank Corp cut its AT&T stake by 94.4% in Q4, selling 853,621 shares and retaining 50,234 shares valued at about $1.25 million.
• AT&T has a consensus analyst rating of “Moderate Buy” with an average price target of $30.55, and several firms have issued new or higher "buy"/"overweight" targets (as high as $36).
• AT&T beat Q results (EPS $0.57 vs. $0.55), set FY2026 guidance of 2.25–2.35 EPS (sell-side 2.31 expected), and announced a quarterly dividend of $0.2775 (4.3% yield; ex-dividend Apr 10, paid May 1).

M&T Bank Corp trimmed its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 94.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,234 shares of the technology company's stock after selling 853,621 shares during the period. M&T Bank Corp's holdings in AT&T were worth $1,248,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Csenge Advisory Group boosted its stake in shares of AT&T by 20.3% during the 3rd quarter. Csenge Advisory Group now owns 189,293 shares of the technology company's stock valued at $5,346,000 after buying an additional 31,935 shares during the period. Rhumbline Advisers boosted its stake in shares of AT&T by 0.4% during the 3rd quarter. Rhumbline Advisers now owns 12,810,872 shares of the technology company's stock valued at $361,779,000 after buying an additional 49,727 shares during the period. Wealthfront Advisers LLC boosted its stake in shares of AT&T by 4.9% during the 3rd quarter. Wealthfront Advisers LLC now owns 1,411,031 shares of the technology company's stock valued at $39,848,000 after buying an additional 66,448 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of AT&T by 1.4% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,133,054 shares of the technology company's stock valued at $512,077,000 after buying an additional 248,567 shares during the period. Finally, Public Sector Pension Investment Board boosted its stake in shares of AT&T by 140.8% during the 3rd quarter. Public Sector Pension Investment Board now owns 2,888,630 shares of the technology company's stock valued at $81,575,000 after buying an additional 1,689,073 shares during the period. 57.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on T shares. Williams Trading set a $32.00 target price on shares of AT&T in a research note on Thursday, January 29th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $33.00 price objective on shares of AT&T in a research note on Thursday, January 29th. Morgan Stanley initiated coverage on shares of AT&T in a research note on Thursday, April 16th. They issued an "overweight" rating and a $30.00 price objective for the company. KeyCorp lifted their price objective on shares of AT&T from $30.00 to $36.00 and gave the company an "overweight" rating in a research note on Wednesday, March 25th. Finally, TD Cowen reaffirmed a "hold" rating on shares of AT&T in a research note on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $30.55.

AT&T Stock Down 1.2%

T stock opened at $25.75 on Thursday. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 1.05. AT&T Inc. has a 1 year low of $22.95 and a 1 year high of $29.79. The company has a fifty day simple moving average of $27.55 and a 200 day simple moving average of $26.04. The firm has a market cap of $179.83 billion, a PE ratio of 8.64, a PEG ratio of 0.94 and a beta of 0.34.

AT&T (NYSE:T - Get Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $31.29 billion. During the same quarter in the previous year, the business earned $0.51 EPS. AT&T'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. Sell-side analysts anticipate that AT&T Inc. will post 2.31 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 10th will be issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.3%. The ex-dividend date is Friday, April 10th. AT&T's dividend payout ratio (DPR) is 37.25%.

AT&T News Summary

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

• Positive Sentiment: Erste Group slightly raised its FY2026 EPS estimate for AT&T to $2.31 (from $2.30), aligning with consensus and supporting the company’s near-term earnings outlook.
• Positive Sentiment: Management is pushing bundled phone + fiber plans to reduce churn and stabilize revenue — a strategic shift that could improve retention and ARPU if execution succeeds. AT&T Bets On Bundled Phone And Fiber To Steady Growth
• Positive Sentiment: FCC approval for AST SpaceMobile’s direct-to-device network enhances a partner ecosystem (including AT&T) that could extend coverage capabilities and new service options down the road. AST SpaceMobile Gets FCC Green Light for Direct-to-Device Service After Launch Setback (T)
• Neutral Sentiment: Recent media pieces comparing AT&T and Verizon on dividend yield highlight that income investors are re-evaluating telecom allocations; yield comparisons neither change fundamentals nor immediate cash flow but influence relative demand. Verizon Communications vs. AT&T: What's the Better Dividend Stock to Buy Right Now? AT&T Yields 4.3% and Verizon Yields 6%...
• Neutral Sentiment: PR: AT&T launched its 2026 Small Business Contest (brand/marketing initiative); positive for community engagement but unlikely to move fundamentals. AT&T Celebrates Small Business Owners with the Launch of the 2026 AT&T Small Business Contest
• Neutral Sentiment: Increased search and coverage from outlets like Zacks/Yahoo indicates higher investor attention, which can amplify moves but doesn’t itself change fundamentals. Investors Heavily Search AT&T Inc. (T): Here is What You Need to Know
• Negative Sentiment: T-Mobile’s aggressive broadband and fiber JV strategy is a direct competitive threat: it is winning broadband share and has strong FCF to fund expansion, which raises downside risk for AT&T’s broadband growth prospects and investor sentiment. T-Mobile's Broadband Blitz Puts Cable on Notice
• Negative Sentiment: Isolated reports of service outages (consumer-impact stories) can temporarily hurt customer sentiment and add short-term volatility. Is there an AT&T outage? AT&T outage today reported

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.

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