Pictet Asset Management Holding SA Purchases 745,210 Shares of AT&T Inc. $T

Key Points

• Pictet Asset Management Holding SA increased its AT&T stake by 23.8% in the second quarter, adding 745,210 shares to hold 3.88 million shares valued at approximately $80.3 million. Institutional investors collectively own 57.1% of AT&T.
• Analysts maintain a generally positive view, with AT&T receiving a consensus “Moderate Buy” rating and an average price target of $29.19, compared with the reported share price of $24.89.
• AT&T exceeded quarterly EPS expectations, reporting $0.65 versus the $0.59 consensus, while revenue reached $31.56 billion. The company also maintains a quarterly dividend of $0.2775, equivalent to a $1.11 annual payout and a 4.5% yield.

Pictet Asset Management Holding SA increased its holdings in AT&T Inc. (NYSE:T - Free Report) by 23.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,880,245 shares of the technology company's stock after acquiring an additional 745,210 shares during the quarter. Pictet Asset Management Holding SA owned approximately 0.06% of AT&T worth $80,321,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of AT&T in the 4th quarter valued at about $2,181,977,000. Amundi boosted its stake in shares of AT&T by 67.5% during the third quarter. Amundi now owns 42,295,492 shares of the technology company's stock valued at $1,094,184,000 after purchasing an additional 17,040,328 shares in the last quarter. Alyeska Investment Group L.P. increased its holdings 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 valued at $295,392,000 after buying an additional 10,241,949 shares during the period. State Street Corp increased its holdings 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 buying an additional 8,314,678 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its stake in AT&T by 49.2% in 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. 57.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on T shares. Argus lowered their target price on AT&T from $33.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, July 23rd. Oppenheimer lowered AT&T from an "outperform" rating to a "market perform" rating in a research report on Wednesday, June 3rd. Morgan Stanley raised their price objective on AT&T from $25.00 to $27.00 and gave the company an "overweight" rating in a research report on Thursday, July 23rd. Wolfe Research upgraded AT&T from a "peer perform" rating to an "outperform" rating and set a $29.00 target price on the stock in a research note on Thursday, July 23rd. Finally, Wall Street Zen upgraded shares of AT&T from a "sell" rating to a "hold" rating in a report on Saturday, June 20th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $29.19.

AT&T Stock Up 0.0%

AT&T stock opened at $24.89 on Monday. AT&T Inc. has a 1-year low of $19.89 and a 1-year high of $29.79. The business has a fifty day moving average price of $22.62 and a 200-day moving average price of $25.26. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.97 and a quick ratio of 0.93. The stock has a market capitalization of $170.58 billion, a price-to-earnings ratio of 8.24, a PEG ratio of 1.01 and a beta of 0.23.

AT&T (NYSE:T - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.59 by $0.06. The company had revenue of $31.56 billion during the quarter, compared to analysts' expectations of $31.80 billion. AT&T had a return on equity of 12.86% and a net margin of 16.94%.The firm's revenue was up 2.3% compared to the same quarter last year. During the same period last year, the business posted $0.54 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Equities research analysts forecast that AT&T Inc. will post 2.34 EPS for the current fiscal year.

AT&T Announces Dividend

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

Key Stories Impacting AT&T

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

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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