Polar Asset Management Partners Inc. Grows Stake in AT&T Inc. $T

Key Points

• Polar Asset Management boosted its stake in AT&T by 1,666.8% in Q3, adding 465,032 shares to hold 492,932 shares worth about $13.92 million.
• AT&T beat quarterly estimates with $0.52 EPS vs. $0.46 expected and $33.47B revenue (up 3.6% YoY), and set FY2026 guidance of 2.250–2.350 EPS versus analyst consensus near 2.14.
• Analysts collectively rate AT&T a "Moderate Buy" (1 Strong Buy, 14 Buy, 8 Hold) with a consensus price target of $30.35 and individual targets ranging roughly from $26 to $32.

Polar Asset Management Partners Inc. boosted its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 1,666.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 492,932 shares of the technology company's stock after acquiring an additional 465,032 shares during the quarter. Polar Asset Management Partners Inc.'s holdings in AT&T were worth $13,920,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of AT&T by 0.8% in the 3rd 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. Norges Bank purchased a new stake in AT&T during the 2nd quarter valued at $2,228,655,000. Capital Research Global Investors raised its holdings in AT&T by 0.6% during the 3rd quarter. Capital Research Global Investors now owns 65,607,835 shares of the technology company's stock valued at $1,852,765,000 after buying 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 buying an additional 4,584,316 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in AT&T by 8.7% in the second quarter. Ameriprise Financial Inc. now owns 55,247,484 shares of the technology company's stock worth $1,598,697,000 after buying an additional 4,404,688 shares during the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Stock Performance

T stock opened at $27.40 on Thursday. AT&T Inc. has a twelve month low of $22.95 and a twelve month high of $29.79. The firm has a market cap of $191.35 billion, a price-to-earnings ratio of 8.98, a PEG ratio of 1.04 and a beta of 0.39. The business's fifty day simple moving average is $26.51 and its two-hundred day simple moving average is $26.27. The company has a quick ratio of 0.86, a current ratio of 0.91 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T - Get Free Report) last issued its earnings results on Wednesday, January 28th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.06. The firm had revenue of $33.47 billion during the quarter, compared to analyst estimates of $32.91 billion. AT&T had a net margin of 17.47% and a return on equity of 12.33%. The business's revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.43 earnings per share. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. Analysts predict that AT&T Inc. will post 2.14 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on T shares. Royal Bank Of Canada reiterated an "outperform" rating and set a $31.00 price objective on shares of AT&T in a research report on Thursday, February 12th. Sanford C. Bernstein lowered their target price on shares of AT&T from $31.00 to $30.00 and set an "outperform" rating for the company in a report on Friday, January 16th. Barclays dropped their price target on shares of AT&T from $28.00 to $26.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 13th. Oppenheimer upped their price target on shares of AT&T from $29.00 to $32.00 and gave the company an "outperform" rating in a report on Wednesday, March 11th. Finally, Wells Fargo & Company reduced their price objective on shares of AT&T from $29.00 to $27.00 and set an "overweight" rating on the stock in a research report on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $30.35.

Trending Headlines about AT&T

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

• Positive Sentiment: AT&T rolled out a new AI‑powered consumer app to let wireless and home internet customers manage services and get AI support in one place — a product that could boost retention, simplify upsells and improve customer experience if adoption scales toward the company’s 100M-family target. Read More.
• Positive Sentiment: AT&T expanded a small‑business service assurance guarantee (faster support, bill credits for downtime), which targets SMB churn and could help stabilize business revenue and ARPU in a competitive market. Read More.
• Positive Sentiment: New national marketing tied to NCAA March Madness aims to reinforce AT&T’s brand and connectivity story — a visibility play that can help customer engagement and long‑term retention. Read More.
• Neutral Sentiment: AT&T committed to a large $250 billion spending plan to advance U.S. connectivity — a long‑term growth and market‑share signal but one that increases capital intensity and invites scrutiny on timing, returns and near‑term cash/ leverage. Read More.
• Neutral Sentiment: Analyst/media attention has spiked (Zacks/other outlets flagging T as a watched stock), which can increase trading volume and volatility but does not guarantee direction. Read More.
• Neutral Sentiment: Broader sector/infrastructure coverage (MarketBeat piece on “boring” infrastructure stocks) may shift some investor flows toward other yield/utility‑like names; limited direct impact on AT&T but relevant for relative allocation decisions.
• Negative Sentiment: Market headlines noted that AT&T suffered a larger-than-market intraday decline, reflecting near‑term selling pressure; that technical weakness can amplify downside as momentum traders react. Read More.

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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