Oppenheimer Asset Management Inc. Sells 54,480 Shares of AT&T Inc. $T

Key Points

• Oppenheimer Asset Management cut its AT&T stake by 3.8%, selling 54,480 shares and retaining 1,362,429 shares valued at $33.843 million at the end of the quarter.
• AT&T beat quarterly expectations with $0.57 EPS and $31.51 billion revenue, set FY2026 guidance of $2.25–$2.35 EPS, and carries an average analyst price target of $30.55 with a "Moderate Buy" consensus.
• Dividend announced: a $0.2775 quarterly payout ($1.11 annual) yielding 4.2%, with an ex-dividend date of April 10 and payment on May 1.

Oppenheimer Asset Management Inc. reduced its position in AT&T Inc. (NYSE:T - Free Report) by 3.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,362,429 shares of the technology company's stock after selling 54,480 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in AT&T were worth $33,843,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in AT&T by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 664,055,700 shares of the technology company's stock worth $16,495,144,000 after purchasing an additional 3,585,661 shares during the period. State Street Corp lifted its position in AT&T by 0.8% in the third quarter. State Street Corp now owns 323,775,045 shares of the technology company's stock worth $9,143,407,000 after purchasing an additional 2,704,536 shares during the period. Capital Research Global Investors lifted its position in AT&T by 0.6% in the third quarter. Capital Research Global Investors now owns 65,607,835 shares of the technology company's stock worth $1,852,765,000 after purchasing an additional 370,455 shares during the period. Invesco Ltd. lifted its position in AT&T by 8.6% in the third quarter. Invesco Ltd. now owns 57,823,362 shares of the technology company's stock worth $1,632,932,000 after purchasing an additional 4,584,316 shares during the period. Finally, Legal & General Group Plc lifted its position in AT&T by 1.4% in the third quarter. Legal & General Group Plc now owns 48,559,566 shares of the technology company's stock worth $1,371,322,000 after purchasing an additional 691,221 shares during the period. 57.10% of the stock is owned by institutional investors.

Key Headlines Impacting AT&T

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

• Positive Sentiment: Product/service expansion — AT&T launched Dynamic Defense cybersecurity for SMBs on AT&T Business Fiber and added RapidSOS HARMONY AI support on AT&T ESInet, positioning the company to sell higher‑margin, network-based security and public‑safety services beyond connectivity. This helps the growth outlook and cross‑sell potential to business customers. Article Link
• Positive Sentiment: Analyst upgrades — Erste Group nudged up its EPS forecasts (FY2026 to ~$2.31 and FY2027 to ~$2.56), showing modest analyst confidence in AT&T’s near‑term earnings power. Upward estimate revisions tend to support the stock and reduce haircut risk on valuation. Analyst Note
• Neutral Sentiment: Brand/SMB marketing push — AT&T opened submissions for its 2026 Small Business Contest (one $50k prize) to deepen small‑business relationships; useful for marketing and customer acquisition but unlikely to move near‑term revenue materially. Article Link
• Neutral Sentiment: Income stock narratives persist — Recent pieces comparing AT&T’s dividend yield to Verizon and historical dividend performance keep income investors focused on yield vs. growth tradeoffs; these stories can attract buyers but also reinforce valuation sensitivity. Fool Article Barchart Article
• Neutral Sentiment: Prepaid/network coverage pieces — Coverage of AT&T’s prepaid plans and mobile services is informational and may support subscriber sentiment but is unlikely to drive a material re‑rating on its own. Article Link
• Negative Sentiment: Valuation/performance caution — Coverage notes that AT&T shares “lag targets” despite new offerings, reflecting lingering investor concern about growth trajectory and how quickly new services will translate into meaningful EBITDA or margin expansion; that skepticism can cap upside until revenues and margins visibly improve. Article Link

AT&T Stock Performance

AT&T stock opened at $26.18 on Friday. The stock has a 50-day simple moving average of $27.52 and a 200 day simple moving average of $26.05. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $181.87 billion, a price-to-earnings ratio of 8.78, a P/E/G ratio of 0.95 and a beta of 0.34. AT&T Inc. has a 12-month low of $22.95 and a 12-month high of $29.79.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The technology company reported $0.57 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.02. The firm had revenue of $31.51 billion during the quarter, compared to analyst estimates of $31.29 billion. AT&T had a return on equity of 12.49% and a net margin of 16.94%.The company's revenue was up 2.9% on a year-over-year basis. During the same period last year, the company earned $0.51 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, research 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 Friday, May 1st. Investors of record on Friday, April 10th will be given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Friday, April 10th. AT&T's dividend payout ratio (DPR) is presently 37.25%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Morgan Stanley assumed coverage on AT&T in a research report on Thursday, April 16th. They issued an "overweight" rating and a $30.00 target price for the company. Scotiabank reduced their target price 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. Barclays reduced their target price on AT&T from $28.00 to $26.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 13th. UBS Group reaffirmed a "buy" rating on shares of AT&T in a research report on Thursday, January 29th. Finally, Williams Trading set a $32.00 price objective on AT&T in a research note on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $30.55.

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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