OLD National Bancorp IN Sells 455,779 Shares of AT&T Inc. $T

Key Points

• OLD National Bancorp IN cut its AT&T position by 37.7% in the first quarter, selling 455,779 shares and leaving it with 753,667 shares valued at about $21.85 million.
• AT&T continues to draw major institutional interest, with large holders like Norges Bank, Amundi, Alyeska, State Street, and Arrowstreet all reporting sizable stakes. Institutional investors now own about 57.1% of the company.
• The company recently beat quarterly earnings expectations, posted year-over-year revenue growth, and maintained a quarterly dividend of $0.2775 per share, implying an annual yield of roughly 4.9% to 5%.

OLD National Bancorp IN lessened its position in AT&T Inc. (NYSE:T - Free Report) by 37.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 753,667 shares of the technology company's stock after selling 455,779 shares during the period. OLD National Bancorp IN's holdings in AT&T were worth $21,849,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Norges Bank bought a new position in AT&T during the 4th quarter valued at about $2,181,977,000. Amundi grew its stake in AT&T by 67.5% during the third quarter. Amundi now owns 42,295,492 shares of the technology company's stock worth $1,094,184,000 after buying an additional 17,040,328 shares during the last quarter. Alyeska Investment Group L.P. grew its stake in AT&T by 620.8% during the fourth quarter. Alyeska Investment Group L.P. now owns 11,891,778 shares of the technology company's stock worth $295,392,000 after buying an additional 10,241,949 shares during the last quarter. State Street Corp grew its stake 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 worth $8,249,109,000 after buying an additional 8,314,678 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of AT&T by 49.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 25,155,597 shares of the technology company's stock worth $624,865,000 after buying an additional 8,297,201 shares in the last quarter. Institutional investors own 57.10% of the company's stock.

Trending Headlines about AT&T

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

• Positive Sentiment: AT&T reiterated its shareholder return profile by declaring a quarterly dividend of $0.2775 per share, implying an annualized yield of about 5%. That should help support demand from income-focused investors. AT&T Declares Dividends on Common and Preferred Shares
• Positive Sentiment: AT&T’s collaboration with Intrado to enhance next-generation 9-1-1 capabilities supports its move toward higher-value, modern telecom services and may improve the company’s long-term competitive positioning. Intrado and AT&T Strengthen Longstanding Collaboration to Support NG 9-1-1 Innovation
• Positive Sentiment: Independent research cited AT&T Fiber as a top home internet performer on speed, reliability, and video quality, reinforcing optimism around AT&T’s fiber rollout and growth strategy. Will AT&T’s (T) Fiber Momentum and Legacy Exit Plan Reshape Its Long-Term Connectivity Narrative?
• Neutral Sentiment: AT&T is also pursuing a year-end CFO transition and seeking FCC approval to discontinue certain legacy voice services, which highlights ongoing operational change but does not clearly signal near-term financial impact. Will AT&T’s (T) Fiber Momentum and Legacy Exit Plan Reshape Its Long-Term Connectivity Narrative?
• Neutral Sentiment: Analysts remain bullish and see meaningful upside, but that view has not yet offset the market’s recent pressure on the stock. AT&T (T) Trades Near Its 52-Week Low, But Analysts Remain Bullish
• Negative Sentiment: Shares have been under pressure as regulators in California push back on AT&T’s copper-network retirement plans, creating a policy overhang for the company’s legacy network exit strategy. What California's Regulatory Resistance Means For AT&T Stock

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on T shares. BNP Paribas Exane cut their target price on shares of AT&T from $28.00 to $26.00 and set a "neutral" rating for the company in a research note on Thursday, April 23rd. Weiss Ratings lowered AT&T from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, May 29th. Oppenheimer cut AT&T from an "outperform" rating to a "market perform" rating in a report on Wednesday, June 3rd. Scotiabank cut their price objective on AT&T from $31.50 to $31.00 and set a "sector perform" rating for the company in a research report on Thursday, April 23rd. Finally, Wall Street Zen raised AT&T from a "sell" rating to a "hold" rating in a research note on Saturday, June 20th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $30.55.

AT&T Trading Up 0.3%

T opened at $22.43 on Friday. AT&T Inc. has a 1-year low of $21.99 and a 1-year high of $29.79. The stock has a market capitalization of $155.87 billion, a PE ratio of 7.53, a PEG ratio of 0.93 and a beta of 0.21. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 1.05. The firm has a 50-day moving average price of $24.48 and a two-hundred day moving average price of $25.66.

AT&T (NYSE:T - Get Free Report) last announced its earnings results on Wednesday, April 22nd. The technology company reported $0.57 earnings per share (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 company had revenue of $31.51 billion for the quarter, compared to analyst estimates of $31.29 billion. During the same period in the prior year, the business earned $0.51 earnings per share. AT&T's quarterly revenue was up 2.9% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, equities analysts anticipate that AT&T Inc. will post 2.31 earnings per share for the current fiscal year.

AT&T Announces Dividend

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 issued a dividend of $0.2775 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $1.11 annualized dividend and a yield of 4.9%. AT&T's dividend payout ratio is currently 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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